JOJO Exchange: DeFi-Native Perpetual Contract Trading Platform

In the world of decentralized finance (DeFi), innovation knows no bounds. Meet JOJO, the groundbreaking decentralized perpetual contract trading platform that is changing the game. Let’s delve into what JOJO is all about and uncover its unique features that set it apart.

I. What is JOJO?

JOJO is not just another trading platform; it’s a decentralized perpetual contract trading platform that prioritizes innovation and user-centricity. At its core, JOJO operates on an off-chain matching and on-chain settlement order book model. This unique approach offers traders the best of both worlds: high efficiency and composability.

The mission of JOJO is simple yet powerful: to establish an honest, professional, and transparent Perpetual Contract for Layer2 DeFi enthusiasts. This means creating a straightforward way to trade that eliminates the risks associated with centralization.

But what sets JOJO apart from the crowd? Let’s dive into its standout features that are capturing the attention of crypto enthusiasts and professional traders alike.

II. The Unique Features of JOJO

JOJO distinguishes itself through a range of innovative features that cater to the needs of traders and investors. Let’s explore the unique features in a simple and easy-to-understand manner:

• Hybrid Order Book Model: JOJO adopts an off-chain matching and on-chain settlement order book model, ensuring high liquidity, low slippage, and composability for smart contracts.
• Cross-Mode: The cross-mode reduces liquidation risk by converting all assets into margin, making trading safer and more efficient.
• Subaccounts: JOJO allows users to create multiple wallets for sub-account functionality, perfect for diverse trading strategies and risk isolation.
• Fully Decentralized Liquidation Mechanism: JOJO’s liquidation process is decentralized, promoting market stability and reducing bad debt risk.
• Lowest Trading Fees: JOJO offers the lowest trading fees, with no gas fees for on-chain confirmations and no borrowing fees.
• 0-Interest Lending with Multi-Collateral System: JOJO allows borrowing stablecoins without high-interest rates, enhancing capital utilization.

III. System Architecture Overview

JOJO’s heart beats with an off-chain matching and on-chain settlement order book model. This blend brings together efficiency and security, setting the stage for the unique JOJO experience.

Every transaction, every move, all on-chain. JOJO’s fully decentralized on-chain system ensures the safety of user assets. Say goodbye to centralization risks; JOJO’s got your back.

JOJO unleashes the power of sub-accounts and multi-assets collateral functions. Whether you’re a trading guru or a beginner, you’re covered. Manage your positions with safety and flexibility.

<JOJO’s technical architecture components>

• Web/Mobile App: The user-friendly frontend interface through which traders interact with the JOJO platform. Traders can access real-time market data, manage their trades, and execute transactions using REST and WebSocket requests.
• Off-chain System: The backend infrastructure responsible for trade verification, matching, indexing, and data retrieval. It supports the trading function, indexing function, and query function.
• On-chain Trading System: This encompasses two core components, the smart-contract-EVM and JUSDV1. These contracts facilitate trading, liquidation, funding rate maintenance, and subaccount management on the blockchain.
• Oracle Adapter: JOJO’s oracle adaptor integrates data from multiple sources, including Chainlink, Uniswap, and its self-built oracle. This ensures accurate and reliable price feeds for optimal trading.

<Component in detail>

Central to JOJO’s innovative trading ecosystem are two fundamental pillars that not only empower its functionality and user experience but also serve as the very backbone of the platform, rendering them remarkably crucial.

Now, let’s take a closer look at these pivotal components that form the bedrock of JOJO’s prowess:

1. Smart-contract-EVM: The Trading System

• JOJO Dealer: Facilitates user trades on-chain, including opening positions, executing liquidations, and maintaining funding rates.
• Liquidation Mechanism: Manages the liquidation of high-risk positions, ensuring platform stability.
• Funding Rate Maintenance: Ensures accurate funding rates by adjusting contract prices based on underlying asset index prices.
• Subaccount Factory: Allows users to create sub-accounts for enhanced risk management and trading flexibility.

2. JUSDV1: The Multi-Assets Collateral System

• JUSD: Used for stablecoin collateral in the multi-assets collateral system.
• Multi-Assets Collateral System: Enables users to deposit non-stablecoin assets (e.g., BTC, ETH) and borrow JUSD at 0% interest for trading.
• JUSDBank: Allows users to deposit ERC20 tokens and borrow JUSD as margin for trading.

Incorporating these robust elements, JOJO not only redefines the landscape of perpetual contract trading but also places the user at the forefront, offering unparalleled opportunities and flexibility in the decentralized financial realm. As JOJO continues to evolve and innovate, these foundational pillars remain unwavering, driving its commitment to excellence and pushing the boundaries of decentralized trading possibilities.

IV. Token Information

Regarding token information, JOJO has an exciting credit system in the works, so keep your eyes peeled!

V. Roadmap

JOJO’s journey so far has been impressive. From its inception to the current moment, the JOJO team’s roadmap reflects their commitment to constant improvement and decentralization.

The planned launch of a governance token to decentralize decision-making highlights their commitment to involving the community. As they continue their journey, the future holds the promise of even greater achievements and groundbreaking advancements.

VI. Social Media

• Website: https://jojo.exchange/
• Twitter: https://twitter.com/jojo_exchange
• Discord: https://discord.com/invite/jojoexchange
• Docs: https://about.jojo.exchange/jojo/jojo-exchange/overview

VII. Conclusion

The future potential of JOJO is remarkably promising. With its decentralized perpetual contract trading model and non-custodial approach, JOJO has established a robust platform for professional traders and DeFi users. The combination of diverse price data sources and decentralized market mechanisms holds the potential for transparency and strong performance for users.

The planned issuance of a governance token in the future also demonstrates JOJO’s commitment to involving the community in decision-making, fostering an interactive and collaborative development environment. The ability to expand and integrate additional features, such as a decentralized insurance system and decentralized market-making, will bring diversity and favorable conditions for users participating in the platform.

With a visionary outlook and unwavering commitment from the development team, JOJO has the potential to excel further in the non-custodial perpetual contract trading market and contribute to the advancement of decentralized financial systems. However, as with any project, successful execution depends on various factors, including how technical challenges are addressed, community feedback, and the overall market landscape.

Disclaimer: The information in this article is not investment advice from CryptoChill. Overall, cryptocurrencies always carry many financial risks. Therefore, do your own research before making any investment decisions based on this website’s information.