A Thorough Survey on JOE Token. (JOE COIN)

1. Executive Summary

Overview of the JOE token and its unique value proposition.

The JOE token is the native cryptocurrency of Trader Joe, a decentralized exchange (DEX) on the Avalanche blockchain. It is used for governance, staking, and yield farming. JOE has a unique value proposition due to its focus on privacy and anonymity, employing advanced cryptographic techniques for secure transactions. Additionally, its community-driven governance model allows token holders to propose and vote on network changes, promoting community ownership and involvement. JOE also has a diminishing issuance model, ensuring a sustainable growth of the Trader Joe ecosystem.

SOURCES:

https://crypto.ro/en/predictions/joe-joe-price-prediction/

https://www.theblock.co/price/256984/joe-joe-eur

Brief summary of the investment opportunity.

JOE is a cryptocurrency token used within a blockchain ecosystem. It can be used for governance, transaction fees, or staking. The price of JOE is influenced by supply and demand dynamics, including market trends, technological advancements, regulatory news, and historical data. According to various predictions, JOE's price is expected to increase significantly over the next few years, with some forecasts reaching as high as $23.7 to $34.1 by 2030. Technical analysis also suggests a bullish trend, with the 50-day moving average sloping up and the RSI above the neutral zone. However, some predictions are more conservative, estimating a maximum price of $16.34 by 2049.

SOURCES:

https://crypto.ro/en/predictions/joe-joe-price-prediction/

https://www.binance.com/en/price-prediction/joe

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2. JOE TOKEN Overview

Mission and Vision: JOE TOKEN long-term objectives.

JOE TOKEN's long-term objectives are centered around building a successful and sustainable family dairy business. The vision statement outlines the desired outcome of becoming a leading provider of unique and high-quality dairy products to local consumers. The mission statement defines how this vision will be achieved, focusing on innovation, ethics, and environmental protection to deliver exceptional value to customers. JOE TOKEN has developed clear strategies, goals, objectives, and action plans to ensure the mission is implemented effectively and the business continues to grow and thrive over the long term.

SOURCES:

https://open.lib.umn.edu/principlesmanagement/chapter/4-3-the-roles-of-mission-vision-and-values/

https://www.researchgate.net/publication/327879895_Mission_and_Vision

Problem Statement: Challenges or gaps JOE TOKEN aims to address.

JOE TOKEN aims to address the challenges or gaps in the blockchain and Non-Fungible Token (NFT) market. Specifically, it aims to improve the user experience by providing a seamless and secure way to interact with in-game assets, governance, and staking. The tokenomics model is designed to ensure a clear and transparent distribution of tokens, addressing concerns about token utility and incentives. By addressing these challenges, JOE TOKEN aims to contribute meaningfully to the blockchain ecosystem and provide a solid foundation for its users.

SOURCES:

https://www.whitehouse.gov/briefing-room/statements-releases/2022/09/16/fact-sheet-white-house-releases-first-ever-comprehensive-framework-for-responsible-development-of-digital-assets/

https://fastercapital.com/topics/what-is-the-specific-problem-or-challenge-that-your-crypto-project-aims-to-solve-or-address.html

Solution: How the JOE TOKEN proposes to solve these problems.

JOE TOKEN addresses challenges in the blockchain and NFT market by combining decentralized exchange with lending and leverage trading, ensuring a clear tokenomics model, and providing a seamless user experience. It also addresses NFT ownership and governance, minimizes gas fee risks, and ensures a transparent token distribution. By doing so, JOE TOKEN aims to contribute meaningfully to the blockchain ecosystem and provide a solid foundation for its users.

JOE TOKEN addresses challenges in the blockchain and cryptocurrency space, particularly in Initial Coin Offerings (ICOs), by focusing on improving the clarity, transparency, and rigor of ICO whitepapers. This emphasis aims to combat ambiguous project goals and inadequate problem definitions that can lead to scams and unsustainable projects. By advocating for clear, transparent, and rigorous whitepapers, JOE TOKEN seeks to boost the credibility and impact of ICOs, ensuring they address real issues and contribute value to the ecosystem.

SOURCES:

https://www.biztechafrica.com/article/joe-joe-token-real-fake/52372/

https://www.linkedin.com/pulse/5-mistakes-avoid-nft-minting-nest-web3

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3. Technology and Product

Technical Architecture:

Overview of the blockchain and other technologies used.

The JOE token, Trader Joe's native cryptocurrency, operates on the Avalanche blockchain, chosen for its focus on innovation, speed, and security in the decentralized exchange (DEX) sector. By utilizing the Avalanche blockchain, Trader Joe can directly facilitate transactions, minimizing reliance on third-party platforms and enhancing user experience. This self-reliant infrastructure sets Trader Joe apart from other cryptocurrencies that depend on external supports for transactions. Users can store JOE tokens in widely-used wallets like Metamask and WalletConnect, offering flexibility and convenience. However, the anonymity of Trader Joe's founders raises concerns about transparency and accountability, which are crucial factors for potential investors to consider.

Product Offering: Description of the product or service, including its development stage.

JOE is the native token of Trader Joe, a decentralized exchange (DEX) on the Avalanche blockchain. It is used for network governance, transaction fees, and staking to earn rewards. The token supply is capped at 500 million and distributed over 30 months. The distribution includes 50% for liquidity providers, 20% for the development team and treasury each, and 10% for potential strategic investors.

Innovation: How JOE TOKEN innovates or improves upon existing solutions.

JOE token, linked to Trader Joe, introduces innovation by offering a decentralized platform for secure and efficient digital transactions, prioritizing user privacy and confidentiality through the use of sophisticated cryptographic techniques for secure and private transactions.

Roadmap: Development milestones, past achievements, and future goals.

JOE is the governance token of Trader Joe, a leading Avalanche DEX. Despite legal challenges, JOE has grown to $500M TVL and offers DeFi services like swaps, staking, and lending. The token serves as a reward, incentive, and governance mechanism for the Trader Joe DAO. Future goals include enhancing governance, expanding offerings, increasing adoption, and addressing legal issues to drive sustainable growth in the DeFi space.

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4. Market Analysis of JOE TOKEN 

Target Market: Size, demographics, and behavior of the potential market.

The JOE token targets users seeking secure and efficient digital transactions with a focus on privacy. It's associated with Trader Joe, a DEX on Avalanche, offering DeFi services like trading, liquidity pools, staking, lending, and a launchpad. Trader Joe has gained significant traction, becoming the largest AMM on Avalanche with $500M TVL. JOE is used for governance, fees, and staking rewards, with a capped supply.

Competitive Landscape: Analysis of competitors and Joe token's position in the market.

The competitive landscape of Joe Coin (JOE) is characterized by a relatively low market capitalization of $14,504,907 and a 24-hour trading volume of $491,808. The token is listed on several exchanges, including Uniswap V2 (Ethereum), Uniswap V3 (Ethereum), and Bilaxy. The all-time high for Joe Coin was recorded on May 27, 2024, at BTC0.0 69995, while the all-time low was recorded on Feb 05, 2024, at BTC0.0 71586. The fully diluted valuation of Joe Coin is BTC224.3549, indicating a potential for growth if the emission schedule of JOE tokens is designed to increase the circulating supply over time.

SOURCES:

https://coinmarketcap.com/currencies/joe/

https://www.coingecko.com/en/coins/joe

Market Trends: Current and anticipated trends that could affect JOE TOKEN.

The JOE token's performance is influenced by DeFi trends and the broader cryptocurrency market. Trader Joe, a DEX on Arbitrum, Avalanche, and Ethereum, offers various DeFi services. Market trends, regulatory developments, user adoption, and network upgrades can impact the token's value. Closely monitoring these factors is crucial for investors and users.

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5. Team and Advisors

Backgrounds: Experience and expertise of JOE TOKEN founding team and key members.

The Joe token, also known as JoE, is a project that combines the historical narrative of Joseph of Egypt with modern blockchain technology. The founding team and key members have created an ecosystem that includes features like a DAO system, staking and farming, as well as a bridge and swap functionality. They aim to provide an immersive experience where history meets innovation, highlighted by their “Visions of Joseph” NFT collection.

Advisory Board: Influence and contribution of the advisors.

The influence and contribution of advisors of the Joe Token Advisory Board, can be significant. They bring expertise, guidance, and a fresh perspective to the table, helping to shape strategic decisions and drive growth. However, the relationship between advisors and the organization must be clearly defined to avoid potential conflicts of interest and ensure alignment with the organization's goals.

Team Structure: Effectiveness of the team's organization and communication.

The Joe Token team structure effectively manages token supply and encourages community engagement through a clearly defined tokenomics and distribution model. The team has allocated tokens to liquidity providers, treasury, team, and strategic investors, aligning their interests with the community's. The decaying emissions model has concluded, preventing further token minting and mitigating inflation risks.

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6. Joe Token's Tokenomics and Financials

 Utility: The purpose and use cases for Joe token.

The Joe token offers a diverse range of utilities, functioning as a reward token, an incentive for yield farming, and a governance token for the Trader Joe decentralized exchange (DEX) on the Avalanche blockchain. It is utilized for staking in supported cryptocurrencies, incentivizing yield farming, and engaging in the decentralized autonomous organization (DAO) of the exchange through JOE VOTE. Furthermore, JOE can be deposited into the DEX’s launchpad – Rocket Joe, facilitating the support of new tokens deployed on Avalanche (AVAX).

Joe token Distribution: Allocation of tokens (e.g., team, advisors, public sale).

Joe Token follows a fixed supply model with decaying emissions, limiting the total supply to 500,000,000. The distribution is divided into 50% for liquidity providers, 20% for the team, 20% for treasury, and 10% for future investors. The token incentivizes liquidity providers, supports platform development, and engages in the DAO.

Financial Model: Revenue streams, cost structure, and profitability projections.

The Joe token ecosystem generates revenue through trading fees (0.3%), with 0.25% going to liquidity providers and 0.05% to JOE farms. Liquidity providers earn rewards in LP tokens, and users can stake JOE to earn xJOE. The cost structure is balanced, with 50% for liquidity providers, 20% for the team, 20% for the treasury, and 10% for future investors.

Funding History: Previous funding rounds, investors, and current valuation.

The JOE token, the native token of the Trader Joe decentralized exchange on the Avalanche blockchain, has a well-documented funding history. 

In September 2021, Trader Joe raised $5 million in a seed funding round led by Defiance Capital, GBV, and Mechanism Capital. Stani Kulechov, the founder of the DeFi lending protocol Aave, also invested in this round. 

Prior to this, Trader Joe received a grant of $1.21 million in October 2023 from the Arbitrum Foundation. 

The current fully diluted valuation of the JOE token is estimated to be around $224.35 million, based on the token's total supply of 500 million and the current market price. 

The JOE token distribution model is designed to align the interests of the team, treasury, and liquidity providers, with 50% of tokens allocated to liquidity providers, 20% to the team, 20% to the treasury, and 10% reserved for potential future investors. 

SOURCES:

https://cryptorank.io/ico/joe

https://www.coincarp.com/currencies/traderjoe/fundraising/

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7. JOE TOKEN’s Community and Ecosystem

Community Engagement: Size, growth, and engagement levels of the community.

The JOE token community boasts a market capitalization of $259.4M and a circulating supply of 341.5M tokens, with a total supply of 499.7M tokens. The community's engagement in staking for rewards strengthens network security and provides passive income, creating a mutually beneficial relationship between the project and its members. JOE token holders have the opportunity to participate in governance, proposing and voting on network modifications, which nurtures a sense of ownership and involvement within the community. The community's active participation in farming and staking promotes long-term engagement and aligns community members' interests with the platform's growth. The community's emphasis on privacy, anonymity, and community governance sets JOE apart in the cryptocurrency market.

Partnerships: Strategic alliances and partnerships.

Joe token has formed strategic partnerships to enhance connectivity and interaction for omnichain fungible tokens (OFTs). The partnership with Stargate Finance aims to unlock new opportunities for growth and seamless interoperability between the two platforms. This collaboration enables JOE to be supported directly on Stargate without the need for liquidity pools, opening up new possibilities for growth and interaction.

SOURCES:

https://www.linkedin.com/pulse/value-everyone-talking-creating-strategic-alliances-what-joe-kittel

https://joecontent.substack.com/p/trader-joe-forms-strategic-partnership

Network Effects: The project's strategy for achieving and benefiting from network effects.

Trader Joe's approach to achieving network effects includes community engagement through staking and farming, strategic partnerships, and supporting Arbitrum builders. The platform fosters long-term commitment and aligns community interests with growth. It also introduces new features like Merchant Moe and provides incentives for liquidity and growth, directly supporting the Arbitrum ecosystem.

SOURCES:

https://forum.arbitrum.foundation/t/trader-joe-final-stip-round-1/17013

https://joecontent.substack.com/p/trader-joe-forms-strategic-partnership

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8. Risks and Challenges

Market Risks: Exposure to market volatility and competitive threats.

The JOE token faces significant market risks due to volatility and competitive pressures. Investors should be cautious and understand the associated risks. The project's continuity is moderate, and market sentiment is skeptical, with a score of 40%. Prudent risk management is crucial for investors due to market volatility and competitive challenges.

JOE Token Technical Risks:

Potential technical hurdles in development or deployment:

JOE token's success hinges on market demand, competition, and regulatory adherence.

Investors should conduct comprehensive research to evaluate potential technical risks.

Regulatory Risks:

Legal challenges affecting project viability:

Regulatory gaps and enforcement issues can generate legal uncertainties and risks.

Dynamic regulatory environment for crypto assets can obstruct operations.

Proactive addressal of legal challenges is crucial for sustainability and regulatory compliance.

Other Risks:

Competitive DeFi space:

Avalanche's ecosystem contraction and competition from Uniswap v3.

Inconsistent growth of trading volumes and fees.

Complexity of securities:

Difficulty in determining fair value.

Inefficient pricing and asset bubbles.

Bundling of different rights:

Difficulty in assessing economic value.

Mispricing or bubble formations.

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9. Joe Token’s SWOT Analysis

Strengths:

Robust domestic market: Trader Joe's operates primarily in the domestic market, which has been successful.

Competitive prices: Trader Joe's offers lower prices due to its private label business policies.

Loyal customer base: Trader Joe's has a large and loyal customer base.

Diverse range of merchandise: The company offers a wide variety of products.

Strong brand presence: Trader Joe's has a long legacy and trustworthy reputation.

Weaknesses:

Limited international market: Trader Joe's has not expanded to the international market.

Complexity of crypto assets: The bundling of different rights in crypto assets can lead to mispricing and asset bubbles.

Opportunities:

Growth of demand for storage: The storage sector is growing rapidly.

Cost structure vs centralized solutions: Decentralized storage is more affordable than centralized alternatives.

Threats:

Competition: Trader Joe's faces competition from other decentralized storage solutions.

Regulatory challenges: Regulatory uncertainties can impact the project's viability.

SOURCES:

https://www.edrawmax.com/article/trader-joe-swot-analysis.html

https://www.linkedin.com/pulse/swot-analysis-storjstorj-andrey-didovskiy

https://www.coingecko.com/en/coins/joe

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10. How ATOM works with TheStandard.io 

Possible collateral type: 

The Standard protocol enables users to utilize JOE TOKEN as collateral for securing loans in EUROs and soon, USDs, with no interest fees. This non-custodial system guarantees a secure and user-controlled borrowing experience.

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11. Conclusion and viability score

Final assessment and Score:

Viability Score: 3.5/5

The JOE token and the Trader Joe project face a moderate level of risks, primarily related to technical, regulatory, and competitive challenges. However, the project also has several positive factors, such as multi-auditing, passive income opportunities, and a strong community focus, which could contribute to its long-term viability. Investors should carefully evaluate the risks and potential rewards before considering an investment in the JOE token.

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