FAQ

Circulating Supply

75,000,000

What does burning BAM mean?

There are 75,000,000 BAM tokens in circulation and the burning of BAM will reduce the supply of BAM over time. Bamboo purchases BAM off the open market and the internal app market for burning. The interim burning target is 750,000 BAM equating to 1% of total supply.

What is BAM Rewards?

BAM rewards is the first iteration of the BAM token implementation. Bamboo gives users the opportunity to earn rewards based on in-app activity. Unlike other popular rewards programs, you are able to sell your BAM for cash at anytime.

How do I start earning rewards?

To enrol into the BAM Rewards program - You'll need to purchase 2% of your portfolio at a value of at least 50 BAM and allocate 2% of your portfolio into BAM ongoing. This will enable you to earn rewards ongoing.

• Get 1.5 BAM for every $50 you top-up.

• Get 4 BAM per month with recurring payments turned on.

• We burn 12 BAM per month if you have round-ups on:

• Get extra 5 BAM when you refer a friend.

What does the BAM Token do?

The BAM token in its first instance, will allow users to get rewarded for completing actions on the Bamboo app.

Why does the BAM Token exist?

The BAM token is an important part of the Bamboo platform. Our goal is to increase knowledge and familiarity with digital assets through a blockchain first ecosystem. Close integration of BAM (a cryptographic asset) into the onboarding process starts this from day one. $BAM also gives the Bamboo team a way to reward and give back to our users. It can also be used as a mechanism for exclusive product features.

Why is BAM different in price on the app vs Uniswap?

Currently BAM is only used in the app internally but we are working towards a free floating market once additional in-app utility has been created

Can I redeem / sell BAM?

You can sell BAM at any time proportionally to your portfolio. Our roadmap includes a feature to have a single asset sell to make it easy to sell/rebalance BAM individually.

Can I transfer my BAM on/off the App?

No, unfortunately Bamboo is a ‘closed loop’ system meaning you can only sell down your digital assets to your bank account.

What else can I use the token for?

This is the first iteration of the BAM token implementation and there will be more utility provided in the future.

Where can I get BAM Tokens?

You can get BAM tokens directly from Bamboo. Once the liquidity has been built up, BAM tokens will be available on a number of crypto exchanges.

Do I need BAM Tokens to use Bamboo?

No you don't. You can continue to use the Bamboo app without the need for $BAM. However, you won't be rewarded.

General

Why is Bamboo rewarding their users?

The BAM token powers the Bamboo platform. The BAM token gives the Bamboo team an opportunity to give back to the Bamboo users. We hope that the BAM token will increase loyalty and promote actions on the Bamboo app.

Ultimately, the Bamboo Token accelerates the creation of the Bamboo community, and helps connect us, and our supporters, with people who are looking to find an easy, simple, and fast way to get involved in the blockchain revolution.

When will I receive my BAM tokens?

BAM tokens will be issued within your Bamboo app, you'll be able to view them in your portfolio and rewards tab.

When will BAM tokens become tradeable?

The BAM token will be tradable for cash as soon as it launches..

Compliance

Is Bamboo KYC and AML compliant?

Since Bamboo is an app with a $ fiat on/off ramp, we are compliant with industry regulation.

Is the BAM token a security token?

No, the BAM token is a utility token.

Other

What if my question is still unanswered?

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