Bitget Unveils Jambo on LaunchX, Subscriptions Now Open
In Brief
Bitget has officially added Jambo to its LaunchX platform, with the subscription window active and open until 10:00 AM (UTC+8) on January 22.
Cryptocurrency exchange Bitget Bitget has announced that Jambo (J) will be listed on its LaunchX platform, with the subscription phase currently open and remaining accessible until 10:00 AM (UTC+8) on January 22. J token allocations will occur from 10:00 AM to 6:00 PM (UTC+8) on January 22, followed by the initiation of J-USDT spot trading at 6:00 PM (UTC+8) that same day.
LaunchX is Bitget’s newest platform for token distribution, crafted to empower the Web3 ecosystem. It gives users the chance to gain early access to fresh projects and their tokens during their inaugural launch stages. The platform operates on a commitment-based subscription model, meaning that the size of a user’s allocation is tied to the amount they pledge—larger commitments will secure more tokens.
To take part, users are required to undergo identity verification. Please note that accounts for sub-accounts, institutions, and market makers are not eligible for this offer.
In terms of token availability, there is a total supply of 1 billion J tokens, with 10 million J tokens, representing 1% of the overall supply, being allocated specifically for LaunchX. The fundraising goal is set at $5 million, with a subscription price set at $0.50 for each J token. Participants need to commit BGB tokens to join the subscription.
The conversion rate between BGB and J will be disclosed following the end of the subscription period. Bitget will establish this rate by capturing multiple snapshots of BGB’s market price between January 17 at 4:00 PM and January 22 at 10:00 AM (UTC+8). The average value during this timeframe will be utilized to calculate the final exchange rate.
Participants must respect certain limits to join. The minimal commitment accepted is 20 BGB, while the upper limit is capped at 2000 BGB. The maximum amount of J tokens available for subscription is set at 20,000.
Jambo is in the process of building a globally interconnected blockchain-based mobile network, centered around the innovative JamboPhone, a crypto-enabled mobile device priced affordably starting at $99.
What Is Jambo?
This platform has successfully attracted millions of users, particularly in developing regions, by providing opportunities for earning, a decentralized application (dApp) store, a multi-chain wallet, and various other functionalities. Jambo Jambo’s hardware network boasts over 700,000 mobile nodes spread across more than 120 countries, allowing the platform to launch new products that ensure immediate decentralization and harness powerful network effects.
By capitalizing on this vast network of distributed hardware, Jambo is poised to push forward its next stage, which focuses on enhancing decentralized physical infrastructure network (DePIN) applications, such as satellite connectivity, peer-to-peer (P2P) networking, and other blockchain-integrated solutions.
At the heart of Jambo’s ecosystem lies the Jambo Token, or J, a utility token that promotes rewards, facilitates discounts, and enables transactions within the network.
Disclaimer
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