JOE (JOE) crypto asset is now listed on INDODAX on the Arbitrum network.

 

Interested in JOE (JOE) and how to buy it? Learn more before investing by reading below!

 

About JOE (JOE) 

 

JOE is the governance and reward token for Trader Joe, a decentralized exchange (DEX) platform built on the Avalanche blockchain. The unique feature of this token is that aside from being used for platform governance, JOE is also utilized to reward its holders with a portion of the trading revenues generated by Trader Joe from activities such as exchange, lending, and leveraged trading. By combining DEX services and DeFi lending, Trader Joe is able to promote liquidity on its platform by attracting more capital inflows into the project through the rewards given to JOE holders.

 

For more information, visit the official website of JOE (JOE) at https://traderjoexyz.com/avalanche

 

Challenges, Opportunities, and Utilities

 

The JOE token was created to address the issue of liquidity on the Trader Joe decentralized exchange platform. This is achieved by integrating DEX and lending/leveraged trading services into a single JOE token, allowing users to benefit from multiple services simultaneously and attract more users to the platform. Additionally, JOE provides rewards in the form of a portion of platform revenues to token holders to incentivize capital inflows into the Trader Joe ecosystem. The fixed and gradual tokenomic model of JOE also supports the token’s potential for price appreciation over time. In other words, the JOE token was created to resolve Trader Joe’s liquidity issues by combining decentralized finance services and incentives for token holders, enabling increased user engagement and attracting more capital into the platform’s ecosystem.

 

Some utilities of JOE tokens : 

 

• Used for governance processes such as voting on Trader Joe 
• Rewards its holders with a portion of platform revenues

 

Investor of JOE (JOE) 

With fundraising of $6,210,000.00, JOE is backed by investors and venture capitals such as Delphi Ventures, GBV Capital, Mechanism Capital.

 

Crypto Asset Ranking Information

As of August 19, 2024, the CoinMarketCap ranking of JOE (JOE)  is #313, with a market cap of USD 104,303,337. It has a circulating supply of 361,075,252 JOE and a maximum supply of 464,573,155 JOE.

 

How to Buy JOE (JOE) on INDODAX 

Now that you’ve discovered more about JOE (JOE) , you can start investing in JOE (JOE)  easily and securely on INDODAX. 

You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.

To buy JOE (JOE)  crypto asset on INDODAX, follow the steps below:

 

1. Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
2. Then, deposit by reading how to make a deposit below
3. After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
4. Search for JOE in the IDR market, and click to visit the crypto asset page
5. On the crypto asset page, enter the balance and desired JOE purchase price, or buy instantly at the current price
6. Next, you should wait for the price to increase for some time
7. Once the price increases, your assets can be sold at a higher price with the Instant method
8. If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number

 

INDODAX also offers other features than trading, such as INDODAX Earn which allows you to lock crypto assets and earn interest rewards, and INDODAX OTC for large crypto transactions in a more personalized and secure way.

 

Let’s invest in JOE (JOE) on INDODAX now!