Joe Token (Avalanche)

JOE

JOE is the governance and revenue-sharing token of the Trader Joe protocol.

Risk Rating
Best
$0.51
-0.63%
Summary
What we like
JOE accrues value from all trades on its decentralized spot exchange. It is also used as the governance token for holders to vote on community proposals.
What we like less
JOE utility was limited previously which resulted in it being farmed and dumped. The multisig wallets that control the community treasury only requires 2/3 signers who are anonymous.
What it means for you
Staking JOE enables you to earn 0.05% of all trading fees generated by the decentralized exchange platform.
Information
Blockchain
  • Avalanche
Info
Key Metrics
  • Market Cap: $173.4M
  • Fully Diluted Valluation: $253.7M
  • FDV / MC: 1.5
  • Ranking inside Exponential (excluding stables): #56
  • Circulating Supply: 341,459,396
  • Total Supply: 499,709,398
  • Total Supply: 500,000,000
  • Volume (24H): $8.2M
  • ATH: $5.09 (11/21/2021)
  • ATL: $0.03 (08/11/2021)
Risk Assessment
Best
Asset Strength

JOE is a low-cap asset that represents the blockchain`s native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of Trader Joe V2, a protocol rated as Watch out.

Asset Tokenomics

JOE has a fixed supply.

Asset Volatility

JOE is highly correlated to the overall market.

Dependencies

Trader Joe

Things to know about JOE

What is JOE used for?

JOE is the governance and revenue-sharing token for Trader Joe. Stakers receive a portion of the exchange swap fees. Token holders can also partake in the protocol's governance process to vote on proposals and protocol-level changes.

JOE tokenomics

The max supply of JOE is around 500M tokens. The token distribution follows a decaying emission model based on a set schedule over a period of 30 months. JOE tokens are distributed per the emission schedule through liquidity provider rewards alongside team and treasury funds. The distribution of tokens includes 50% to liquidity providers, 20% to treasury, 20% to team, and 10% reserved for potential strategic investors.

How does JOE accrue value?

JOE collects a portion of all trading fees and distributes to sJOE stakers. The protocol deducts a 0.05% fee from every swap and converts it into stablecoins (currently USDC) which is then distributed to all sJOE stakers. Rewards are distributed every few days and stakers can claim their rewards at any time. JOE holders can also stake their tokens in exchange for rJOE, an allocation token used to enter Rocket Joe launches. rJOE has no actual value by itself, with the sole purpose to unlock an allocation of newly-issued protocol tokens. Lastly, users can stake JOE in exchange for veJOE, which rewards long-term stakers with boosted JOE farm rewards as well as greater voting power for future governance. All accrued veJOE will immediately be burnt if any amount of JOE is withdrawn.