Cryptocurrency exchange Bitget has announced a new event on its LaunchX token platform to back Jambo, an innovative on-chain mobile network. Jambo, known for its $99 crypto-native smartphones, aims to launch a satellite initiative to provide global data access for its users and expand decentralized services.
Bitget’s goal is to raise $5 million through token sales for the ambitious project. Jambo has emerged as a notable player in the blockchain ecosystem. Its flagship product, the JamboPhone, sold an impressive 700,000 units in 2024.
This accomplishment highlights its growing role in connecting emerging markets to Web3 technologies. According to the planned satellite program, JamboPhones will have better connections even where there is little access to the internet thus improving the extendibility of the business.
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Satellite Connectivity to Drive Web3 Access
Jambo’s satellite program will support its users by ensuring uninterrupted access to decentralized finance (DeFi), blockchain gaming, and earning opportunities. Inspired by Web3-enabled smartphones, Jambo cannot only generally help various blockchain solutions achieve greater scalability but also make further preparations for the future development of Web3 smartphones.
Technological developments of this nature are seen by analysts as specific and necessary for the expansion of the use of new technologies. This satellite program will complement JamboPhone and enhance its prospects to supply decentralized services irrespective of area.
The users will achieve boundary-less connectivity that enables them to participate in the decentralized economy. Because of the ownership of its connectivity network, Jambo can enable sophisticated blockchain uses, such as decentralized validators and P2P connectivity.
To that end, Bitget is emerging as a key player supporting Jambo’s mission. For the next phase of the company’s growth, LaunchX will allow users to invest in Jambo project tokens during the event.
Gracy Chen, CEO of Bitget said, that the prospect of Jambo’s goals is also in line with the values of innovation that Bitget promotes. She then added that the decision to host the initiative on LaunchX.net would ensure that digital inequalities are closed and Web3 opportunities are unleashed among especially disadvantaged markets.
Jambo’s CEO, James Zhang, highlighted the transformative potential of the satellite program. He noted that it would boost JamboPhone’s competitiveness and create new possibilities for blockchain-based mobile applications.
Conclusion
Bitget’s LaunchX event marks a significant collaboration aimed at advancing Web3 technologies. With its satellite program, Jambo is poised to reshape connectivity and expand access to decentralized services globally.
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