Jambo aims to revolutionize the way people access the crypto industry and enable millions in emerging markets such as Latin America, Southeast Asia, and Africa to engage with Web3 technology.
Author: Kazmin
According to official news, Jambo (J) will be listed on Bitget's new token distribution platform LaunchX. The subscription price for Jambo (J) is $0.5, with the subscription period starting on January 20 at 10:00 AM, and the individual participation limit is 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 leading global on-chain mobile network provider, and this plan aims to promote its satellite launch initiative through Bitget LaunchX to connect the global JamboPhone network and expand the coverage of decentralized services. The JamboPhone, as a crypto-native smartphone, has already surpassed 700,000 units sold in 2024. This initiative aims to further drive Jambo's expansion in satellite communication and Web3 technology, particularly to provide broader decentralized services for emerging markets.
This article will introduce the background of the Jambo project, its development process, financing situation, token economics, and participation methods for the launch on Bitget LaunchX, as well as provide insights into its development prospects and risks for readers' reference.
1. Overview of the Jambo Project
Introduction to the Jambo Project
Jambo is an on-chain mobile network project centered around its flagship product, the JamboPhone, aiming to revolutionize the way people access the crypto industry and enable 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.
The JamboPhone, as a crypto-native mobile device, starts at just $99 and is equipped with a wealth of Web3 features, providing users in emerging markets with a convenient gateway to the Web3 world. The promotional slogan "The phone that pays you" highlights the JamboPhone's EarnDrop model, aiming to bring the next billion users to Web3 from emerging markets.
The JamboPhone comes with a built-in multi-chain wallet that supports the storage and management of assets across various mainstream blockchains, allowing users to easily control their digital assets. It also features a DApp store that aggregates high-quality decentralized applications across various fields, including gaming, finance, and social networking, catering to users' diverse needs. With these features, the JamboPhone has successfully attracted millions of on-chain users, sparking 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 cooperative relationships 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 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 constraining local economic development. In regions like Africa, about 57% of the 1.5 billion population lacks bank accounts, and nearly half do not own smartphones (similarly, about 50% and 26% of the populations in Southeast Asia and Latin America, respectively, also lack bank accounts). This upbringing allowed James to gain deep insights into the financial pain points in these areas, later known as "emerging markets," planting the seeds of inspiration for the creation of the Jambo project.
In 2021, James fully dedicated himself to the crypto field and founded Jambo, aiming to address the financial service issues of the unbanked population, using mobile phones as an entry point and leveraging blockchain technology to build the platform. From the outset, 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 the same year, providing financial support for project development.
In product development, the Jambo team has achieved certain successes with the 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 the JamboPhone now featuring the Coinbase Wallet by default, 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.
2. 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 can provide users with a smooth experience. The reasonable total supply and initial price, combined with a quality public chain, can give Jambo a competitive advantage 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 ensuring 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 technology research and development, market expansion, and maintaining project stability in the face of risks, ensuring the project's sustainable development.
Token Economics
In the Jambo ecosystem, users can earn token rewards by completing tasks on the Jambo Earn application 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 building, enhancing product usage and user stickiness.
Jambo Token (J) has a wide range of payment scenarios within the platform, allowing users to purchase digital goods in the DApp store of the JamboPhone and make payments at offline partner merchants. Users holding the token can enjoy discounts when spending at JamboPhone applications and partner merchants, increasing their reliance on the ecosystem and promoting its circulation in the market.
3. Introduction to Jambo (J) on Bitget LaunchX
Jambo Token (J) will officially start its subscription on Bitget LaunchX at 10:00 AM on January 20, 2025, with a subscription price of $0.5. The individual 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)
l Fundraising Target: $5,000,000
l Subscription Price: 1J = $0.5
l Investment Currency: BGB
l Exchange rate of BGB to J: To be announced. (Bitget will take continuous snapshots of the spot price of BGB from January 17, 16:00 to January 22, 10:00 (UTC+8), and the average price during the snapshot period will be used as the snapshot price of BGB to calculate the exchange ratio of BGB to J. The specific exchange ratio will be announced after the subscription phase ends.)
l Individual Investment Limit: 2,000 BGB
l Individual Investment Minimum: 20 BGB
l Subscription Limit: 20,000 J
LaunchX Timeline
Subscription Process
l Before the subscription time starts, users must ensure they have a Bitget account and sufficient BGB.
l The subscription for J tokens officially began at 10:00 AM on January 20. After logging into the Bitget account, users can go to the LaunchX section to see the project introduction, subscription price, remaining available quantity for subscription, and other information about the Jambo project. Click on the Jambo project subscription entry to access the subscription page.
l 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 individual participation limit of 2000 BGB. After confirming the subscription quantity is correct, click to submit the subscription application.
l The system will check the user's account balance to confirm there is enough BGB for the subscription. If the balance is insufficient, a prompt to recharge will appear; if the balance is sufficient, the corresponding BGB will be deducted, and a subscription order will be generated. Users can check the order status in the order record, such as submitted, confirmed, completed, etc.
Trading Gameplay
Pre-market Trading: Pre-market trading for Jambo Token officially started at 11:00 PM on January 15, 2025 (UTC+8) and will end at 5:30 PM on January 22 (UTC+8). Investors can participate in Jambo Token trading in advance to seize market opportunities.
l Spot Trading: Jambo Token (J) will officially start trading on the Bitget spot market at 6:00 PM on January 22, 2025, at which point users can directly trade on the Bitget spot market.
4. 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 rates, and some governments promoting the digital economy with favorable policies. Local financial, entertainment, and educational resources are scarce, and the multi-chain wallet, payment functions, and rich applications of the JamboPhone can meet these needs. The next phase involves next-generation DePIN use cases, with vast imaginative space.
The Jambo project has unique competitive advantages. Technologically, the 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 prohibiting trading. Jambo must ensure compliance to avoid penalties that could affect project development.
5. Conclusion and Recommendations
The Jambo project has significant potential in the Web3 mobile infrastructure field. By incentivizing participation through a token distribution mechanism, it aims to build a sustainable development ecosystem, and the widespread application of the token will create a positive economic cycle, continuing to shine 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, with the potential 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 face risks related to the market, technology, and policies in the future. Investors participating in the initial subscription phase on Bitget LaunchX should consider their circumstances and subscribe moderately. After the token is listed for trading, they should pay attention to price fluctuations and make decisions based on analysis. In terms of risk control, it is essential to recognize the high risks of the cryptocurrency market, diversify investments reasonably, and monitor technological and policy changes to adjust strategies.
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