From May 23rd, we officially list JUMBO Token (JUMBO) on the ONUS application. Soon after JUMBO is added, users can perform the following features:
- Off-chain transactions: Send and receive JUMBO with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to JUMBO and vice versa.
About Jumbo Exchange
Jumbo is a DEX AMM on NEAR Protocol, designed to be friendly and straightforward to help investors trade easily. Thanks to various aspects of NEAR Blockchain and proprietary algorithms, Jumbo works seamlessly meaning each interaction with the exchange is supplemented with immediate visual feedback and appropriate instructions. Jumbo is also the first and only DEX today equipped with anti-money laundering technology thanks to its integration with HAPI’s on-chain security.
Main features of Jumbo Exchange:
- Swap: Jumbo utilizes a familiar structure of swapping and incentivization of liquidity-providing that rewards users proportionally from trading fees.
- Liquidity Pools: Permissionless liquidity pools enable anyone to create and establish a liquidity pool for a specific asset without a need for any third party’s confirmation.
- On-the-fly Pool Transition: This is a handy tool that will facilitate higher earnings from each pool by changing to the most profitable one on the fly without imposing egregious fees because of the predictable pricing schema of Near Blockchain.
- Smart Pools: Smart Pool is the two-branch algorithm-based system that enables a highly convenient way to provide liquidity. Smart Pools are a set of functionalities and interface-embedded constituents that help to detect the most promising pools.
- Jets: Jets represent the interface layer that notifies a potential avenue for liquidity-providing. Essentially, Jets conveniently displays the most promising pools based on the correlative factor of Volume to Liquidity.
What is JUMBO Token?
JUMBO is a native token of the Jumbo Exchange and can be used to:
- Governance: Allows community members to influence the axis of development of the project by instituting proposals and voting on their enactment.
- Incentivization: Includes activities that generally involve community engagement and enlarging the scope of influence of the project. This can include the distribution of tokens through various incentivizing events or third-party cooperation that positively influences the target group of the project.
- Name: JUMBO Token
- Symbol: JUMBO
- Type: Governance Token
- Total Supply: 10,000,000 JUMBO