July 19, 2024
JOJO, a derivative trading platform for base chains, has successfully concluded its seed funding round. The round was spearheaded by SevenX Ventures, with contributions from SmrtiLab, Shadow Labs, Bitlink, PAKA, and Clairvoyant. The leadership of JOJO includes Radar Bear, co-founder of DODO, and David, the former CTO of DDEX.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
JOJO Exchange | July 19, 2024 | Seed Round | SevenX Ventures | Trading |
The platform is dedicated to establishing an open and highly liquid trading environment. It incorporates a Turing-complete hybrid liquidity model, diverse asset collateral mining, quantitative trading bots, leverage trading of up to 1000x, and automated funding rate arbitrage functions. JOJO's goal is to offer a wide range of services catering to users with varying risk preferences and to enhance the on-chain trading experience in the Base ecosystem.
About JOJO Exchange
JOJO is a decentralized perpetual contract trading platform that offers high security, transparency, deep liquidity, and high leverage. It is recognized as the largest decentralized perpetual exchange on Base.
The platform integrates a Turing-complete hybrid liquidity model, diversified asset collateral mining, quantitative trading robots, up to 1000x leverage trading, and automated funding rate arbitrage functions. It aims to provide comprehensive services for users with different risk preferences and bring a good on-chain trading experience to the Base ecosystem.
Website: https://jojo.exchange/
About Investor
Investor: SevenX Ventures
SevenX Ventures is a research-driven crypto venture capital firm founded in 2020. The name “SevenX” is inspired by the significance of the number seven in various cultures. In Eastern culture, Buddha takes seven steps, and the lotus blooms, while in Western culture, God took seven days to create the world. SevenX Ventures aims to bridge these different cultures and empower the future of blockchain.
The firm is led by a team of experienced professionals, including founding partners Jon, Eraser, and FC, along with investor Yinghao, researcher Hill, and others. They focus on researching and investing in blockchain and cryptocurrency projects, providing comprehensive support for projects and entrepreneurs.
Location: Singapore
Website: https://www.7xvc.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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