On the 16th of September, 2021 at 08:00 UTC, Decentralized Club had the honor of hosting Ms. Sreedha, Head of Public Relations from Jambo Labs for an Ask-Me-Anything session on their Telegram page with a community of over 44,000 people. It was hosted by DC Admin, May.
The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.
If you missed this event and would like to know what Jambo is all about, you can find a recap of the interview here. Note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.
Segment 1 – Introduction
Hello, 大家好, नमस्ते, Selamat!
My name is May and I’ll be hosting the AMA with Jambo.
Today, we have with us a guest from the Jambo Team.
Hi everyone, this is Sreedha!
I am very glad to be able to participate in today’s event, thank you.
You’re welcome to the Decentralized Club and it’s an honor to have you here.
How’s your day going?
good！how are you？
Could you quickly tell us more about yourself and your job description at Jambo?
My personal responsibility is to work with our team to realize the vision of the project step by step.
In addition to providing decentralized, transparent, efficient, and stable communication services for the industry, Jambo Network’s vision also allows more people to enjoy the dividends of the development of high-traffic applications. Thanks！
Everyone can enter our telegram group to learn more about Jambo：https://t.me/JamboNetwork
Awesome! Thank you for being here with us.
I look forward to an insightful interview.
Shall we now take some project introductory questions?
Q1. Can you tell us about Jambo and the goals that led to the creation?
In the current global Internet advertising market, marketing budgets are mainly owned by major companies such as search engines and social media.
Due to the lack of mutual trust among stakeholders in the industry, non-value parts such as advertisement verification, data monitoring, and advertisement interception have appeared.
Therefore, we established the Jambo blockchain advertising technology support platform to achieve a transparent and credible decentralized advertising ecosystem.
Through Polkadot’s heterogeneous multi-chain architecture, the value interoperability of different advertising industry chains is realized, and the database’s transparency greatly improves the business expansion of the blockchain advertising industry and accelerates the efficiency of digital advertising.
We insist on improving the convenience for users to participate in blockchain advertising applications, build a large-traffic application ecosystem, new potential development teams to build a large-traffic reference matrix in digital advertising and affect the traffic circle of multiple industries and communities.
Let more people enjoy the dividends of the development of high-traffic applications.😘
Q2. What innovative solution is Jambo bringing to topple its competitors with similar offerings?
Jambo will always adhere to our project mission, insist on improving the convenience for users to participate in blockchain advertising applications, build a large-traffic application landing application ecosystem, deepen the value of on-chain traffic, and improve the accuracy of blockchain information.
The application of technology not only stays in the financial field or the entertainment field but also enables the advertising industry service network to provide transparent, efficient, and stable communication services for the industry.
Then Jambo can realize value interoperability based on the cross-chain ecology.
Even if the user holds Bitcoin, he can also complete the corresponding operations on the application chain.
At the same time, the open underlying technology can give developers a diversified autonomy system, such as account systems, consensus mechanisms, etc., which can be customized by themselves.
In addition, Jambo will continue to optimize and enrich the ecological industry, and improve the transparency and trust of the ecosystem based on smart contracts.
Through the advertisement matching engine, the advertisement content that accurately matches the user’s attributes is screened out, and at the same time, a certain reward is given to the oracle.
In the entire ecosystem, better-quality prediction opportunities will get more rewards, prompting oracles to continuously improve computing power and optimize algorithms, and further promote the continuous development of the ecology. Thanks, ！😘
Very detailed answer!
Jambo shows a lot of potentials. Let’s find out more.
Q3. Can you tell us how advertising works on Jambo with the Web 3.0 model?
With the blessing of the trust mechanism of blockchain, the trust in Web 3.0 comes from the decentralized network mechanism itself.
Jambo Network builds a blockchain network with an Ad Exchange function based on Substract.
As the driving force of Web3.0, Jambo Network is committed to providing transparent, efficient, and stable communication services for the industry.
In addition, Jambo Network will continue to optimize and enrich the ecosystem, and improve the transparency and trust of the ecosystem based on smart contracts.
Through the advertisement matching engine, the advertisement content that exactly matches the attributes of the user is screened out, and at the same time, a certain reward is given to the oracle.
In the entire ecosystem, better prediction opportunities will receive more rewards, prompting the oracle to continuously improve computing power and optimize algorithms, and further promote the development of the ecosystem.
A quick reminder to our community to follow Jambo on Telegram.
Q4. Could you briefly talk about $JAM and its utilities?
As the value carrier of the JAMBO ecosystem, JAM utilizes the stable ecosystem of JAMBO, whether advertisers, channel parties, or users, can share the value dividend of $JAM distributed network in JAMBO.
JAM will be used as the only means of value exchange in the following processes :
1. Cross-chain services on the JAMBO technology platform
2. The circulation in the JAMBO advertising alliance
3. The medium of exchange between advertising and channels
JAM can benchmark the equity of the platform, allowing users to get corresponding real-time financial rewards by consuming advertisements, and by staking JAM they can even get a share of the advertising fee generated by an available advertising space.
By building this transparent system that operates in real-time we hope to establish a community that can profit from the advertisement that has penetrated every aspect of our life.
$JAM has an evidently strong use case. Well-done!
Q5. Although Internet centralization can provide users with faster, more reliable, and more feature-rich services, it is vulnerable to security breaches and data leakage. How does Jambo Network deal with these problems?
Modern Internet users rely on a single corporate service provider to access the services they use every day,
and there is no guarantee that the platforms they use will not leak their data or abscond with the money.
Web3.0 is a new development of the Internet.
The purpose is to transform centralized applications into distributed protocols.
Applications built on the Web3.0 architecture do not have to have a single point of control, but can eliminate centralized control and create an open protocol system; it allows users to take ownership and take back control of their data.
Therefore, Jambo Network combines the current technical status of Web3.0 and uses the cross-chain ecosystem to solve the problem of lack of scalability in Ethereum.
To combat the weaknesses of Web 2.0 Internet advertising, Jambo Parachain uses a trusted (phisher) terminal DAPP (Collector) Collect data, use the in-chain decentralized matching engine ADX (verifier) and access the Polkadot relay chain to ensure that the advertising business data (content, placement, audience, effect, etc.) is true, transparent and safe.
Last question before we take Twitter questions.
Q6. What major news should we still look forward to from Jambo by the end of the year?
Recently, Jambo Network has launched a whitelisting plan.☺️
A public offering event was held on the official website from September 13th to September 16th.
Then, the IDO whitelisting was launched jointly with dodoex.io from September 17th to September 24th. Limited to 200 subscriptions, $JAM will be launched on dodoex.io on September 26.
If users are not able to participate in the whitelist, they can participate through the mining of JamboSwap on September 28 and seize a lucrative opportunity.
It’s now time to take questions from our Twitter community.
Segment 2 – Twitter Questions
Q1. Briefly tell us your marketing strategies and how investors get passive income by staking on your token?
Twitter Username: @AbayomiNathani2
Jambo Network uses blockchain technology to build a blockchain network with an Ad Exchange function based on Polkadot Substract.
As the driving force of Web3.0, Jambo Network is committed to providing transparent, efficient, and stable communication services for the industry.
The Jambo advertising protocol matches appropriate parties, integrates the channel resources, categorizes, and puts data on the chain, and transforms the advertising business model.
Advertisers can gain traffic through published advertisements to obtain revenue, and users can obtain a certain amount of revenue by watching advertisements. In addition, JAM is the value carrier of the JAMBO ecosystem, and holding JAM supports and brings growth.
Q2. Non-crypto users are very important for mainstream adoption. How are you planning to attract non-crypto users to your project? Is there any upcoming partnership that will bring non-crypto users and real-use cases?
Twitter Username: @BeyiKripto
Recently, Jambo Network has received three major strategic investments from Hoo Labs, Silicon VC, and W3 Venture, which will jointly promote the development of Jambo Network’s ecosystem. As a leading blockchain asset service company in the industry, HOO has extensive experience to help Jambo Network’s future development. Silicon VC and W3 Venture will support Jambo Network in terms of resources, technology, and capital to jointly create a transparent, secure, and decentralized advertising network environment.
So we believe that everyone recognizes the Jambo project very much.😘
Q3. What do you see in the future of the crypto market and how do you think your platform will be recognized as the space keeps evolving?
Twitter Username: @FikirDem
The application market on the blockchain has expanded rapidly in the past two years.
The on-chain ecology of the blockchain industry has taken shape. 2020 is a milestone year for the blockchain industry. DApp’s transaction volume exceeded $270 billion, 95% of which came from
Ethereum DeFi ecosystem.
According to the data report of DappRadar, among the DApps with the top traffic of Ethereum, the TVL and aTVL peaked at $13 billion and $11 billion in 2020, respectively. According to the 16 well-known public blockchains, huge growth was achieved in 2020. Unique active wallets grew by 466%, from 58,000 at the end of 2019 to around 200,000 at the end of 2020. Besides, the transaction volume increased from $21 billion in 2019 to $270 billion in 2020, an increase of 1178%.
With the explosive growth of DeFi in 2020, the number of active users of DApp has boomed, exceeding 7 million at the end of 2020 from nearly 900,000 at the end of 2019. However, there is currently no effective way for users to obtain project information and deliver accurate industry information to target users apart from community dissemination and blockchain media. Moreover, current blockchain media and traditional media still face the same problems of traffic fraud, high cost, and low efficiency.
Therefore, Jambo’s primary goal is to solve the advertising problem from the blockchain industry, and then gradually enter the traditional market.
Q4. What is the strategic progress of the Jambo network project？
Twitter Username: @WAILOK65295504
Jambo Network has received strategic investments from Hoo Labs, Silicon VC, Activate Venture Partners, B37 Ventures, Win Capital, and Beta Capital. They will jointly promote the development of the Jambo Network ecosystem and promote the decentralized digital advertising industry. Jambo Network is working together to create a transparent, secure, and decentralized advertising network environment.
Q5. How does the Jambo network protect users’ privacy?
Twitter Username: @Yang58894284
In Jambo network’s side chain design, when the advertising audience reaches the advertising digital media,
The digital media collects user information through edge computing, creates a unique digital identity for each user, and sends the user’s digital identity to the advertising matching engine.
The ad matchmaking engine sends the media properties and the user’s digital identity to the prediction machine participating in the ad ecology, waiting for the prediction machine to return the recommended ad content. Therefore, advertisers can’t directly contact users’ private data.
You also have a very robust partnership portfolio! Well-done.
It’s now time to take questions from our live audience.
In this 3rd segment, I will open the group for some seconds for the live community to shoot you some pressing questions.
Please pick five original questions to answer.
Try to ignore generic, vague, and copy-paste questions 😊
—Chat was then opened for the live community to send in their questions—
Segment 3 – Live Questions
How far will you bring the Jambo network using the cross-chain Ecosystem?
First of all, we understand the impact of cross-chain technology as a valuable interaction technology that can support many industries, and we can see the rapid growth of cross-chain ecosystems.
This is a very important indicator. More and more people are participating in cross-chain ecosystem development, which can continue to enrich Jambo’s ecosystem and lay a solid foundation for Jambo to build a globally transparent and credible decentralized advertising ecosystem.
May I ask you about how to do investment with the JAMBO project? Will you have a public sale for your token ? and will JAMBO create your supporting telegram groups with different countries or just one official group?
Okay, pay attention to the following information:😘💎🔥
1.9 From 13th to 16th of September, a public offering whitelist event was held on the official website
2.9 From 17th to 24th September, the IDO whitelist program with dodoex.io will start, with a limited number of 200 subscriptions
3. $JAM will launch on dodoex.io on September 26th.
JamboSwap was launched on
4. On September 28th, everyone can participate in $JAM mining.
Our community is https://t.me/JamboNetwork.
Would you agree with me that adoption and utility are key factors to a project’s survival and success? What’s being done to drive global adoption of Jambo Network amidst crypto regulations, legislation, and competition?
Adoptability and practicality are important factors that affect the long-term development of the project.
From the first step of blockchain technology that went on to become bitcoin, it has now developed into cutting-edge technology and the core of the entire blockchain world. It has become not just a technological development but also changed the way millions of people invest and store their assets.
This rapid development reflects the vitality in the development process for blockchain technology. And we tried to incorporate this spirit and the technical foundation in the development of the JAMBO platform.
Under the JAMBO ecosystem, the contract system for advertising will no longer exist.
Everyone can carry out the dissemination of advertisements, and the system calculates rewards for disseminating users based on attention.
Advertisers can also become ad publishers. JAMBO’s new ecosystem can be developed for purchase channels.
As a traffic party platform, it no longer conducts advertising sales to earn income. Instead, it enhances the value of its own ecosystem through the operation and maintenance of the ecosystem. It enables the agents to use the ecosystem. The appreciation of the currency is used to create income, which is used in the traffic circles of many industries and communities around the world so that more people can enjoy the dividends of the development of high-traffic applications.
There are three core issues in encryption and blockchain technology, namely security, interoperability, and scalability. How does JAMBO overcome these problems?
Although the blockchain gives us a safe and reliable underlying technology, each public chain is equivalent to an isolated island, and it is difficult or costly to communicate between isolated islands. A cross-chain agreement is equivalent to establishing a bridge between each island.
Jambo Network combines the current technical status of the Web3.0 and uses a Cross-chain ecosystem to solve the problem of lack of scalability in Ethereum.
To solve the deficiencies in the Web 2.0 advertising industry. Jambo Parachain uses a trusted (phisher) terminal DAPP (collector). ) to collect data, and the in-chain decentralized matching engine ADX (validator) to connect to the Polkadot relay chain to ensure the authenticity, transparency, and security of advertising business data (content, placement, audience, effect, etc.).
Is your project a local project or a global project? Can anyone use your services from anywhere in the world? Are there any restrictions on using your service?
Jambo Network is a global project, serving everyone around the world.
We insist on improving the convenience for users to participate in blockchain advertising applications and build a large-traffic ecosystem.
Whether it is advertisers, media, or advertising users, in any part of the advertising process, there are no restrictions. Based on Tokens and smart contracts, Jambo Network guarantees that all participants can submit requirements, complete payments, and obtain revenue. open, fair, and traceable.
From 17th to 24th September, the IDO whitelist program with dodoex.io will start, with a limited number of 200 subscriptions🔥🔥🔥
Hello Ma’am. Can you please share with the Decentralized Club all the links where we can either participate in JamboSwap mining this September OR meet up with the IDO whitelisting event as I believe the Jambo project has very good potential and I want to be part of it in the early stage? Thank you.
Thank you so much for your time with us today!
Any final remarks for our community?
Due to time constraints, I cannot continue to share with you. If you want to learn more about Jambo, you can join our community:https://t.me/JamboNetwork
A very good community. Nice to be here
Thank you once again.
Our regards to the rest of the team at Jambo Labs.
Great work with good potential.
Until next time, have a great day.
Have a great day!
The AMA with Jambo is now over.