Original author: Kazmin
According to official news, Jambo (J) will be listed on Bitgets new token distribution platform LaunchX. The subscription price of Jambo (J) is $0.5, and the subscription time will start at 10:00 on January 20. The upper limit for individual participation is 2,000 BGB. After the subscription is completed, the J token will be officially traded on the Bitget spot market at 18:00 on January 22.
Jambo is the worlds leading on-chain mobile network provider. This time, it plans to promote its satellite launch plan through Bitget LaunchX to connect the global JamboPhone network and expand the coverage of decentralized services. As a crypto-native smartphone, JamboPhone has sold more than 700,000 units in 2024. This plan aims to further promote Jambos expansion in the fields of satellite communications and Web3 technology, especially to provide a wider range of decentralized services to emerging markets.
This article will introduce Jambo’s project background, development progress, financing situation, token economy and how to participate in its launch on Bitget LaunchX, and put forward views on its development prospects and risks to provide reference for readers.
1. Jambo Project Overview
Jambo Project Introduction
Jambo is an on-chain mobile network project, with its iconic product JamboPhone at its core, which aims to revolutionize the way people access the crypto industry and expose millions of people in emerging markets such as Latin America, Southeast Asia and Africa to Web3 technology. It prioritizes scalability, security and user accessibility, simplifies access to digital financial tools, and promotes creativity and community.
JamboPhone is a crypto-native mobile device that starts at only $99 and is equipped with a wealth of Web3 features, opening a convenient door to the Web3 world for users in emerging markets. From the promotional slogan The phone that pays you, it can be seen that JamboPhone uses the EarnDrop model as a selling point, and its goal is to bring the next 1 billion users to Web3 from emerging markets.
JamboPhone has a built-in multi-chain wallet that supports asset storage and management of multiple mainstream blockchains, allowing users to easily control their digital assets. It is also equipped with a DApp store, which brings together various high-quality decentralized applications, covering games, finance, social networking and other fields to meet the diverse needs of users. With these features, JamboPhone has successfully attracted millions of on-chain users and set off a Web3 craze in emerging markets. At present, Jambos hardware network has more than 700,000 mobile nodes, covering more than 120 countries and regions.
Team background and development history
Jambo co-founder and CEO James is from Zhejiang, China, and is the third generation to immigrate to Africa. At the age of 17, James went to New York University to study computer science, and got involved in the Crypto industry, accumulating investment experience and connections. His sister Alice graduated from Columbia University and has outstanding abilities in finance and business. As a co-founder, she provides support for Jambos financing and operations.
Jambo team members have diverse backgrounds. There are about 30 business developers responsible for market development and cooperation negotiations. They are familiar with the local business environment and cultural customs and can effectively establish cooperative relationships with local institutions and individuals. 10 operations staff guarantee the daily operation of the project and ensure the smooth development of various businesses. There are 16 engineers around the world who provide strong support for Jambos technical architecture and product development in the fields of blockchain and mobile application development.
James grew up in the Democratic Republic of the Congo, which is considered one of the most corrupt countries. He often has to travel in a bulletproof car and under the protection of bodyguards. The streets are full of danger. The economic order in the Democratic Republic of the Congo is in chaos, the banking system is sluggish, the efficiency of fund transfer is extremely low, and the foreign exchange business is full of obstacles, which seriously restricts the development of the local economy. In areas like Africa, 57% of the approximately 1.5 billion people do not have bank accounts, and almost half of them do not have smartphones (similarly, about 50% and 26% of the population in Southeast Asia and Latin America do not have bank accounts). It was this growing environment that gave James a deep insight into the many pain points in the financial field in these regions, which were later called emerging markets, and planted the seeds of inspiration for the establishment of the Jambo project in the future.
In 2021, James devoted himself to the Crypto field full-time and founded Jambo, aiming to solve the financial service problems of the unbanked population, and built a platform with the help of blockchain technology using mobile phones as the entry point. Jambo attracted many top investors such as Paradigm and Coinbase in its early days. In early 2022, it completed a $7.5 million seed round of financing, and in the same year, it completed a $30 million Series A financing to provide financial support for the project development.
In terms of product development, the JamboPhone created by the Jambo team has achieved certain results. In 2024, sales will exceed 700,000 units, and over 5 million wallets will be created (recently reaching over 7 million). Recently, Jambo and Coinbase announced a partnership, and the JamboPhone will have Coinbase Wallet built in by default, further improving the user experience and expanding the ecosystem.
Project Investors
Jambo’s ambitious vision has received strong support from some of the world’s most renowned venture capitalists. Jambo’s major investors include Paradigm, Pantera Capital, Delphi Ventures, Coinbase Ventures, Tiger Global, and others.
2. Detailed explanation of Jambo economic model
Basic information of tokens
Jambo Token (J) is the core of the Jambo ecosystem, connecting the entire ecosystem closely. The total supply of J is 1 billion, and the subscription price on Bitget LaunchX is $0.5.
Jambo will officially conduct a token generation event (TGE) in January 2025 and launch Solana. Solanas high throughput, low latency and low cost can bring a smooth experience to users. Reasonable total supply and initial price, as well as the combination with high-quality public chains, can give Jambo an advantage in the competition in the Web3 field, especially in emerging markets.
Token distribution mechanism
Jambos token distribution shows a clear goal orientation. Early contributors receive 30% of the tokens, and use the resource advantages of strategic partners and the professional capabilities of the technical team to lay a solid foundation for the project, and the lock-up period ensures their long-term investment. The community allocates 15% to encourage members to actively participate and promote ecological development with the cohesion and attractiveness of an active community. 10% of the airdrop is to attract new users such as Web3 enthusiasts and increase the attention of the project. 15% of the team is used to motivate members to strive for long-term goals and become the core driving force for the project to continue moving forward. 3% is given to liquidity providers and exchanges to ensure smooth and efficient market circulation. 27% of the fund pool focuses on providing financial support for technology research and development, market expansion, etc., and maintaining the stable operation of the project when risks arise to ensure the sustainable development of the project.
Token Economy
In the Jambo ecosystem, users can earn token rewards by completing Jambo Earn application tasks on the JamboPhone (such as experiencing partner applications and submitting proof), participating in online and offline community activities, and providing valuable feedback to the community. These mechanisms attract users to participate in ecosystem construction and increase product usage and user stickiness.
Jambo Token (J) has a wide range of payment scenarios within the platform. It can be used to purchase digital goods in JamboPhones DApp store, and can also be used for consumption and payment at offline partner merchants. Users holding this token can enjoy discounts when spending in JamboPhone applications and partner merchants, which increases users dependence on the ecosystem and promotes its circulation in the market.
3. Introduction to Jambo (J) gameplay on Bitget LaunchX
Jambo Token (J) subscription on Bitget LaunchX officially opens at 10:00 on January 20, 2025, with a subscription price of $0.5. The upper limit for individual participation in Jambo Token subscription is 2,000 BGB, and BGB must be used for subscription.
LaunchX Details
Currency name: Jambo (J)
Total Supply: 1,000,000,000 J
LaunchX Total Supply: 10,000,000 J (1% of total supply)
Fundraising goal: $5,000,000
Subscription price: 1 J=$ 0.5
Invested currency: BGB
The exchange rate of BGB to J: To be announced. (Bitget will take continuous snapshots of the spot price of BGB from 16:00 on January 17 to 10:00 on January 22 (UTC+ 8), and take the average price of BGB during the snapshot period as the snapshot price of BGB, which is used to calculate the ratio of BGB to J. The specific exchange ratio will be announced after the subscription period ends.)
Individual investment limit: 2,000 BGB
Minimum personal investment: 20 BGB
Subscription limit: 20,000 J
LaunchX Schedule
Subscription Process
Before the subscription period begins, users must ensure that they have a Bitget account and sufficient BGB.
The J token subscription officially started at 10:00 on January 20. After logging into your Bitget account, go to the LaunchX area to see the Jambo project introduction, subscription price, remaining subscription quantity and other information. Click the Jambo project subscription entrance to enter the subscription page.
On the subscription page, users enter the number of Jambo Tokens they want to subscribe to according to their investment plan, but be careful not to exceed the personal participation limit of 2000 BGB. After confirming that the subscription amount is correct, click Submit Subscription Application.
The system will check the users account balance to confirm that there is enough BGB for subscription. If the balance is insufficient, a recharge prompt will be displayed; if the balance is sufficient, the corresponding BGB will be deducted and a subscription order will be generated. Users can view the order status in the order record, such as submitted, confirmed, completed, etc.
Trading gameplay
Pre-market trading: Jambo Tokens pre-market trading has officially started at 23:00 (UTC+ 8) on January 15, 2025, and will end at 17:30 (UTC+ 8) on January 22. Investors can participate in Jambo Token trading in advance to seize market opportunities.
Spot trading: Jambo Token (J) will officially start trading on the Bitget spot market at 18:00 on January 22, 2025. At that time, you can go directly to the Bitget spot market to trade.
4. Market prospects and risks of the Jambo project
The Jambo project targets emerging markets and has great potential. About 3 billion people in emerging markets lack smartphones, and the demand for digital economy is increasing. The Internet penetration rate is rising, and some governments are promoting digital economy and introducing preferential policies. Local financial, entertainment, and educational resources are scarce, and JamboPhones multi-chain wallet, payment functions, and rich applications can meet the needs. Its next stage involves the next generation of DePIN use cases, which has huge room for imagination.
The Jambo project has unique competitive advantages. Technically, JamboPhone is equipped with advanced Web3 technology, and the multi-chain wallet supports a variety of mainstream blockchains, with configurations that bring an efficient experience. The product is affordable and designed to meet user needs. Close cooperation with local partners in the market has increased brand awareness and user stickiness. The development and popularization of Web3 technology brings opportunities, global recognition is increasing, and relevant national policies provide guarantees.
However, the intensified competition in the field of Web3 mobile infrastructure has impacted the sales of JamboPhone. It has the risk of technical failure, which may lead to the theft of user assets or information. The regulatory policies of the cryptocurrency industry are changing, and some countries restrict or prohibit transactions. Jambo needs to ensure compliance operations, otherwise it will face penalties and affect the development of the project.
V. Conclusion and Recommendations
The Jambo project has great potential in the field of Web3 mobile infrastructure. Through the token distribution mechanism, it encourages all parties to participate and builds a sustainable development ecosystem. The widespread application of tokens forms a good economic cycle, and will continue to shine in the DePIN field with the advantages of emerging markets. Looking to the future, with the popularization of Web3 technology and the growth of demand in emerging markets, Jambo has broad development space and is expected to expand its user base, optimize product functions, and launch new application services. The satellite launch plan will also enhance its competitiveness.
On the other hand, the project may also face market, technology and policy risks in the future. When investors participate, they can subscribe appropriately in the Bitget LaunchX subscription stage according to their own situation. After the listing, they need to pay attention to price fluctuations and conduct operations based on analysis. In terms of risk control, we must recognize the high risk of the cryptocurrency market, reasonably diversify investments, and pay attention to changes in technology and policies to adjust strategies.
