Bitget Partners with Jambo for $5 Million Satellite Launch Initiative
Bitget has partnered with Jambo, an on-chain mobile network, to support a $5 million fundraising for a satellite launch initiative via its LaunchX platform. The goal is to provide decentralized services globally.
The JamboPhone
- JamboPhone: A $99 crypto-native smartphone.
- Over 700,000 units sold in 2024.
- Enables access to decentralized finance, gaming, and earning opportunities.
- Aims to provide internet access to over 3 billion people lacking reliable connectivity.
- Satellite program will ensure seamless data access for users in remote areas.
CEO James Zhang stated this initiative enhances the JamboPhone's competitiveness and blockchain mobile applications.
Bitget LaunchX
- Jambo utilizes Bitget’s LaunchX for funding.
- LaunchX connects investors with innovative projects.
- Jambo (J) token will reward users and facilitate transactions within its ecosystem.
- Previous successful projects on LaunchX include Fuel Network's $5.5 million token sale.
Industry Trend
Jambo's efforts reflect a broader trend toward expanding access to decentralized technologies and blockchain services. Other companies like Starlink, Helium Network, and Amazon's Project Kuiper are also working to enhance global connectivity.