The world’s leading cryptocurrency exchange, in partnership with Web3 company Bitget, has announced an upcoming token sale event for Jambo, the largest on-chain mobile network, on its LaunchX platform. Jambo plans to raise $5 million through this token sale to support its satellite launch initiative, aimed at connecting the global JamboPhone network and expanding the use of decentralized services.
As a global leader in the blockchain ecosystem, Jambo’s $99 crypto-native smartphone, the JamboPhone, aims to sell over 700,000 units in 2024, bringing Web3 technology to emerging markets. This satellite launch initiative represents a significant step towards further vertical integration of borderless data usage capabilities, providing broader connectivity support for global JamboPhone users.
The JamboPhone is a high-spec, affordable device featuring built-in Web3 applications, enabling users to participate in decentralized finance (DeFi), gaming, and earning opportunities. Through the satellite launch initiative, Jambo elevates its ecosystem to new heights, ensuring that users in remote areas with limited network connectivity can continuously access data services.
LaunchX is Bitget’s token issuance platform that provides users with the opportunity to participate in early-stage crypto projects with strong fundamentals and innovative goals. By engaging with LaunchX, users not only gain access to potentially limitless tokens but also contribute to the development of revolutionary technologies.
Gracy Chen, CEO of Bitget, stated, “Jambo’s vision to connect the world through blockchain and mobile innovation perfectly aligns with our mission to support revolutionary projects. By promoting Jambo’s satellite initiative through LaunchX, we hope to assist in bridging the digital divide and unlocking the potential of Web3 in emerging markets. This fully embodies Bitget’s commitment to creating long-term value for the global crypto ecosystem.”
Jambo’s satellite launch is an ambitious plan aimed at vertically integrating its connectivity infrastructure. The initiative aims to provide stable internet connections for over 3 billion people globally who lack internet access, promoting the adoption of cryptocurrency through stable data usage, thereby meeting the growing demand of a decentralized world.
Jambo ($J) is the second project launched on Bitget LaunchX, following the successful launch of Fuel Network ($FUEL), which raised $5.5 million with enthusiastic participation from 141,430 participants contributing over 400 million USDT. The Jambo ($J) token is central to the Jambo ecosystem, offering rewards, discounts, and dividends, driving the company’s vision of a decentralized economy.
About Bitget
Founded in 2018, Bitget is a leading global cryptocurrency trading platform and Web3 company. Currently, Bitget serves over 100 countries and regions, helping more than 45 million users achieve “intelligent” trading through various solutions, including leading copy trading services. The Bitget Wallet, formerly known as BitKeep, is a world-class multi-chain cryptocurrency wallet that offers a range of Web3 solutions and interactive features, integrating wallet, Swap, NFT marketplace, DApp browser, and more. Bitget encourages individuals to embrace cryptocurrency through partnerships with trusted entities, including being the official cryptocurrency partner of La Liga in East Asia, Southeast Asia, and Latin America, as well as collaborations with Olympic athletes like wrestling world champion Buse Tosun Çavuşoğlu, boxing gold medalist Samet Gümüş, and national volleyball team member İlkin Aydın.
This article is provided by official sources and does not represent the stance or investment advice of this site. Readers are advised to conduct their own careful evaluations.