We’re about to launch a rewards program here at Bamboo, and at the heart of it sits the BAM token. Our users will be able to earn BAM as a reward by simply by using the Bamboo app.

Once you activate BAM rewards, you’ll earn BAM tokens for in-app actions around sustainable investing behaviour. To get started, you’ll need to purchase a minimum of $50 in BAM. Then you’ll need to maintain at least 2% of BAM in your portfolio at all times to continue participating in the program.

We’ll initially be launching the token in a closed in-app market. This is designed to rewards Bamboo users for their in app activity.

A token burn will destroy 1% of BAM’s circulating supply. The rate of burn will be derived from the number of participants in the rewards program. The tokens for burning will be sourced from the market if there is adequate liquidity.

BAM is currently available on the open market, and via the Bamboo App.