Bitget LaunchX to Support Jambo’s $5 Million Fundraising for Satellite Launch Program

Victoria, Seychelles, January 17, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, is proud to announce the upcoming LaunchX event for Jambo, the world’s largest on-chain mobile network. Jambo aims to raise $5 million through a token sale on Bitget LaunchX to fund its ambitious satellite launch program, an initiative designed to connect a global network of JamboPhones and expand access to decentralized services.

Jambo is a global frontrunner in the blockchain ecosystem with its $99 crypto-centric smartphone, the JamboPhone. Having sold more than 700,000 units just in 2024, the company leads the way in introducing Web3 technologies to developing markets. The satellite initiative is the subsequent step to seamlessly unify global data access for JamboPhone users.

The JamboPhone is a budget-friendly, high-spec gadget that comes with Web3 apps pre-installed, allowing users to participate in decentralized finance, gaming, and earning potentials. Through its satellite initiative, Jambo is elevating its ecosystem by ensuring continuous user data access, even in isolated regions with poor internet connectivity.

LaunchX is Bitget’s leading token launch platform, allowing users to engage with early-stage crypto initiatives that possess solid fundamentals and creative objectives. Through their involvement in LaunchX, participants not only access promising tokens but also help drive the progress of groundbreaking technologies.

Gracy Chen, CEO of Bitget, remarked: “Jambo’s vision of connecting the world through blockchain and mobile innovation aligns perfectly with our plan to support transformative projects. By facilitating Jambo’s satellite program through LaunchX, we aim to empower their efforts in bridging the digital divide and unlocking the potential of Web3 for emerging markets. This is a testament to Bitget’s commitment to enabling projects that drive long-term value for the global crypto ecosystem.”

Jambo’s satellite launch initiative represents a bold move to integrate its connectivity infrastructure vertically. The program seeks to provijde reliable internet access to over 3 billion people who currently lack connectivity, empower crypto adoption through consistent data access, and 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,” said James Zhang, CEO of Jambo. “The satellite program not only strengthens the JamboPhone’s competitive edge but also creates new possibilities for blockchain-based mobile applications, from decentralized validators to peer-to-peer networking.”

Jambo ($J) is the second project featured on Bitget LaunchX, following the successful launch of Fuel Network ($FUEL), which raised its target of $5.5 million with overwhelming interest, receiving a total commitment of over 400 million USDT from 141,430 participants.

The Jambo ($J) token lies at the heart of Jambo’s ecosystem, offering rewards, discounts, and payouts that fuel the decentralized economy envisioned by the company. Through Bitget LaunchX, users can join this pioneering initiative and be part of a journey that merges blockchain, hardware, and connectivity.

For more details on how to participate in the LaunchX event for Jambo, visit the link.

About Bitget

Founded in 2018, Bitget stands as the top cryptocurrency exchange and Web3 firm globally. With over 45 million users across more than 150 countries and regions, the Bitget exchange is dedicated to enabling users to trade more intelligently through its innovative copy trading feature and various trading solutions, while providing real-time access to Bitcoin prices, Ethereum prices, and other cryptocurrency prices. Previously called BitKeep, Bitget Wallet is a premier multi-chain cryptocurrency wallet that provides a wide range of complete Web3 solutions and capabilities such as wallet operations, token exchange, NFT Marketplace, DApp browser, and additional options.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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