Bamboo Relay

Bamboo Relay - a decentralized exchange (DEX), launched in 2017. The founder and developer of the product is Joshua Richardson. A platform is built on the ETH blockchain and runs on the 0x protocol. So, that user could trade on a resource, he needs to connect a MetaMask wallet.

Contents:

1. Acquaintance with Bamboo Relay
2. Trading commissions in dapp
3. Wallet support on Bamboo Relay
4. Blockchain platform improvements

Acquaintance with Bamboo Relay

Bamboo Relay - decentralized exchange, that runs on the Ethereum blockchain. Using this resource, you won’t need to fill out KYC security forms and transfer personal data to third parties. All you need - to create an account and start trading immediately. A significant advantage of the decentralized exchanger - keeping your coins in your wallet. The project doesn’t have a WhitePaper, but, at the same time, the exchange functionality is understandable even to a beginner. Considering the benefits of Bamboo Relay, the next items should be noted:

• Firstly, a personal information isn’t required;
• Secondly, servers are located around the world, that reduces the risk of downtime;
• Thirdly, the service is impervious to hacker attacks.

You make transactions directly with those, who want to buy or sell coins. Bamboo Relay is committed to the long-term success of 0x and its related protocols. Thus, Road Map expects the integration of free trading protocols for margin trading and lending, fixed term contracts and Dark pools.

Trading commissions in dapp

Each transaction occurs between two parties. The first side - the seller, whose order exists in the order book before the transaction. And the second side - the buyer, who places the order.

The trading commission for buyers is 0.20% on the resource. They also receive a discount on the commission for trading, depending on the volume. The discount is a half of the commission - 0.10%. These fees are lower or correspond to the average exchange value, which is 0.25% historically. There is no payment for withdrawal on the site. Users can withdraw funds absolutely free. This advantage really distinguishes this service from most other market exchanges.

Wallet support on Bamboo Relay

The development team was happy to inform its users that they had added an enhanced wallet support in all areas. They also hope to offer users the most convenient trading. A special support was provided for the following mobile wallets:

• imToken;
• TrustWallet;
• AlphaWallet;
• Coinbase Wallet;
• Opera;
• Cipher.

The exchange team has also added the support for WalletConnect (v1). WalletConnect - an open protocol for connecting desktop applications to mobile wallets. To do it, scan the QR code, using end-to-end encryption. You can use it today. Use a mobile wallet such as TrustWallet. It supports WalletConnect QR code scanning. The whole process is very simple. To get started, connect your wallet to the site through a QR code. And then you can trade by confirming transactions on the attached wallet.

Blockchain platform improvements

One of the most significant improvements - the packaging of smart contract transactions. In practice, it means that you no longer need to approve tokens, prepare ETH for sending and place orders in 3 separate stages. Instead, users are provided with a multi-stage popup. And they can do it all in one thread. The innovations on the resource:

In the near future, the team will announce further updates, which, in their opinion, will improve the trading process for all users. You can find out the latest innovations from the platform’s social networks by subscribing to Facebook, Twitter or Telegram.