TL;DR

Bitget partners with Jambo to launch a satellite, aiming to provide decentralized internet access to over 3 billion people in emerging markets.
Jambo plans to raise $5 million through a token sale on Bitget’s LaunchX platform to fund the satellite program and integrate blockchain communication hardware.
The satellite initiative will enhance connectivity, empower crypto adoption, and future-proof Jambo’s network for the growing demands of the decentralized world.

Bitget, a leading crypto exchange, and Web3 company, has announced a groundbreaking partnership with Jambo, the world’s largest on-chain mobile network, to launch a satellite aimed at expanding decentralized access in emerging markets. This ambitious initiative seeks to bridge the digital divide and provide reliable internet connectivity to over 3 billion people who currently lack access.

Fundraising and Token Sale

To fund this satellite launch, Jambo aims to raise $5 million through a token sale on Bitget’s premier token launch platform, LaunchX.

The token sale will feature Jambo’s native token, $J, which lies at the heart of its DeFi ecosystem. The funds raised will be used to support the satellite program and further integrate Jambo’s blockchain communication hardware.

Enhancing Connectivity and Blockchain Adoption

The satellite program represents the next phase in Jambo’s mission to vertically integrate its connectivity infrastructure. By owning its connectivity infrastructure, Jambo can ensure uninterrupted user data access, even in remote areas with limited internet connectivity.

This initiative is expected to empower crypto adoption through consistent data access and future-proof Jambo’s network for the growing demands of the decentralized world.

Strategic Vision and Market Impact

Gracy Chen, CEO of Bitget, emphasized the strategic alignment between Bitget and Jambo.

“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,” Chen stated.

James Zhang, CEO of Jambo, highlighted the significance of the satellite launch for Jambo’s ecosystem.

“By owning our connectivity infrastructure, we can ensure that our users always stay connected to the decentralized economy. 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,” Zhang explained.

Future Prospects

The partnership between Bitget and Jambo is poised to make a significant impact on the blockchain and telecommunications industries. With the satellite launch, Jambo aims to provide reliable internet access to underserved regions, thereby fostering greater blockchain adoption and innovation.

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Filed under: News - @ January 17, 2025 2:21 pm