What is JOJO Exchange? JOJO Exchange is a decentralized perpetual futures exchange with high efficiency. The exchange launched in April 2023, but it was not until September that the community paid attention to this project.
So what is JOJO Exchange? Let’s find out in this article!
Overview of JOJO Exchange
JOJO Exchange is a Perp DEX built on Layer 2 Arbitrum. Although building and providing main support for the Arbitrum ecosystem, the project also expands market share on other ecosystems such as Ethereum, Optimism, Avalanche, Polygon,…
JOJO Exchange uses the order book model to create liquidity for the market. Available liquidity will consist of orders placed by users and created by Market Makers. Real traders pay online and orders are matched off-chain.
Off-chain order matching will bring order matching speed like CEXs on the market. Especially with the ability to trade with 20x leverage and multi-asset collateral positions to help traders experience an optimal product on DeFi.
JOJO has a fee structure that includes a low transaction fee of 0.02% for Limit Orders and 0.07% for Market orders, also known as spot orders. This fee is significantly lower than the fees charged by other exchanges on the market.
JOJO Exchange also applies a referral system to attract users and reward those who introduce projects. But the referrer will earn about 30% of the trading fees of the users of their system.
Development Roadmap
Update…
Core Team
The project announced the JOJO Exchange development team, but most of them were anonymous so I couldn’t find relevant information.
Investors
Update…
Tokenomics
Update…
Exchanges
Update…
JOJO Exchange’s Information Channel
- Website: https://jojo.exchange/
- Twitter: https://twitter.com/jojo_exchange
- Medium:
Summary
Although JOJO Exchange does not have much new technology and products, the project is processing millions of dollars in transaction volume every day. This number shows that the project has a community as well as a product that is truly friendly to end users.
So I have clarified what JOJO Exchange is? Hope this article brings you a lot of useful information!
