The world’s leading cryptocurrency exchange and Web3 company Bitget has announced the upcoming token sale for Jambo, the largest on-chain mobile network globally, 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 access to decentralized services.
As a global leader in the blockchain ecosystem, Jambo’s $99 crypto-native smartphone, JamboPhone, is expected to sell over 700,000 units in 2024, dedicated to bringing Web3 technology to emerging markets. The satellite launch initiative is a significant step towards further vertically integrating borderless data usage capabilities, providing broader connectivity support to global JamboPhone users.
JamboPhone is a high-spec, affordable device with built-in Web3 applications, enabling users to engage in decentralized finance (DeFi), gaming, and earning opportunities. Through the satellite launch initiative, Jambo elevates its ecosystem to new heights, ensuring that users can continuously access data services even in remote areas with limited network connectivity.
LaunchX is Bitget’s token issuance platform, providing users with the opportunity to participate in early-stage cryptocurrency projects with strong foundations and innovative goals. By participating in LaunchX, users gain access to tokens with unlimited potential while contributing to the development of revolutionary technologies.
Gracy Chen, CEO of Bitget, stated, “Jambo’s vision of connecting the world through blockchain and mobile innovation perfectly aligns with our commitment to supporting revolutionary projects. By promoting Jambo’s satellite initiative through LaunchX, we hope to assist in bridging the digital divide and unlocking the potential of Web3 in emerging markets. This embodies Bitget’s dedication to creating long-term value for the global crypto ecosystem.”
Jambo’s satellite launch is an ambitious plan aimed at vertically integrating its connectivity infrastructure. This initiative seeks to provide stable internet connections to over 3 billion people worldwide who are unable to access the internet, promoting the adoption of cryptocurrency through consistent data usage and meeting the growing demands of a decentralized world.
Jambo ($J) is the second project launched on Bitget LaunchX, following the successful launch of Fuel Network ($FUEL), which raised $5.5 million with a strong response, attracting 141,430 participants who contributed over 400 million USDT. The Jambo ($J) token is at the core of the Jambo ecosystem, offering rewards, discounts, and dividends, driving 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 users in over 100 countries and regions, helping more than 45 million users achieve trading “intelligence” through various trading 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 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 Olympic athlete partners such as wrestling world champion Buse Tosun Çavuşoğlu, boxing gold medalist Samet Gümüş, and national volleyball team member İlkin Aydın.
This article is provided by the official source and does not represent the position or investment advice of this site. Readers are advised to conduct their own due diligence.
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