Bamboo is a people-focussed mobile application that makes the microsaving of diversified parcels of cryptographic
assets easy, automated and fun. All you need is a mobile phone and a bank account, and 5 minutes to get started.
Our core focus is microsavings, however the Bamboo platform does allow for manual contributions. As the term suggests,
microsaving is a savings methodology that focuses on regular, small deposits. More information is available on the website.
A gap exists between the need to adopt and invest in future defining technologies and the
ability to do so. While the blockchain ecosystem has proven to have significant utility,
too many people are barred from participating. Bamboo addresses this problem by providing
increased accessibility and liquidity in the market. We aim to dramatically reduce the
barriers of entry to the blockchain community: anyone can use our platform, and gain
exposure to the blockchain community, just by continuing with their everyday purchases.
The platform is currently in closed beta testing. We expect to release the platform in our
initial target markets mid-2018, with other markets rolling out thereafter.
Our Whitepaper, in the Roadmap section, will cover this in more detail.
Fees on the Bamboo platform are charged in a cryptographic token known as BAM. There are several key reasons for this:
Unlike fees charged in fiat, fees charged in BAM are transparently logged
on the public blockchain ledger.
Reduction of counterparty risk:
BAM fees are collected and settled immediately, reducing counterparty risk exposure.
Our purpose is to advance a blockchain native future of value exchange.
Our core business is to "bridge" to the emerging world, with as many
people as possible, to advance this purpose.
The store of value (price) is an emergent property driven by the network
effect of all users. The market capitalisation of BAM is entirely separate
from the revenue stream of Bamboo in exchange for providing the Service.
The price of BAM has no impact on the value of the Service revenue Bamboo
collects. This is because the amount of BAM that Bamboo levies is determined
by the value of the underlying portfolio assets, not BAM. Accordingly, any
change in the price of BAM is realised by holders of BAM.
Borderless unit of account:
BAM is a consistent unit of account across the platform, regardless of any
user’s geographic location.
We believe that the use and integration of the BAM token within the Bamboo ecosystem,
enables the future of transparent borderless economic activity.
BAMs are the unit of account on the Bamboo platform, so you’ll need it to use the Bamboo
platform. Further, they’re usable in any ERC20 compatible wallet and can be freely transacted
as holders see fit.
Bamboo is running a token sale where you can purchase BAM.
Presale began in early 2018 and the public sale is scheduled to begin mid-2018.
More information will be released, but for now, complete the whitelist to get registered to participate.
Any Ethereum compatible wallet such as; MyEtherWallet [MEW], Mist, Parity, MetaMask can store BAM.
Importantly though, we can't be held responsible
if you lose your BAM. So, make sure that you’re an experienced member of the blockchain community before
you participate in the BAM Token Sale.
More information will be released on exactly how to participate, but for now, complete the whitelist to get registered.
For more information visit our website or contact us directly on our Telegram channel.
Yes, citizens and residents of several countries - including China and the United States of America (incl.
US Territories and Commonwealths) - will not be allowed to participate in the token sale. A full list of
restricted countries will be covered in the token sale terms and conditions.