Trader Joe — a versatile decentralized trading platform on the Avalanche network. The team combines DEX services with DeFi lending to offer leveraged trading.
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About dexx crypto Trader Joe
Trader Joe's story arose out of a mixed desire to create a unique and innovative trading platform that would resonate with the growing dominance of the Avalanche blockchain while serving a global and growing audience at the forefront of the decentralized financial industry.
Trading on the Trader Joe project is carried out between tokens with an automated market maker (AMM) exchange. Place LP tokens on farms and earn JOE in return. Users can borrow tokens through Banker Joe.
Advantages of the crypto trading site:
| 1 | Community approach. |
| 2 | Innovation, speed and safety. |
| 3 | DeFi accessibility and freedom for everyone. |
Trader Joe has made it a mission to serve the community at the forefront of DeFi by innovating, building quickly and securely. The ultimate goal - to create a trading platform that will provide users with a true one-stop DeFi experience. Platform users will have the opportunity to dive into the fully integrated and highly available DeFi trading platform.
The liquidity, provided to the exchange, comes from liquidity providers (“LPs”) who place their tokens in “pools”. In return, they receive LP (liquidity provider) tokens, which can also be wagered to earn JOE tokens on the farm. When you exchange tokens on the exchange, you pay a trading fee of 0.3%, which is distributed as follows: 0.25% is paid to the liquidity pools in the form of a trading commission for liquidity providers and 0.05% is sent to the JOE token farm.
XJOE token and other information
xJOE — the main betting engine in the TraderJoe ecosystem. By placing a bet on your JOE, you are effectively exchanging your JOE for xJOE. Over time, you will always earn more JOE by holding xJOE Tokens. This is because there is a 0.05% commission for each TraderJoe swap, which goes to the xJOE pool. This fee helps to redeem JOE tokens (currently, redemption occurs every 2 days) periodically. Therefore, when you trade your xJOE for a JOE, you will receive more JOE than what you started with. The site has a link to an introductory document. It provides a general description and operating rules. Future updates are in the RoadMap section.
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