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Decentralized perpetual exchange JOJO Exchange closed Seed funding round led by SevenX Ventures, with participation from Smrti Lab, Shadow Labs, Bitlink, PAKA, Clairvoyant Labs. Amount raised is not disclosed.

According to news on July 19, JOJO, the derivatives trading platform on the Base chain, completed a seed round of financing, led by SevenX Ventures, with participation from SmrtiLab, Shadow Labs, Bitlink, PAKA and Clairvoyant. According to reports, JOJO is led by DODO co-founder Radar Bear and former DDEX chief technology officer David. It integrates Turing-complete hybrid liquidity model, diversified asset pledge mining, quantitative trading robots, leverage trading up to 1,000 times, and automation. Funding rate arbitrage and other functions.