JOJO Exchange
JOJO Exchange is the DeFi-Native Perpetual Contract Trading Platform: Liquid, Safer, and Faster. It provides the best liquidity on Base! JOJO developed Smart Contract Order (SCO) to create a hybrid liquidity mode that integrates every conceivable liquidity model. Currently, JOJO has established an order book featuring off-chain matching and on-chain settlement with SCO. This approach guarantees rapid and efficient trade execution without the centralized risk of data manipulation. Moreover, JOJO can provide up to 1000x leverage on BTC, ETH, etc. JOJO has a fee structure with a low transaction fee of -0.01% for making orders and 0.03% for taking orders. This is significantly lower than the fees charged by other exchanges in the market. In centralized exchanges, you typically need to reach a trading volume of one billion US dollars to obtain such favorable rates. However, no matter how much you trade at JOJO, you can always enjoy the best trading fee rate. JOJO introduced an innovative multi-collateral mechanism that supports many interest bearing asset such as LST, LRT, and various LP tokens as collateral. Users can earn profits while trading. This multi-collateral system is more flexible and efficient than CEX. It does not automatically convert your collateral but uses a floating interest rate to adjust the proportions of multiple collaterals. JOJO uses a cross-margin system in which all positions share the same margin account, which can increase capital efficiency. Traders can potentially open more prominent positions than applying an isolated margin, which only uses the collateral allocated explicitly to each position. JOJO has designed a contract to enable traders to create multiple trading accounts where the user's wallet address is the contract's owner. The design of subaccounts is very flexible and is more suitable for experienced traders who need to apply multiple trading strategies, frequently trade multiple currencies, need asset risk isolation, or use asset management services, as well as users with copy trading needs.
