Trader Joe's has released an experimental token
The decentralized exchange (DEX) Trader Joe's based on Avalanche (AVAX) has released its own token of the DN-404 standard
The coin from Trader Joe's, called SHOE, carries no value and will not be supported by the trading platform. The token only symbolizes the platform's first step towards popularizing the experimental 404 contract, the developers noted.
The total SHOE offer is limited to 19,404 coins. According to representatives of the crypto exchange, all tokens have already been distributed among 22,140 wallets of active users of the Joepegs trading platform and holders of NFT projects of the Joe Studios accelerator.
According to the developers, the new asset is a regular memcoin, which simultaneously combines the characteristics of non—interchangeable tokens (NFT). At the same time, they stressed that SHOE carries no value and is not supported by Trader Joe's.
