To make its token ($JOE) more valuable for users, Trader Joe’s DEX reveals its plans to update its tokenomics and adapt $JOE to a multi-chain world.
Trader JOE Decentralised Exchange (DEX) is an Automated Market Maker (AMM) specialising in trading assets on Avalanche Network (AVAX). In addition to these services, the DEX provides a launchpad, liquidity pools, leveraged trading, yield farming, NFTs, and borrowing and lending money. Trader Joe’s claims to be one of the DeFi industry’s most complete DEXs.
The DEX was established in 2021 by developers who still remain anonymous. The JOE token was introduced on the Avalanche blockchain in the middle of 2021 as a “multi-utility” governance token with a fixed supply of 500 million. Since its debut, JOE has expanded its functionality into a cutting-edge modular staking system, enriching and improving the user experience throughout the Trader Joe DEX.
All Comments