Tokenomics
JOE is a governance token that also rewards its holders with a share of exchange revenues. The token distribution follows a fixed supply, decaying emission model.
What is the current daily emissions of the JOE Token?
Currently, 14,500 JOE Tokens are emitted daily to Yield Farms. This is lower than the below mentioned emissions schedule. This is lower due to the fact the Team does not need to distribute large amounts of JOE Tokens to incentivize Liquidity.
The Team maintain the decision making control over JOE Token distribution to preserve long-term value generation for the JOE ecosystem.
Contract
Ticker | Chain | Contract Address |
JOE | Avalanche | 0x6e84a6216eA6dACC71eE8E6b0a5B7322EEbC0fDd |
Emissions
There were no pre-sales, private sales or pre-listing allocations of the JOE token.
All tokens are distributed according to emission schedule. That means that the team funds and treasury funds are distributed at same pace as our LP farms. We also have an allocation hold out for future investors. It means that if Trader Joe were to raise investor funds in the future, these investors would enter after the token launch, and not before.
Revenues
0.05% of all trades are paid to sJOE staking pool.
All JOE tokens will be emitted according to distribution portion. Team, Treasury and Future Investor funds are emitted at schedule as public distribution to LPs.
| Distribution |
Total supply | 500,000,000 |
Months to emit | 30 |
Liquidity Providers (LP) | 50% |
Treasury | 20% |
Dev Team (3 month cliff) | 20% |
Future Investors (3 month cliff) | 10% |
Token Distribution
Emission Schedule
Below are the emission rates. Token emission will begin 3-July, 2021 and end 3-Jan, 2024.
Date | JOE per sec |
3-July 2021 | 30 |
3-Aug 2021 | 20 |
3-Sep 2021 | 17 |
3-Oct 2021 | 13.5 |
3-Nov 2021 | 10 |
3-Dec 2021 | 9.5 |
3-Jan 2022 | 9 |
3-Feb 2022 | 8.5 |
3-Mar 2022 | 8 |
3-Apr 2022 | 7.5 |
3-May 2022 | 7 |
3-Jun 2022 | 6.5 |
3-Jul 2022 | 6 |
3-Aug 2022 | 5.5 |
3-Sep 2022 | 5 |
3-Oct 2022 | 4.5 |
3-Nov 2022 | 4 |
3-Dec 2022 | 3.5 |
3-Jan 2023 | 3 |
3-Feb 2023 | 2.5 |
3-Mar 2023 | 2 |
3-Apr 2023 | 1.5 |
3-May 2023 | 1.25 |
3-Jun 2023 | 1 |
3-Jul 2023 | 0.9 |
3-Aug 2023 | 0.8 |
3-Sep 2023 | 0.7 |
3-Oct 2023 | 0.6 |
3-Nov 2023 | 0.5 |
3-Dec 2023 | 0.4 |
3-Jan 2024 | 0.3 |
What happens when emissions end?
There will be no more JOE Tokens minted