Bamboo
Website:
Status:
Announced ICO
Token:
BAM
Start:
30-09-2018
End:

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Information

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 to get started.

We are inspired by and admire the speed of innovation in the blockchain ecosystem. However, we have been discomforted by the fact that, unless more people gain exposure to blockchain, those innovations will only benefit a select few. The community requires a simple, secure, accessible and global platform.

With over one thousand cryptocurrencies on the market, knowing what and how to buy is a complicated process that involves digital wallets, exchanges, passphrases, and other security requirements. Bamboo takes the confusion and complexity away by easily facilitating the automatic purchase of a diversified portfolio of cryptographic assets with as little as one dollar. By enabling microsavings, participation in the blockchain ecosystem becomes a simple part of our users’ daily routine.

The community requires a simple, secure, accessible and global platform.

Building upon industry leading best practice, the Bamboo platform manages cryptographic assets securely and transparently. We accomplish this through public cryptographic means called Proof of Solvency. This functionality is currently limited in the market, and Bamboo’s implementation enables a level of transparency and user confidence beyond current global banking standards.

The Bamboo platform rethinks the blockchain on-boarding process, focusing on inclusion and widespread accessibility. By leveraging existing anti-money laundering (AML) and know your customer (KYC) checks, our links to banking infrastructure, and our focus on friendly design, we allow those who would otherwise be left behind to participate in the blockchain ecosystem.

We have global ambitions, and a pathway to get there. Our launch markets are Australia, the United States and Switzerland, before we expand further into Asia and Europe over the course of 2018 and 2019.

The token sale raises funds for development and marketing of the platform. The BAM utility token (ERC20) powers the Bamboo platform by being a distinguishable and transparent unit of account that allows users to pay for discounted fees.

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