JOE vs Spell Token — how do they compare? JOE trades at Rp494.15 (market cap Rp226,02M, Rp80,27M 24h volume), while Spell Token trades at Rp1.4 (market cap Rp271,55M, Rp14,71M 24h volume). The key difference: Spell Token is the larger of the two by market cap, and JOE's supply is capped (457,2M / 500M JOE (92%)) while Spell Token's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold JOE for 33 Days and Spell Token for 44 Days on average.
| JOE | SPELL | |
|---|---|---|
Market Cap | Rp226,02M | Rp271,55M |
Volume (24h) | Rp80,27M | Rp14,71M |
Circulating Supply | 457,2M / 500M JOE (92%) | 195,2B SPELL |
Typical Hold Time | 33 Days | 44 Days |
What Pluang investors did over the last 30 days
JOE is the native token of Trader Joe, a decentralized exchange on the Avalanche (AVAX) blockchain. Trader Joe offers various DeFi services, including swapping, staking, and yield farming. Since its launch in June 2021, the exchange has experienced rapid growth, attracting over $4 billion in total value locked. Trader Joe prioritizes a community-first approach and emphasizes innovation, speed, and safety. The platform aims to provide a comprehensive DeFi experience and integrate new products without compromising security. Trader Joe has an ambitious roadmap that focuses on token-holder growth, with plans for improved staking, NFT exchange listings, collateralization of the JOE token, and leveraged trading all within 2021.
Read more on JOE →Spell Token is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). SPELL token can be farmed by providing liquidity in one of the different pools. SPELL can also be staked, and staked tokens accrue a share of the platform fees (interest, borrowing fees, and 10% of the liquidation fee for certain markets), which auto-compound.
Read more on SPELL →