Bamboo is a people-focussed mobile application that makes the microinvestment of diversified parcels of digital assets easy, automated and fun. All you need is a mobile phone, a bank account, and a couple of minutes to get started!
Our core focus is microinvestments, however the Bamboo platform does allow for manual contributions. As the term suggests, microinvestment is an investment methodology that focuses on regular, small deposits.
We want to make entry into, and exit from, the blockchain ecosystem seamless.
Our vision is to be the leading way that people participate in the blockchain ecosystem. We want to facilitate the education, growth and adoption of this technological innovation for all.
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.
Now! The App was released to the iOS App Store now on 17th March 2019.
Deposit: The minimum Round-up or Top-up (instant) is $50.
Withdraw: No minimum withdrawal amount.
BAM tokens are a cryptographic ERC20 utility tokens built upon the Ethereum blockchain. BAM tokens are required to get the full benefit of the Bamboo platform because they are used in the calculation, payment and settlement of management fees for your investment into cryptographic assets on the Bamboo platform.
The value of the fees (see "Fees") is settled in BAM at the prevailing market rate at the time. If no market rate can be established, a fixed rate of USD 0.15 (AUD ~0.20) will be used. The fixed rate may change.
You don’t need to worry about the purchase, acquisition or transfer of BAM tokens because the Bamboo platform will automatically settle in BAM on your behalf (e.g. against an outstanding fee balance on the platform). This is the default option.
If you are an existing BAM token holder, you can bring these tokens to the platform directly as well.
You can bring BAM tokens to the platform at any time. Once you have set up a Bamboo account, we generate a unique address on the Ethereum blockchain to which you can send BAM.
Note: At this time, once BAM tokens are deposited on the Bamboo platform they can only be removed by filing a direct request with our customer support team.
Australian Jurisdiction Our fee structure is simple. A management fee of up to 0.5% per month. A deposit/withdraw flat fee applies when the amount is: less than or equal to $100, the fee is $1.49. more than $100 but less than or equal to $250, the fee is $2.49. more than $250 but less than or equal to $500, the fee is $3.99 more than $500, the fee is 0.8%.All fees are inclusive of GST.
Management fees in detail, the fees are calculated in arrears at the end of the period on the balance of all your digital assets on the platform (excluding BAM). For example, if you hold 1.00 ethereum on the Bamboo platform, your monthly management fee will be 1.00 x 0.5% = 0.005 ethereum.
Management fees on the platform are settled in BAM, see "BAM Token". Any amount in your BAM platform wallet will be used first to settle fees, after which any remaining difference will be settled by the platform on your behalf.
Invoices will show the amount of BAM and value in local currency of the jurisdiction (e.g. AUD) including applicable sales tax.
Deposit/withdraw flat fees are collected at time of deposit/withdraw and are to cover the exchange and payment provider costs.
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