From smartphones to satellite launches: In-depth analysis of the Bitget LaunchX project Jambo

Author: Kazmin

According to official news, Jambo (J) will be launched on Bitget's new token distribution platform LaunchX. The subscription price for Jambo (J) is $0.5, and the subscription period will start on January 20 at 10:00 AM, with a personal participation limit of 2000 BGB. After the subscription is completed, the J token will officially start trading on the Bitget spot market on January 22 at 6:00 PM.

Jambo is a global leading on-chain mobile network provider, and this plan aims to promote its satellite launch program through Bitget LaunchX to connect the global JamboPhone network and expand the coverage of decentralized services. As a crypto-native smartphone, JamboPhone has already surpassed 700,000 units sold in 2024. This plan aims to further promote Jambo's expansion in the fields of satellite communication and Web3 technology, especially to provide broader decentralized services for emerging markets.

This article will introduce the project background, development process, financing situation, token economics of Jambo, and the participation method for the LaunchX launch on Bitget, as well as provide insights into its development prospects and risks for readers' reference.

I. Overview of the Jambo Project

Introduction to the Jambo Project

Jambo is an on-chain mobile network project centered around its flagship product, JamboPhone, aiming to revolutionize the way people access the crypto industry and allow millions in emerging markets such as Latin America, Southeast Asia, and Africa to engage with Web3 technology. It prioritizes scalability, security, and user accessibility, simplifying access to digital financial tools while fostering creativity and community.

JamboPhone, a crypto-native mobile device, starts at just $99 and is equipped with rich Web3 features, providing users in emerging markets with a convenient gateway to the Web3 world. The promotional slogan "The phone that pays you" highlights JamboPhone's selling point of the EarnDrop model, aiming to bring the next billion users to Web3 from emerging markets.

JamboPhone comes with a multi-chain wallet that supports the storage and management of assets from various mainstream blockchains, allowing users to easily control their digital assets. It also features a DApp store that gathers a variety of high-quality decentralized applications across multiple fields, including gaming, finance, and social networking, catering to users' diverse needs. With these features, JamboPhone has successfully attracted millions of on-chain users and sparked a Web3 craze in emerging markets. Currently, Jambo's hardware network has over 700,000 mobile nodes, covering more than 120 countries and regions.

Team Background and Development History

James, the co-founder and CEO of Jambo, hails from Zhejiang, China, and is a third-generation immigrant to Africa. He moved to New York University at the age of 17 to study computer science, entering the crypto industry and accumulating investment experience and connections. His sister, Alice, graduated from Columbia University and excels in finance and business, providing support for Jambo's financing and operations as a co-founder.

The Jambo team has a diverse background. About 30 business development personnel are responsible for market expansion and partnership negotiations, familiar with local business environments and cultural customs, effectively establishing collaborations with local institutions and individuals. Ten operational staff ensure the daily operations of the project, ensuring smooth business development. There are 16 engineers globally providing strong support for Jambo's technical architecture and product development in areas such as blockchain and mobile application development.

James grew up in the Democratic Republic of the Congo, considered one of the "most corrupt countries," where daily travel often requires armored vehicles and bodyguards, with danger lurking in the streets. The economic order in the DRC is chaotic, with a sluggish banking system, extremely low efficiency in fund transfers, and numerous obstacles in foreign exchange operations, severely hindering local economic development. In regions like Africa, about 57% of the 1.5 billion population lacks bank accounts, and nearly half do not have smartphones (similarly, about 50% and 26% of the populations in Southeast Asia and Latin America also lack bank accounts). This upbringing allowed James to deeply understand the many pain points in the financial sector of what would later be termed "emerging markets," planting the seeds of inspiration for the future establishment of the Jambo project.

In 2021, James fully immersed himself in the crypto field and founded Jambo, aiming to solve the financial service issues for the unbanked population, using mobile phones as an entry point and leveraging blockchain technology to build the platform. From its inception, Jambo attracted numerous top investors, including Paradigm and Coinbase, completing a $7.5 million seed round in early 2022 and a $30 million Series A round in the same year, providing financial support for project development.

In product development, the Jambo team has achieved certain successes with JamboPhone. In 2024, sales surpassed 700,000 units, creating over 5 million wallets (recently exceeding 7 million). Recently, Jambo announced a partnership with Coinbase, with JamboPhone now defaulting to include Coinbase Wallet, further enhancing 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. Major investors in Jambo include Paradigm, Pantera Capital, Delphi Ventures, Coinbase Ventures, and Tiger Global.

II. Detailed Explanation of Jambo's Economic Model

Basic Token Information

Jambo Token (J), as the core of the Jambo ecosystem, tightly connects the entire ecosystem. The total supply of J is 1 billion, with a subscription price of $0.5 on Bitget LaunchX.

Jambo will officially conduct its token generation event (TGE) in January 2025 and will be launched on Solana. The high throughput, low latency, and low cost of Solana will provide users with a smooth experience. The reasonable total supply and initial price, along with the combination with a high-quality public chain, will give Jambo an advantage in the competition in the Web3 field, especially in emerging markets.

Token Distribution Mechanism

From Jambo's token distribution, a clear goal orientation can be seen. Early contributors receive 30% of the tokens, leveraging the resource advantages of strategic partners and the expertise of the technical team to solidify the project's foundation, with a lock-up period to ensure their long-term commitment. The community allocation is 15%, aimed at incentivizing members to actively participate, using the cohesion and attractiveness of an active community to drive ecosystem development. A 10% airdrop is designed to attract new users such as Web3 enthusiasts and increase project visibility. The team's 15% is intended to motivate members to strive for long-term goals, becoming the core driving force for the project's continuous progress. 3% is allocated to liquidity providers and exchanges to ensure smooth and efficient market circulation. The 27% treasury focuses on providing financial support for technological research and development, market expansion, and maintaining project stability during risks, ensuring the project's sustainable development.

Token Economics

In the Jambo ecosystem, users can earn token rewards by completing tasks in the Jambo Earn application on JamboPhone (such as experiencing partner applications and submitting proof), participating in community online and offline activities, and providing valuable feedback to the community. These mechanisms attract users to participate in ecosystem construction, enhancing product usage and user stickiness.

Jambo Token (J) has a wide range of payment scenarios within the platform, which can be used to purchase digital goods in the JamboPhone DApp store and for consumption payments at offline partner merchants. Users holding this token can enjoy discounts when spending at JamboPhone applications and partner merchants, increasing their reliance on the ecosystem and promoting its market circulation.

III. Introduction to Jambo (J) Participation on Bitget LaunchX

The subscription for Jambo Token (J) on Bitget LaunchX will officially start on January 20, 2025, at 10:00 AM, with a subscription price of $0.5. The personal participation limit for the Jambo Token subscription is 2000 BGB, and subscriptions must be made using BGB.

LaunchX Details

• Token Name: Jambo (J)
• Total Supply: 1,000,000,000 J
• LaunchX Total Amount: 10,000,000 J (1% of total supply)
• Fundraising Target: $5,000,000
• Subscription Price: 1 J = $0.5
• Input Currency: BGB
• BGB to J exchange rate: To be announced. (Bitget will take continuous snapshots of the spot price of BGB from January 17 at 4:00 PM to January 22 at 10:00 AM (UTC+8), using the average price during the snapshot period as the snapshot price for BGB to calculate the exchange ratio for BGB to J, with the specific exchange ratio announced after the subscription phase ends)
• Personal Input Limit: 2,000 BGB
• Personal Input Minimum: 20 BGB
• Subscription Limit: 20,000 J

LaunchX Timeline

Subscription Process

• Before the subscription time starts, users must ensure they have a Bitget account and sufficient BGB.
• The subscription for J token officially started on January 20 at 10:00 AM. After logging into the Bitget account, users can go to the LaunchX section to see the project introduction, subscription price, remaining available subscription quantity, and other information about the Jambo project. Click on the Jambo project subscription entry to enter the subscription page.
• On the subscription page, users can enter the number of Jambo Tokens they wish to subscribe to based on their investment plan, ensuring not to exceed the personal participation limit of 2000 BGB. After confirming the subscription quantity is correct, click to submit the subscription application.
• The system will check the user's account balance to confirm there are enough BGB for the subscription. If the balance is insufficient, it will prompt for a recharge; if the balance is sufficient, it will deduct the corresponding BGB and generate a subscription order. Users can check the order status in the order record, such as submitted, confirmed, completed, etc.

Trading Play

Pre-market trading: Pre-market trading for Jambo Token officially started on January 15, 2025, at 11:00 PM (UTC+8) and will end on January 22 at 5:30 PM (UTC+8). Investors can participate in the trading of Jambo Token in advance to seize market opportunities.

• Spot Trading: Jambo Token (J) will officially start trading on the Bitget spot market on January 22, 2025, at 6:00 PM, at which point users can directly go to the Bitget spot market for trading.

IV. Market Prospects and Risks of the Jambo Project

The Jambo project targets emerging markets, which have enormous potential. Approximately 3 billion people in emerging markets lack smartphones, with increasing demand for the digital economy, rising internet penetration, and some governments promoting the digital economy with favorable policies. Local financial, entertainment, and educational resources are scarce, and JamboPhone's multi-chain wallet, payment functions, and rich applications can meet these needs. Its next phase involves next-generation DePIN use cases, with vast imaginative space.

The Jambo project has unique competitive advantages. Technologically, JamboPhone is equipped with advanced Web3 technology, and the multi-chain wallet supports various mainstream blockchains, providing an efficient experience. The product is affordably priced and designed to meet user needs. The close cooperation with local partners enhances brand awareness and user stickiness. The development and popularization of Web3 technology present opportunities, with increased global recognition and supportive policies from relevant countries.

However, competition in the Web3 mobile infrastructure field is intensifying, impacting JamboPhone sales. There are risks of technical failures that could lead to the theft of user assets or information. The regulatory policies in the cryptocurrency industry are volatile, with some countries restricting or banning trading, and Jambo must ensure compliance to avoid penalties that could affect project development.

V. Conclusion and Recommendations

The Jambo project has enormous potential in the Web3 mobile infrastructure field. By incentivizing participation through the token distribution mechanism, it builds a sustainable development ecosystem, and the widespread application of the token creates a positive economic cycle, allowing it to continue shining in the DePIN field with the advantages of emerging markets. Looking ahead, as Web3 technology becomes more widespread and demand in emerging markets grows, Jambo has ample room for development and is expected to expand its user base, optimize product features, launch new application services, and enhance its competitiveness through satellite launch plans.

On the other hand, the project may also face risks related to the market, technology, and policies in the future. Investors participating should consider their circumstances and subscribe moderately during the Bitget LaunchX subscription phase, and after the launch, they should pay attention to price fluctuations and operate based on analysis. In terms of risk control, it is essential to recognize the high risks of the cryptocurrency market, diversify investments reasonably, and pay attention to technological and policy changes to adjust strategies accordingly.