JOE token is already available on Binance – Defi market wrap
Binance listed the JOE token on its platform today. The exchange has also announced that it would open trading for JOE/BUSD, JOE/BTC, and JOE/USDT trading pairs on December 28, 2021. JOE is TraderJoe’s native utility token. The latter is Decentralized Exchange (DEX) on Avalanche blockchain. This platform offers borrowing and lending services through BankerJoe. Users will be able to stake the JOE token to receive protocol fees. The token holders can also vote on governance proposals.
0xMurloc and Cryptofish founded TraderJoe in June 2021. They wanted to create a unique and genuinely innovative trading platform that would serve a global audience at the frontier of the decentralized finance industry while also resonating with Avalanche’s emerging superiority. Since launching, the TraderJoe platform has attracted over $4bn in assets. It has also gained backing from some of the widely recognized investors in the industry.
The TraderJoe team values innovation, speed, and safety. It thinks that community is the most important and aims to offer Defi accessibility and freedom to all users. The company will provide a one-stop-shop Defi experience for everyone around the world. It will also ensure the highest level of security.
According to the team, Trader Joe’s main tool is innovation and hard work. He aims to provide new experiences and solutions. Furthermore, Trader Joe’s goal is to serve the community at the frontiers of Defi. The company will do that by building fast and securely and innovating along the way. The project’s ultimate goal is to offer customers a trading platform that will provide an actual one-stop-shop Defi experience. Users will be able to swap, stake, farm, borrow, lend, and leverage on this platform.
What about FomoETH and its token?
FomoETH is a new revolutionary, community-driven blockchain ecosystem. It focuses on reward distribution and NFT Technology. The company launched its native utility token on December 28, 2021. 431,872,050,000 FomoETH are available for purchase for the price of $0.000001. Users can buy them on Pinksale.Finance platform. That amount is only 43.18% of the total supply, though. The company’s fundraising goal is $600,000, and it accepts ETH in exchange for its tokens.
The team created this platform to reward Defi users for their loyalty to a token and projects. The company configured the platform to redistribute ownership and wealth to its community through its token and the flagship project, NFTagram.
Furthermore, the company has built the FomoETH network on both the Ethereum blockchain and Binance Smart Chain. It wanted to build an intertwined digital economy owned and governed by its participants while at the same time providing guaranteed dividends to token holders. According to the team, the FomoETH token is the core of its ecosystem. It will support all the projects inside the FomoETH network, functioning both as a payment method and a long-term reserve asset.
The team has also formulated a unique structure that is exclusive to this ecosystem. Blockchain technology calculates the reward percentages, accrues transactional fees, and automatically disperses the ETH directly to the FomoETH wallets. As a result, holders will benefit from the incremental ETH payments until they liquidate the token.
The Founders of FomoETH
Devoted industry experts with a burning passion for the decentralized philosophy founded the FomoETH platform. Among them, they combine technological ability, industry know-how, and a proven track record in fields such as marketing and finance. Thus, the FomoETH team is one of the most capable units in the crypto sphere.
It also contains two tiers. The main team consists of lead developers, blockchain specialists, digital marketers, designers, and community managers. While another team is much smaller, it’s no less important, consisting of advisors and investors.
How many FomoETH tokens are circulating currently?
The total supply of FomoETH is 1 trillion tokens each on ERC20 and BEP20. The team plans to bridge a total of 2 trillion through Anyswap. The largest recipients of token distribution will be the liquidity pool and public presale. Considering that the presale and liquidity are necessary to facilitate platform growth, that’s an expected move.
The company will also set aside 12% of its coins for the project team to help bootstrap its project and ensure a diverse and accessible community during the following years. The project will allocate the remaining number to other areas of infrastructure to keep the ecosystem projects afloat.
What makes FomoETH stand out among other similar platforms?
FomoETH has the ability to generate value. In fact, it’s the first auto-reflection token to operate on both the Binance Smart Chain and Ethereum Networks. Furthermore, FomoETH is a low-circulating-supply asset with low inflation. Developers, validators, and users will be able to participate in the network and earn rewards if they own this token. They will also transfer fees and participate in future protocol governance.
As the core of the FomoETH ecosystem, the FomoETH token supports all the projects inside it. The company propagates on-chain transactional fees according to the token dynamics by assigning the accumulated funds to token holders.
Meanwhile, NFTagram aims to consolidate the social dynamics of Instagram. The project will do that with the aid of the current wave of NFT projects. Currently, those projects are forced to debut on non-interactive platforms, such as OpenSea. However, NFTagram will be able to promote organic growth. Thanks to that advantage, this project will become a guaranteed home run.
NFTagram will encourage users to mint personalized insights into their lives that can be both socialized and commodified. Besides, this project will fuel interest in niche and mainstream posts by granting customers the chance to profit, as well as own digital moments in real-time.
The team noted that their listings would add an entirely new dynamic to both the social media market and the NFT market. Blending arbitrage and community may well become the underpinning combination for all NFT platforms and social media in the future. The company is currently working on the NFTagram app. It plans to launch the app next year. FomoETH has a well-developed roadmap, and with its strong team, it will likely become successful soon. Its token is already very trending.
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