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What is Jambo (J)?

4 godzin temu Czas czytania: 6 min
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Complementing the JamboPhone is the JamboApp, a super app that serves as a hub for Web3 activities. The JamboApp combines a Decentralised Application (DApp) store, a multi-chain non-custodial wallet, and a questing platform that rewards users for completing tasks. Features like JamboPlay provide access to curated Web3 DApps, while Jambo Wallet supports multiple blockchain ecosystems, including Solana and Ethereum-compatible chains. The app also facilitates educational opportunities for Web3 newcomers, allowing users to learn while earning rewards. These functionalities position the JamboApp as a versatile tool for navigating the decentralised ecosystem.

The Jambo OS, a custom operating system based on Android, powers the JamboPhone. This proprietary OS allows Jambo to pre-install partner applications and integrate its own ecosystem tools, enabling a tailored Web3 experience. The system supports functions like mobile validators, token airdrops, and sybil-resistant verification mechanisms, which help ensure the authenticity of users engaging with the platform. By linking hardware with crypto wallets, Jambo creates a network designed to reward genuine participation, addressing challenges like sybil farming and bot activity. Additionally, users retain access to the broader Android ecosystem via the Play Store, ensuring flexibility.

The Jambo ecosystem also features the J token, a utility token built on Solana that underpins the platform’s economy. It offers various benefits, including staking rewards, discounts, and access to exclusive opportunities. The token distribution is designed to reward active participants, with allocations for early adopters, community members, and ecosystem contributors. The J token also facilitates incentivised engagement through quests, referrals, and cross-marketing campaigns. Jambo’s approach to integrating hardware, software, and token-based incentives highlights its ambition to onboard millions of users into the blockchain ecosystem while addressing scalability, accessibility, and engagement challenges.

What is the J Token?

The J token serves as the cornerstone of the Jambo ecosystem, offering a unified utility to drive engagement and incentivise participation across the project’s hardware, software, and broader community initiatives. Built on the Solana blockchain, J is designed to facilitate seamless interactions within the ecosystem, rewarding users for their contributions and enabling access to a variety of exclusive benefits. It underpins Jambo’s mission to democratise access to decentralized finance and Web3 applications, particularly in emerging markets.

The airdrop of J tokens is a key element in its initial distribution strategy, aimed at rewarding early adopters and active participants within the Jambo ecosystem. A total of 100,000,000 tokens (10% of the maximum supply) have been allocated for this purpose. Eligible recipients include users of JamboPhone models, active participants in the JamboApp’s questing platform, and members of the Solana community. The first airdrop opens for claims via Galxe, with snapshots taken prior to distribution to ensure eligibility. Additional rounds of airdrops are planned to further incentivise new users and drive ecosystem growth.

The use cases for J are diverse, aligning with Jambo’s multi-faceted approach to ecosystem development. Users can earn J tokens by completing quests, participating in ecosystem campaigns, and engaging in educational activities. The token can also be staked in future pools for perks like access to exclusive opportunities, discounts on Jambo products, and partner airdrops. J facilitates cross-marketing campaigns with ecosystem partners, offering rewards for actions like interacting with partner tokens and NFTs. Beyond rewards, J tokens can be used for payments within the ecosystem and to access premium features on Jambo’s platform.

The tokenomics of J reflect a thoughtful approach to long-term sustainability and community engagement. With a fixed supply of 1 billion tokens, the allocation includes 30% for early contributors, 27% for a treasury, 15% each for the community and team, and smaller portions for liquidity providers, exchanges, and airdrops. This distribution balances incentives for early supporters and ongoing development while providing ample resources for community-driven initiatives. The staking and reward mechanisms aim to create a dynamic ecosystem that fosters user loyalty, expands network effects, and reinforces Jambo’s vision of bringing Web3 capabilities to a global audience.

J Tokenomics

How to buy J with crypto

1. Log in to your Bitfinex account or sign up to create one.

2. Go to the Deposit page.

3. In the Cryptocurrencies section, choose the crypto you plan to buy J with and generate a deposit address on the Exchange wallet.

4. Send the crypto to the generated deposit address.

5. Once the funds arrive in your wallet, you can trade them for J. Learn how to trade on Bitfinex here.

How to buy J with fiat

1. Log in to your Bitfinex account or sign up to create one.

2. You need to get full verification to be able to deposit fiat to your Bitfinex account. Learn about different verification levels here.

3. On the Deposit page, under the Bank Wire menu, choose the fiat currency of your deposit. There’s a minimum amount for fiat deposits on Bitfinex; learn more here.

4. Check your Bitfinex registered email for the wire details.

5. Send the funds.

6. Once the funds arrive in your wallet, you can use them to buy J.

Also, we have Bitfinex on mobile, so you can easily buy J currency while on-the-go.

[ AppStore]  [ Google Play]

Jambo Community Channels

Website | X (Twitter) | Telegram

The post appeared first on Bitfinex blog.

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