Bitget LaunchX to Support Jambo’s $5 Million Fundraising ; Introduces First Crypto Space Program

Bitget, a leading cryptocurrency exchange and Web3 company announced the upcoming LaunchX event for Jambo. Notably, Jambo is the world’s largest on-chain mobile network.

Jambo aims to raise $5 million through a token sale on Bitget LaunchX . The initiative is taken to raise fund for its satellite launch program. This is designed to connect a global network of JamboPhones and expand access to decentralized services. 

Bitget collaborates with LaunchX: A new space era

The satellite program is the next step to vertically integrate borderless data access to JamboPhone users globally.

Currently, Jambo is a global leader in the blockchain ecosystem. All thanks to its $99 crypto-native smartphone, the JamboPhone. More than 700,000 units have been sold in 2024 alone, bringing the company at the forefront.

The JamboPhone is an affordable, high-spec device pre-installed with Web3 applications, enabling users to engage in decentralized finance, gaming, and earning opportunities. With its satellite program, Jambo plans to secure uninterrupted user data access, even in remote areas with limited internet connectivity.

LaunchX is Bitget’s premier token launch platform. These allows users to get early-stage crypto projects with innovative goals. By participating in LaunchX, users not only gain access to promising tokens but also contribute to the advancement of new technologies.

The program aims to provide reliable internet access to over 3 billion people who currently lack connectivity. It also aims to provide the following goals:

Empower crypto adoption through consistent data access

Future-proof its network for the growing demands of the decentralized world. 

“By owning our connectivity infrastructure, we can ensure that our users always stay connected to the decentralized economy,” James Zhang, CEO of Jambo, said. Moreover, the new program creates new possibilities for blockchain-based mobile applications.

Jambo ($J) is the second project featured on Bitget LaunchX. This comes after the launch of Fuel Network ($FUEL), which raised $5.5 million. It achieved a total commitment of over 400 million USDT from 141,430 participants. 

Published on: Friday, January 17, 2025, 04:46 PM IST