$JOE is the token of the Trader Joe decentralized finance platform on the Avalanche blockchain. The platform offers decentralized trading, borrowing / lending, staking, yield farming and soon an NFT marketplace. I believe $JOE is undervalued as the market
1. Rocket Joe — Innovative launchpad that facilitates fair market price discovery. Holders can stake $JOE to earn rJoe. Users require rJOE to participate in the launch event and rJoe is non-transferable. In short, if you want to invest in new, exciting projects on the platform then you need to buy and stake $JOE.3. veJOE — Users stake $JOE to accrue veJOE overtime. The more veJOE you accrue, the higher your $JOE yield in selected farms. veJOE will also provide future governance power.
Finally, veJOE rewards the most bullish $JOE advocates to hold for the long-term. The staking option allows users to boost their yield on selected farms and will offer voting rights on future governance proposals. Furthermore, it offers unique economics that will benefit the entire community — veJOE is accrued over-time, is non-transferrable and is lost when the underlying $JOE is unstaked.
Note: DCF for early-stage businesses are very difficult. A Sensitivity Analysis provides more insight into the wide range of potential outcomes.