Tsybiktarov Evgeniy

NT Price Live Data

The live NarakaToken price today is $4.19e-12 USD with a 24-hour trading volume of $16 026,45 USD. We update our NT to USD price in real-time. NarakaToken is down 28,28% in the last 24 hours. The current CoinMarketCap ranking is #5584, with a live market cap of not available. The circulating supply is not available and a max. supply of 9 007 199 254 740 991 NT coins.

Naraka Token has only one vision, that is, to create a reward system based game with its own ecosystem that will one day rule and thrive in the genre of Gaming Cryptocurrencies. Naraka Token plans to make a MMORPG and VR concept based game to be a top gaming crypto Naraka has a single mission to work its up as a renowned token in the category gaming metaverse. Naraka was launched on 21st of November 2021.Naraka token is all about transparent to its community.Naraka utility isfocus on game development NTFs related to gaming metaverse and app that shows reflection of the token.Naraka has burned a supply at launch and the contract will not be renounced just for the sale reason that developer wish to change the tax structure once the game is officially launched in coming months.

JOE

JOE (JOE) is the native token of Trader Joe, a decentralized exchange (DEX) on the Avalanche (AVAX) blockchain that offers DeFi services, including swapping, staking and yield farming. The exchange has been growing rapidly, attracting over $4 billion in total value locked (TVL) since it was launched in June 2021. Trader Joe claims to take a community-first approach, and to prioritize innovation, speed and safety. It aims to provide a one-stop-shop DeFi experience and to integrate new products without compromising on security. To achieve this, Trader Joe has outlined an ambitious roadmap that focuses on token-holder growth. It plans to have improved staking, non-fungible-token (NFT) exchange listings, the collateralization of the JOE token, and leveraged trading –– all during 2021.

Who Are the Founders of JOE?

Trader Joe was founded by Cryptofish and 0xMurloc, two pseudonymous developers. Cryptofish is self-described as a full-stack and smart contract engineer, who was an early contributor to several Avalanche projects, such as Snowball and Sherpa Cash. S/he worked at Google and holds a Master's in Computer Science from a U.S. university. 0xMurloc is a full-stack developer with experience starting several startups. S/he was also a Senior Product Lead at Grab. The team is complemented by over a dozen other pseudonymous users working on software, marketing and community.

What Makes JOE Unique?

Trader Joe provides all the functionality of a modern DEX and offers a convenient user interface, combined with speedy and cheap transactions. Users can provide liquidity by participating in one of its yield farms and earn JOE (JOE) as a reward token, which can later be staked and used to vote in governance proposals. Its lending protocol Banker Joe, based on the Compound (COMP) protocol, allows users to borrow and lend funds in a non-custodial manner. Moreover, users can also open leveraged positions on their provided or borrowed funds.

To increase the utility and adoption of the JOE token, Trader Joe is working on introducing several new options, which are aimed at transforming the project into the main DeFi platform within the Avalanche ecosystem. First of all, users will be able to use JOE as collateral to borrow against. Moreover, Trader Joe also plans to facilitate limit orders, options and futures trading on its platform. Thanks to the speed of its innovation and strong comic book-like branding, Trader Joe has attracted strong backers from within the DeFi community, including from AAVE (AAVE) founder Stani Kulechov and Darren Lau.

Related Pages:

Check out Avalanche (AVAX) — the blockchain Trader Joe is built upon.

Check out Solana (SOL) — another high-speed layer one blockchain.

Read our deep dive into Avalanche (AVAX).

Get the latest crypto news and latest trading insights via the CoinMarketCap blog.

How Many JOE (JOE) Coins Are There in Circulation?

The total supply of JOE (JOE) is 500 million. The token was launched without a pre-sale, private sale, or pre-listing allocations. The distribution of JOE is as follows:

50% – liquidity providers

20% – treasury

20% – team (three-month cliff)

10% – future investors (three-month cliff)

JOE is being emitted over a 30-month period and JOE stakers earn 0.05% of all trades. JOE also pays a share of fees from lending interest and liquidations into the staking pool. The emission rates of JOE steadily decrease over time and will come to an end at the beginning of January 2024.

How Is the JOE Network Secured?

Trader Joe is built upon Avalanche (AVAX), a blockchain with its own proprietary consensus mechanism, in which all nodes process and validate transactions by employing a directed acyclic graph (DAG) protocol.

The treasury is currently entrusted to its developers Cryptofish and 0xMurloc, although the Trader Joe community plans to establish a multi-signature governance mechanism in future. For now, token holders can vote on the development of the protocol via Snapshot.