Welcome to the official documentation for Bami, a decentralized financial infrastructure powering the open money market. Bami provides a full decentralized financial hub to bring a new digital economy to the next billion users.
Bami is a multichain financial application aims to bring permissionless money solutions to the mass, built to integrate interchain solutions in savings, payment, trading, money market, etc. Bami focuses on user experience first and foremost. We believe the next billion users will be onboarded through the abstraction of complexities in Blockchain applications.
Bami is built with transparency and openness in mind. We stand on the shoulders of giants and in turn, continue to carry the ethos. The platform will be open-source and the protocol will be owned and governed by you – the community. BAMI token will be used to capture the value of the Bami protocol, allowing its value to grow linearly with the ecosystem. The token will also allow the community to guide the ecosystem growth path.
Bami is built for mass adoption, thus, low cost is imperative. Launching it first on Binance Smart Chain makes sense due to the large user base and cheap tx cost. However, we understand that composability is the key to unlock the full power of Defi. Bami will be chain-agonistic. Bami plans to expand to Ethereum as the layer-2 solution matures. We are optimistic! In the future, the community can decide whether Bami should be on other layer-1 chains as well when there is demand.
Most of the world's population is underserved when it comes to financial solutions. Decentralized finance is giving people more freedom, self-sovereign and financial independence. DeFi will do to banks what the Internet did to newspapers. Countless efforts were made to lay the all necessary pipes, and today, Defi is ready for prime time and we want to bring it to the next billions of users.