JOE (JOE) serves as the native token for LFJ, a decentralized exchange (DEX) operating on the Avalanche (AVAX) blockchain. The platform provides various DeFi services, such as yield farming, staking, and swapping. Since its launch in June 2021, LFJ has experienced rapid growth, accumulating more than $4 billion in total value locked (TVL). According to the team, the exchange prioritizes safety, speed, and innovation while maintaining a community-first approach. It aims to offer a comprehensive DeFi experience by integrating new products without sacrificing security. To support token-holder growth, LFJ has outlined a roadmap that plans to introduce leveraged trading, JOE token collateralization, non-fungible-token (NFT) exchange listings, and improved staking features, all targeted for 2021.

LFJ was established by two developers who use pseudonyms: Cryptofish and 0xMurloc. Cryptofish describes themselves as a smart contract and full-stack engineer who contributed early on to various Avalanche initiatives, including Sherpa Cash and Snowball. This individual previously worked at Google and earned a Master's degree in Computer Science from a university in the U.S. 0xMurloc is a full-stack developer who has launched multiple startups and formerly served as a Senior Product Lead at Grab. More than a dozen additional pseudonymous members support the team, focusing on community, marketing, and software development.

LFJ delivers the features of a contemporary decentralized exchange through an accessible interface, ensuring transactions are both fast and inexpensive. Participants can supply liquidity via yield farms to receive JOE (JOE) rewards, which are eligible for staking and governance voting. The platform’s non-custodial lending service, Banker Joe, is built on the Compound (COMP) protocol, enabling users to lend and borrow assets while also opening leveraged positions using those funds.

To boost the utility and adoption of the JOE token, LFJ aims to become the primary DeFi hub in the Avalanche ecosystem by introducing new features. These planned developments include allowing JOE to serve as collateral for borrowing, as well as supporting limit orders, options, and futures trading. The project’s rapid innovation and distinctive comic book-style branding have secured support from prominent DeFi figures, such as AAVE (AAVE) founder Stani Kulechov and Darren Lau.

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

• 50% – liquidity providers
• 20% – treasury
• 20% – team (subject to a three-month cliff)
• 10% – future investors (subject to a three-month cliff)

The tokens are emitted over a 30-month timeframe, with emission rates steadily declining until they cease at the beginning of January 2024. Stakers of JOE receive 0.05% of all trade volume, along with a portion of fees generated from lending interest and liquidations directed into the staking pool.

LFJ operates on the Avalanche (AVAX) blockchain, which utilizes a unique consensus system where nodes validate transactions through a directed acyclic graph (DAG) protocol.

At present, the treasury is managed by developers Cryptofish and 0xMurloc, though the LFJ community intends to implement a multi-signature governance structure in the future. Currently, token holders use Snapshot to cast votes on protocol development.

You can purchase JOE (JOE) on Gate.io, Pangolin, and TraderJoe.