Leading global cryptocurrency exchange and Web3 company Bitget has announced the upcoming token sale event for Jambo, the world’s 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 usage of decentralized services.
As a global leader in the blockchain ecosystem, Jambo’s $99 crypto-native smartphone, the JamboPhone, is projected to sell over 700,000 units in 2024, dedicated to bringing Web3 technology to emerging markets. The satellite launch initiative represents a significant step towards further vertical integration of borderless data usage capabilities, providing broader connectivity support for JamboPhone users worldwide.
The JamboPhone is a high-spec, affordable device equipped with Web3 applications, enabling users to engage in decentralized finance (DeFi), gaming, and earning opportunities. Through the satellite launch initiative, Jambo elevates its ecosystem to new heights, ensuring that users in remote areas with limited network connectivity can continuously access data services.
LaunchX is Bitget’s token issuance platform, offering users the opportunity to participate in early-stage crypto projects with strong foundations and innovative goals. By engaging with LaunchX, users not only gain access to tokens with unlimited potential but also contribute to the development of revolutionary technology.
Gracy Chen, CEO of Bitget, stated, “Jambo’s vision of connecting the world through blockchain and mobile innovation perfectly aligns with our commitment to supporting revolutionary projects. By advancing Jambo’s satellite initiative through LaunchX, we hope to assist in bridging the digital divide and unlocking Web3’s potential in emerging markets. This embodies Bitget’s dedication to creating long-term value for the global crypto ecosystem.”
Jambo’s satellite launch is an ambitious plan aimed at vertically integrating its connectivity infrastructure. The initiative seeks to provide stable internet connections for over 3 billion people worldwide who lack internet access, promoting cryptocurrency adoption through reliable data usage, and meeting the growing demand of the decentralized world.
Jambo ($J) is the second project launched on Bitget LaunchX, following the successful launch of Fuel Network ($FUEL), which raised $5.5 million and attracted 141,430 participants contributing over 400 million USDT. The Jambo ($J) token is central to the Jambo ecosystem, offering rewards, discounts, and dividends to drive the decentralized economy envisioned by the company.
About Bitget
Founded in 2018, Bitget is a leading cryptocurrency trading platform and Web3 company. Currently, Bitget serves over 100 countries and regions worldwide, helping over 45 million users achieve “intelligent” trading through various trading solutions, including leading copy trading services. The Bitget Wallet, formerly known as BitKeep, is a world-class multi-chain cryptocurrency wallet offering 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 collaborators, including being the official cryptocurrency partner of the top professional football league La Liga in East Asia, Southeast Asia, and Latin America, as well as with Olympic athletes such as wrestling world champion Buse Tosun Çavuşoğlu, boxing gold medalist Samet Gümüş, and national volleyball team member İlkin Aydın.
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