Jambo Technology is an onchain mobile network that has placed cost-effective handsets preloaded with crypto dApps in users’ pockets worldwide. Jambo has established the largest onchain mobile network, beginning with the JamboPhone, the most potent crypto-native mobile device. Jambo is backed by top institutions worldwide, including Paradigm, Pantera, Coinbase Ventures, and OKX Venture.

What is Jambo Technology?

Jambo is a decentralized mobile network that aims to empower citizens in emerging markets. Jambo’s crypto-centric smartphone gives new customers access to blockchain technology and Web3 services. Solana primarily powers Jambo due to its quick and low transaction costs. The JamboPhone was sold through Solana Pay, and the launch was carried out in collaboration with Solana Superteams. Jambo, formed in 2021 by James and Alice Zhang of the Democratic Republic of the Congo, wants to bring Web3 technology to Africa. The company is building a super app offering banking, entertainment, and educational services. Jambo intends to make a vast Web3 mobile infrastructure network to connect markets to blockchain, allowing global digital economy participation.

Jambo Technology aims to introduce the following billion users to cryptocurrency by creating a whole-stack communications infrastructure as an entry point, democratizing access to financial services and mobile, and connecting their community with the finest earning possibilities to convert their time and resources into money. Jambo has pushed the frontiers of hardware, software, and supply chain to provide our users with the finest Web3 mobile experience at the most affordable price. Jambo’s next phase will ensure Internet readiness and improve censorship resistance for mobile data access. Jambo intends to develop a satellite program to integrate vertically into this hardware plan. As this hardware and data plan is implemented, JamboPhone users can engage with cryptocurrency from anywhere globally, regardless of distance.

Background of Jambo Technology

Jambo Technology, founded in 2021 by James and Alice Zhang, sought to expand its platform and reach. The Zhang siblings claim to have a family history of investing in Africa’s economic growth, which inspired their business initiative. James, who has a background in computer science, is considered Jambo’s technological leader. In 2021, Jambo raised $7.5 million through a seed token round. In 2022, it received $30 million in a Series A token round, launched JamboAcademy in ten countries spanning Africa and Latin America, and enrolled over 200 community leaders in the JamboAmbassadors program. In 2023, Jambo aimed to expand its product range and market presence. The company finalized the JamboPhone MVP and invested in constructing an initial production line. It also launched the JamboApp on Google Play. Furthermore, Jambo launched JamboTalent, which includes JamboSports, with the Jambo Basketball Team competing in the International Basketball Federation (FIBA). Finally, the company launched the Jambo Partnerships initiative to encourage collaboration.

Jambo Technology released the JamboPhone in January 2024, selling around 440,000 units by the end of the year. The company sought to increase its reach by signing over 50 high-profile partners and growing its network to include 700+ business development group chats for JamboPhone and JamboPlay partners. Jambo increased its production capacity to over 200,000 devices monthly to satisfy demand and activated more than 1,800,000 wallets. The startup launched token distribution campaigns and promoted the JamboPhone at events and on podcasts. In 2021, Jambo raised $7.5 million in a seed token round that included Coinbase Ventures, Delphi Digital, Tiger Global, and several industry luminaries. In May 2022, the company completed a $30 million Series A funding round headed by Paradigm, their first investment in Africa. Other investors included Delphi Digital and Pantera Capital. These funds have aided product development and Jambo’s expansion throughout Africa, including staff expansion and office openings in 15 countries, including Nigeria, Kenya, and South Africa.

Jambo’s Vision

Jambo believes that the key to onboarding the next billion Web3 users is to provide them with an affordable hardware platform that lowers the hurdles to participation, internet connectivity, and the ability to unlock new on-chain opportunities. To open up new prospects, Jambo focuses on four critical areas of Web3 where they feel they can make a substantial difference:

Payment and Finance

Jambo intends to use the Jambo wallet in the super app to democratize significant access to financial apps, particularly in emerging nations, by effectively banking the unbanked. In areas where traditional banking services are restricted or nonexistent, a crypto wallet allows users to store, send, and receive monies without requiring a bank account. Furthermore, cryptocurrency wallets can support microloans, peer-to-peer lending, and other DeFi applications. Jambo aims to empower their community by providing these enhanced alternatives.

Gaming and Consumer

Jambo aims to deliver the most innovative games and consumer apps in cryptocurrency to its community. As the computing world has shifted toward mobile first, Jambo seeks to be the starting point for enhanced mobile experiences in Web3.

DePIN

Jambo envisions owning both the hardware and the operating system, which presents unique prospects for DePIN. On the hardware side, the $99 smartphone will minimize the set-upfront cost for DePIN projects while also eliminating the need to purchase single-purpose dedicated hardware. On the software side, Jambo intends to install integrated solutions that will allow programs to be executed efficiently from day one of ownership. JamboPhone and DePIN could be used for validator nodes, location services, data hotspots, and other applications.

What is Jambo Phone?

The Jambo Phone, a collaboration between the Aptos Foundation and Jambo, will be released on January 11, 2024, to improve access to digital technology in emerging nations. The JamboPhone is Jambo’s flagship Web3 Android smartphone, starting at $99. The Jambo Phone gives our users a decentralized and accessible piece of hardware they can use as their daily driver; each phone comes preconfigured with the world of cryptocurrency at their fingertips. The JamboPhone can handle intense tasks like high-performance gaming, validator nodes, and more. Its main features include:

• Processor: T606.
• RAM: 4GB
• Storage capacity: 64GB
• Display: 6.5” IPS LCD
• Camera: Dual lens configuration
• Operating System: Android 13
• Battery capacity: 4900mAh

Jambo App

The Jambo App, which debuted in September 2023, is a Web3 platform integrated into the JamboPhone that aims to empower people in emerging markets. The Jambo App includes a multichain non-custodial wallet, Jambo’s questing platform that allows users to earn while learning, and a dApp marketplace that showcases outstanding partner projects. The Jambo App provides decentralized money, gaming, and educational content services to foster community and increase digital involvement throughout Africa. The app offers individualized experiences through intelligent recommendations, promoting growth in various sectors, including art, technology, and fashion.

Features of Jambo App

Jambo Play

Jambo Play is a portal and curator for web3 dApps, earning opportunities, mobile games, and entertainment apps. With JamboPlay, users can easily accomplish JamboEarn onchain and off-chain quests sponsored by Jambo’s partners who help support these pools. Users can also find new web2 and web3 applications and educational options to learn more about web3.

Jambo Wallet

Jambo Wallet is a non-custodial wallet driven by social logins. Jambo Wallet supports many L1 and L2 chains, including Solana, Aptos, and EVM. Jambo Wallet is a doorway to the decentralized world, allowing users to connect, transact, and manage digital assets. The platform emphasizes security and convenience, with extensive security mechanisms to secure user data and earnings. Users can easily claim rewards directly from the wallet, which seeks to provide a safe and efficient environment for researching and engaging with digital assets.

Jambo Earn

Jambo Earn allows users to earn money by completing game quests. The website seeks to simplify the earning process by integrating multiple chances into a single digital platform. Users may manage their profits, check their progress, and cash out, resulting in a simple and convenient experience. Jambo Earn quests are supported by Jambo and its ecosystem partners with incentives ranging from social interactions with partner projects to more practical user education assignments. This enables the community to receive some of the value they generate for Jambo Ecosystem partners.

What is the Jambo token ($J)?

The native cryptographically secure fungible protocol token of Jambo (ticker symbol $J) is a transferable representation of attributed utility functions provided in Jambo’s protocol/code. It is intended to be used purely as an interoperable utility token. $J is a functioning multi-utility currency that serves as a decentralized exchange method for participants on Jambo. The purpose of establishing $J is to provide a convenient and safe form of payment and settlement for participants who engage inside the Jambo ecosystem without needing intermediaries such as centralized third-party entities, institutions, or credit.

$J Token Mechanism

$J Token Mechanics $J is the native token that connects the Jambo ecosystem. Jambo has developed a mechanism to develop a sustainable token economy:

Questing

Jambo users can earn $J and other token prizes by actively participating in the Jambo ecosystem’s many activities and campaigns. Staking pools will be opened later, allowing $J holders to earn perks and gain gated access to the Jambo ecosystem, such as access to exclusive opportunities and quests, discounts on physical products, exclusive access to partner tokens or NFT sales, similar to popular launchpads, and airdrops from Jambo Ecosystem partners in their respective native tokens for participating in cross-marketing activities, all of which will be allocated to anti-Sybil verified Jambo users. These tokens include memecoins, infrastructure initiatives, and automatic phone and other product giveaway entries.

Discounts

In the future, Jambo will offer savings on physical products and payment expenses if customers pay using the platform currency $J.

Referrals

Jambo will reward referral activities through $J to the referrer and the new user to encourage user involvement. Jambo will also reward users who demonstrate ecosystem loyalty by consistently interacting with the Jambo App and Jambo Phone, exploring new features, and experimenting with our ecosystem partners, which will fuel the Jambo ecosystem’s targeted growth.

$J Tokenomics

$J token will have a fixed quantity of 1,000,000,000, distributed as follows:

• Early Contributors: 30%.
• Community: 15%.
• Airdrop: 10%.
• Team: 15%
• Liquidity providers and exchanges: 3 percent
• Treasury: 27 percent.

The vesting schedule will be as follows:

Conclusion

Jambo is a Web3 app development project that aims to educate, provide banking services, and entertain people in emerging economies. It seeks to establish mobile infrastructure to promote financial inclusion and digital literacy in areas with few traditional banking and educational resources. The $J token and its suite of apps, including JamboApp, JamboEarn, and JamboPlay, demonstrate Jambo’s dedication to allowing users to earn, learn, and grow in the blockchain world.