Leading cryptocurrency exchange Bitget has announced its collaboration with Jambo, an on-chain mobile network, for a brand new satellite launch project.
According to the announcement made by the company, Jambo is planning to offer uninterrupted decentralized services globally via a $5 million token sale on the Bitget’s LaunchX platform.
The JamboPhone: A $99 Gateway to Web3
As an analyst, I find myself captivated by the heart of Jambo’s mission: the JamboPhone, a $99 smartphone that has stirred intrigue within the industry. In the year 2024, over 700,000 units of this device were sold, transforming it from merely a gadget into something more profound. The JamboPhone serves as a passageway to the realm of decentralized finance (DeFi), gaming, and income-generating possibilities.
This advanced gadget, loaded with applications based on Web3 technology, offers individuals in developing regions an unparalleled opportunity to participate in the digital economy. Regrettably, approximately 3 billion people globally struggle with consistent internet connectivity.
Jambo’s satellite initiative strives to alter the situation by offering boundary-free, continuous data service to its customers. These satellites will guarantee smooth data connectivity for JamboPhone users, even in isolated regions where conventional internet is inaccessible.
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Jambo’s satellite project intends to transform things by supplying borderless, non-stop data for its clients. The satellites will ensure uninterrupted data access for JamboPhone users, even in areas far from traditional internet coverage.
According to James Zhang, CEO of Jambo, this project not only enhances the competitiveness of JamboPhone, but it additionally provides opportunities for innovative mobile apps utilizing blockchain technology.
Bitget LaunchX: The Launchpad for Big Ideas
To finance this project, Jambo is utilizing Bitget’s LaunchX platform. This platform offers users an opportunity to invest in promising tokens early on. Bitget’s LaunchX is renowned for linking investors with innovative ideas that bring about change, and Jambo aligns perfectly with this profile.
Gracy Chen, the CEO of Bitget, stated that Jambo’s objectives are in line with Bitget’s purpose. She elaborated that Jambo’s emphasis on blockchain and mobile technology is consistent with Bitget’s intentions to back projects that provide long-term value within the crypto sphere.
Hi there! Jambo’s satellite launch isn’t merely for connectivity purposes; it aims to establish a self-supporting environment. The core of this ecosystem revolves around the Jambo (J) token. This token plays a crucial role in powering the network by providing incentives, discounts, and payments, thereby fostering the decentralized economy as imagined by the company.
The Jambo (J) coin will energize this vision as it incentivizes users and facilitates transactions. Following the success of Bitget’s past initiatives such as the Fuel Network’s $5.5 million token sale, there is growing anticipation for Jambo’s debut on the LaunchX platform.
Via the LaunchX platform, this partnership aims to transform the way individuals tap into decentralized services, demonstrating the power of technology in bridging global connections.
A Broader Industry Trend
Jambo’s project aligns with a broader movement in technology. Its primary goal is to widen the availability of decentralized technologies and blockchain solutions.
As the curiosity about Web3 grows, companies are actively exploring methods to make these advanced technologies accessible to a wider audience, particularly those who currently struggle to get hold of them.
These companies such as Starlink by SpaceX, Helium Network, and World Mobile, along with others, are actively striving to offer cost-effective internet connections in regions that lack adequate service.
According to Coinspeaker’s report, Amazon.com Inc., a leading name in e-commerce, was one of the initial participants in a space satellite test for their Project Kuiper, which took place in 2023.
These initiatives, like Jambo’s, align with a growing movement aimed at enhancing worldwide interconnectedness and making blockchain technology accessible for everyone.
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2025-01-18 00:30