⚗️STIP

The Arbitrum DAO has accepted the Backfund Successful Proposal under the S.T.I.P. program. The 200,000 tokens claimed by JOJO will be used to support their growth and the growth of the Arbitrum DeFi ecosystem.

Read on for an overview of the Backfund Successful Proposal and JOJO’s S.T.I.P Proposal, as well as details of the incentives.

The abstract of incentive distribution in JOJO’s S.T.I.P Proposal:

All of our grant funding will be dedicated to effectively incentivizing the acquisition of new users and driving growth in trading volume both on Arbitrum and JOJO through a variety of targeted campaigns.

1. Airdrop for users who are the first time on Arbitrum - 40% of $ARB grant

   JOJO offers liquidity, low fees, and a top-of-the-line matching engine, with professional features like sub-accounts and grid trading. We’re bringing people into the decentralized exchange space with our first airdrop from the Arbitrum ecosystem project.

   Our mission is to provide a trustworthy gateway to the Arbitrum ecosystem, powered by JOJO while leveraging perpdex and 40% $ARB rewards to incentivize new users. We will implement a set of criteria to encourage new user activities. With our platform, they can experience the benefits of decentralized exchanges in a secure and transparent trading environment and increase their potential for profits.

2. Orderbook pool incentive - 40% of $ARB grant

   JOJO offers 7 permanent trading pairs. Monthly $ARB bonus distribution in order book pools is based on each pair’s trading volume. We give our users 40% of the $ARB profit earned by the protocol as a thank-you for their trust. Traders in a pool receive a share of the $ARB bonus as a prize.

3. Trading fee rebate - 15% of $ARB grant

   JOJO offers a 15% rebate on fees in $ARB to our valued users. We ensure that all Arbitrum traders have access to this advantage, regardless of their trading frequency or transaction fees.

4. “JOJO’s Bizarre Adventure” campaign - 5% of $ARB grant

   We launched a campaign with 12 quests to promote JOJO’s features and boost engagement on Arbitrum. Our evolving points and rebate system will offer great benefits to users who explore JOJO’s functionalities.

JOJO has organized an incentive event with a total prize pool of 200,000 $ARB based on the targeted campaigns above, and the event details are as follows.

The incentive event consists of four sections, which will run simultaneously. The $ARB rewards for all participants will be distributed after the allocation is completed. The entire event starts on Feb.10 and is estimated to last for 45 days.

Overall Rules

• The event data will be updated every day at 00:00.

• The distribution will stop once all 200,000 $ARB tokens are distributed.

• The event page will display the amount you can claim, but all $ARB rewards can only be claimed after the event has ended.

• If a user earns $ARB through the JOJO event but fails to claim it before March 29th, we will automatically send the corresponding amount of $ARB to the address used for participating in the event.

• JOJO's sub-account feature allows users to create multiple sub-accounts under one main account for convenient fund management, strategy experimentation, and risk isolation. JOJO calculates the trading volume by considering the independent wallet addresses. The main account and sub-accounts are combined for calculation. For instance, if a user's main account and sub-account complete the check-in for Event 1 on a certain day, they will only receive 60 $ARB.

Event 1: Daily Trading Check-in

Prize Pool: 80,000 $ARB

Settlement period: Bi-weekly

Event 1

We will allocate 80,000 $ARB based on a set of criteria to encourage JOJOers’ activities, and measurements include TVL on the multi-collateral system, trading volume, and the number of trades made on JOJO. We will check the eligibility for the accounts at the end of the incentive campaign and distribute rewards.

Complete Task 1 to get 10 ARB.

Complete Task 2 to get 20 ARB.

Complete Task 3 to get 10 ARB.

Complete Task 4 to get 20 ARB.

Each person can earn a maximum of 60 $ARB per day.

Distribution will stop once 80,000 tokens are distributed.

Event 2: Trading Mining

Prize Pool: 80,000 $ARB

Settlement period: Bi-weekly

Event 2

We will allocate $80,000 $ARB to our seven trading pairs’ order book pool. The trading pair that gets more trading volume will be entitled to more $ARB and split by JOJOers who contribute to the trading volume of that trading pair. In other words, JOJOers could team up with other JOJOers in the community and boost the rank of a specific trading pair to secure a higher reward. We hope this design can bring healthy community competition and generate more activities on the Arbitrum network.

JOJO has seven trading pairs, including BTC/USDC, ETH/USDC, ARB/USDC, SOL/USDC, LINK/USDC, MEME/USDC, and ORDI/USD. We will allocate the weekly quota of $ARB based on the trading volume of each pair for each epoch and then distribute rewards based on the trading volume contributed by users to that pair. Distribution will stop once 80,000 tokens are distributed.

Trading Pairs	Epoch 1	ARB Share(Epoch 1)	Epoch 2	ARB Share(Epoch 2)	Epoch 3	ARB Share(Epoch 3)	Epoch 4	ARB Share(Epoch 4)
-	Feb.10 2024-Feb.17 2024	-	Feb.18 2024-Feb.25 2024	-	Feb.26 2024-Mar.4 2024	-	Mar.5 2024-Mar.12 2024	-
BTC/USDC	6000 $ARB	7.5%	6000 $ARB	7.5%	6000 $ARB	7.5%	6000 $ARB	7.5%
ETH/USDC	4000 $ARB	5%	4000 $ARB	5%	4000 $ARB	5%	4000 $ARB	5%
SOL/USDC	4000 $ARB	5%	4000 $ARB	5%	4000 $ARB	5%	4000 $ARB	5%
ARB/USDC	2000 $ARB	2.5%	2000 $ARB	2.5%	2000 $ARB	2.5%	2000 $ARB	2.5%
ORDI/USDC	2000 $ARB	2.5%	2000 $ARB	2.5%	2000 $ARB	2.5%	2000 $ARB	2.5%
LINK/USDC	1000 $ARB	1.25%	1000 $ARB	1.25%	1000 $ARB	1.25%	1000 $ARB	1.25%
MEME/USDC	1000 $ARB	1.25%	1000 $ARB	1.25%	1000 $ARB	1.25%	1000 $ARB	1.25%
In Total	20,000 $ARB	25%	20,000 $ARB	25%	20,000 $ARB	25%	20,000 $ARB	25%

Event 3: Auto Transaction Fee Rebate

Prize Pool: 30,000 $ARB

Settlement period: Bi-weekly

Event 3

We will allocate 30,000 $ARB as a trading fee rebate for JOJOers. We want to express our appreciation to our dedicated users by offering them a refund of their fees. Additionally, we strive to motivate new users to participate in trading on JOJO.

The fee rebate is automatically settled, and the system will automatically settle the fee rebate for you based on the trading fees you incur on JOJO. If the protocol trading fee of JOJO for the month exceeds 7500 $ARB, the trading fee rebate will be evenly distributed among all users. If the protocol trading fee of JOJO for the month is less than 7500 $ARB, the remaining $ARB budget will be reallocated to Event 1. Distribution will stop once 30,000 tokens are distributed.

Event 4: JOJO’s Bizarre Adventure

Prize Pool: 10,000 $ARB

Settlement period: Bi-weekly

Event 4

What exactly is the use of JOJO's Bizarre Adventure points? Well, if you know, you know...they are very useful…in a certain way!! Wink wink ;)

We will distribute the 10,000 $ARB to the campaign participants after the incentive period, based on the number of quests they have finished and the total points they have collected. Distribution will stop once 10,000 tokens are distributed.

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Attention and Service Agreement

'Backfund Successful Proposal' as part of the Arbitrum DAO's S.T.I.P. program allocation, the implementation of the reward terms is fully determined by its administrators. JOJO reserves the right to modify the activities and allocation details listed in this document at any time under the premise of fair distribution and completion of all rewards within the specified time frame.

JOJO reserves the right to cancel user participation under the following circumstances: brushing, batch registration of accounts, market manipulation, etc.;

JOJO reserves the right to interpret this activity.

Risk Warning

Please be aware that participating in digital currency contracts, including buying, selling, holding, and trading, is a high-risk venture in the market. The volatile nature of digital currency prices can expose individual investors to significant risks. It is important to note that JOJO is not liable for any losses or risks arising from personal purchases, sales, holding, or trading of digital currencies.