Bitget Partners With Jambo to Fund Satellite Launch
Bitget is partnering with blockchain-native mobile network Jambo to raise funds for satellite launches. Jambo hopes to raise $5 million through the token sale and fund its satellite launch to expand the use of decentralized services.
The news comes from an exclusive press release shared with BeInCrypto.
Bitget and Jambo aim for the stars
Bitgit, One of the world’s leading cryptocurrency exchangeshas set quite ambitious goals with this Jambo collaboration. Launching in 2022, Jambo aims to be “Africa WeChat,” posted a Last year’s blockchain-based mobile phone Through partnership with Aptos.
Bitget CEO Gracy Chen Describing how her company helped the company build satellite infrastructure:
“Jambo’s vision of connecting the world through blockchain and mobile innovation aligns perfectly with our plans to support transformative projects. By promoting Jambo’s satellite program through LaunchX, we aim to help them in their efforts to bridge the digital divide and unlock the potential of Web3 in emerging markets,” Chen claimed.
This partnership allows Jambo to achieve multiple of its core goals simultaneously. Its native tag “J” is the core of Jambo Decentralized Finance ecosystem, the company will launch the token through Bitget’s LaunchX platform.
CEO Zhang Jianjun emphasized that this satellite launch will vertically integrate Zhanbo communications hardware to create new possibilities for the underlying ecosystem.
Bitget is also infamous for the launch of the Jambo satellite. Although its BGB token reached Record high in late Decemberfollowed by major adjustments.
Bitget takes a radical step Burn 800 million tokens Stabilized and increased the value of BGB, but has since stagnated. A highly publicized launch like this could attract a lot of goodwill.
Additionally, the exchange reportedly plans to expand to multiple global markets and is considering Lithuania as a MiCA Compliance Regional Center in the EU. In the long term, these efforts are likely to continue to drive BGB demand.
Ultimately, the goal of launching satellites may remain challenging. Jambo plans to raise $5 million in funding through Bitget LaunchX, but that may not be enough to launch a satellite on its own.
price different That’s big, but even the cheapest option usually costs upwards of $10 million. While Jambo has not yet resolved details regarding these challenges, the company may be looking for additional financing opportunities to achieve project results.
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