Is JOE a Good Choice for Crypto Investors?
Trader Joe is a recent entry into the world of cryptocurrency exchanges. It came into the picture last year but has already created a buzz worldwide. Interestingly, the founders of the project are anonymous, and no one knows their identities.
However, Trader Joe raised $5 million in funding this month and continues to interest more crypto enthusiasts. Let’s explore whether you should also start looking into the new platform and token.
What is Trader Joe?
Trader Joe is a decentralized finance protocol or DeFi. It helps users buy and sell cryptocurrency. The protocol is also decentralized, which means it needs no intermediary to process transactions.
However, the platform is way ahead of others for countless reasons.
Trader Joe uses the ecosystem of Avalanche, which is a blockchain platform. Avalanche is faster than other popular blockchains like Ethereum. As a result, you can buy and sell crypto coins quickly.
Additionally, Avalanche doesn’t need too many hardware resources to run. Therefore, projects like Trader Joe can charge lower fees and provide a better buying and selling experience.