• Bitget has announced an upcoming event on LaunchX to support Jambo.
• Jambo plans to launch a satellite initiative for its smartphone project.
• The upcoming LaunchX fundraising program targets $5 million in token sales.

Cryptocurrency exchange Bitget has announced an upcoming event on LaunchX, its premier token launch platform. The event will support Jambo, a leading on-chain mobile network. Jambo plans to launch a satellite program to connect a global network of JamboPhones and expand access to decentralized services. Bitget aims to raise $5 million in token sales to support Jambo’s satellite initiative.

Known for its $99 crypto-native smartphone brand, Jambo has carved out a niche in the blockchain ecosystem. The company sold 700,000 JamboPhones in 2024. This launched it to the forefront of bringing Web3 technologies to emerging markets. According to the firm, the upcoming satellite program will provide borderless data access to JamboPhone users globally.

Web3 solutions on smartphones are a growing trend in the blockchain industry. They’re not yet as popular as traditional phone networks, but analysts see Web3-enabled smartphones as a path toward wider adop…

The post Bitget Announces $5 Million Fundraising For Jambo’s Satellite Initiative on LaunchX appeared first on Coin Edition.

• Bitget has announced an upcoming event on LaunchX to support Jambo.
• Jambo plans to launch a satellite initiative for its smartphone project.
• The upcoming LaunchX fundraising program targets $5 million in token sales.

Cryptocurrency exchange Bitget has announced an upcoming event on LaunchX, its premier token launch platform. The event will support Jambo, a leading on-chain mobile network. Jambo plans to launch a satellite program to connect a global network of JamboPhones and expand access to decentralized services. Bitget aims to raise $5 million in token sales to support Jambo’s satellite initiative.

Known for its $99 crypto-native smartphone brand, Jambo has carved out a niche in the blockchain ecosystem. The company sold 700,000 JamboPhones in 2024. This launched it to the forefront of bringing Web3 technologies to emerging markets. According to the firm, the upcoming satellite program will provide borderless data access to JamboPhone users globally.

Web3 solutions on smartphones are a growing trend in the blockchain industry. They’re not yet as popular as traditional phone networks, but analysts see Web3-enabled smartphones as a path toward wider adop…

The post Bitget Announces $5 Million Fundraising For Jambo’s Satellite Initiative on LaunchX appeared first on Coin Edition.