Bamboo
Micro-investment app with its own token and reward system, that builds user’s portfolio with round-ups, top-ups, and dollar cost averaging
Perth, Australia
About Project
Bamboo Micro-investment app with its own token and reward system from Australia. You don’t need to have any investment experience to make profit on this app. It does everything for you. Bamboo helps people grow their portfolios with round-ups, top-ups, and dollar cost averaging. It links with your bank account, and makes tiny investments when you spend money. You set a comfort rounding off the amount you spend, it accumulates and invests across Bitcoin, Ethereum, Gold and Silver Standard.
Core Team
Core team of Bamboo are passionate about investing, and wanted to make it easier and more accessible for people without any crypto-experience to build their investment portfolio.
Blake Cassidy
Chief Executive Officer
Jim Paleo
Chief Technology Officer
Tracey Plowman
Chief Operating Officer
Challenges
The main challenge was to make complex functionality and features easy and simple for users. All the development decisions and challenges were based on that mission.
Being an eventsource project Bamboo needed to overcome hydration limitations. Because of the always-increasing number of events, the app deployment process became challenging.
During deployment all events should be processed, and the more events were created - the harder and longer deployments were. And with time the extensive amount of events make it almost impossible to release new features due to the hydration time limit.
So, the challenge for the TechMagic team was to find a solution for faster deployment without sacrificing app functionality and future growth. At the same time we needed to implement a Bam Reward system and Bam token.
Backend Specifics
BAM Rewards
TechMagic team implemented the BAM Rewards program. Bamboo offers a personal token - BAM - that users can earn simply by using the app.
This token operates on the Ethereum Blockchain by using its ERC20 protocol. The majority of cryptocurrency tokens in circulation today were made up with this. Bamboo chose this for its own token, because It's one of the most utilised and secure protocols available.
Cybersecurity Services Provided
Our security team helped Bamboo identify and address security vulnerabilities within their mobile application. The project included:
Security Scanner Overview
We provided the team with an overview of automated security scanners that can continuously detect application vulnerabilities. This empowers the Bamboo team to incorporate proactive security measures into its ongoing development process.
Comprehensive Penetration Testing
We conducted a thorough penetration test, simulating real-world attack scenarios to uncover potential security weaknesses.
Detailed Mitigation Plan
For each identified vulnerability, we created a detailed mitigation plan outlining the necessary steps for resolution. This plan gave the team a clear roadmap to address the security risks.
Implementation Support
Our team provided ongoing support to the development team while implementing the security fixes. This approach ensured a smooth and successful process, minimizing disruptions to development timelines.
Custom Automated Testing Tool
We developed a custom tool explicitly designed for Bamboo to streamline future security efforts. This tool allows the team to efficiently verify fixes for identified vulnerabilities, improving overall security posture.
Security Scanner Overview
We provided the team with an overview of automated security scanners that can continuously detect application vulnerabilities. This empowers the Bamboo team to incorporate proactive security measures into its ongoing development process.
Comprehensive Penetration Testing
We conducted a thorough penetration test, simulating real-world attack scenarios to uncover potential security weaknesses.
Integrations
We communicate with each one third-party integration provider independently to ensure the best outcome for the project.
General
AU region specific
US region specific
Project Outcome
Thanks to TechMagic, Bamboo was able to experience a 700% active users increase due to the new features and capability added.
Personal crypto token BAM
More than 20 000 active users
BAM rewards program
Accounting automation
Prepared release on the US market
Our Most Used Technologies
Client’s Feedback
![[object Object] mockup](https://tm-bucket-for-images.s3.eu-west-1.amazonaws.com/Avatar_63ee529b6a.png){kind=avatar}
Blake Cassidy
FinTech
CEO Bamboo
We interviewed seven highly recommended tech consulting groups and decided to use TechMagic due to their superior systems and processes. Thanks to TechMagic, we were able to experience a 700% increase in Bamboo active users due to the new features and capability they added.
Why TechMagic
We cover the entire software product development process and provide support services afterward within the quality management system. Technical expertise allows us to cover full-cycle development, incorporating business vision at every project stage.
Our experience in multiple industries makes TechMagic a reliable partner for software development outsourcing resulting in the commercial success of your product.
001
/003
002
/003
003
/003
Let’s turn ideas into action
VP of business development
Trusted by:
