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    $0.00341819 $ 0.00341819
    +¥5204,24 0.8% 1D
    1D 1M 1Y ALL
    Updated:
    LOADING DATA
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    Market Cap (USD)
    266.04M
    24H Volume
    1.91M
    Circulating Supply
    77.06B AMP
    Max Supply
    99.45B AMP
    All Time High
    0.120813
    Rank
    118

    About

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    • About Amp (AMP)

      AMP is the native collateral token of the Flexa payment network. Flexa is a cryptocurrency payment network that makes it easier for merchants to accept cryptocurrency payments. Amp(AMP) is migrated from Flexacoin(FXC) at a ratio of 1:1.

      AMP is a new digital collateral token that provides instant and verifiable collateral for any type of value transfer. Using AMP, networks like Flexa can quickly and irreversibly secure transactions for a variety of asset-related use cases.


      How Amp AMP Works

      AMP operates on the concept of warranty zoning. Collateral partitioning works by representing a subset of AMP tokens used for a specific purpose. They differentiate the ether model by using unique partition addresses on the blockchain, which facilitates the staking model where tokens can be staked without leaving the address.

      Amp uses smart contracts as an on-chain escrow manager, managing the transfer of AMP tokens to escrow applications for "locking, releasing and rewarding collateral". Collateral managers work with collateral partitions to conduct activities and transfer value permissions. This allows tokens to be transferred from a specific partition on behalf of the caller. When balances are tracked off-chain, two events occur. First, the Transfer event contains address information and a token value. Second, the TransferByPartition event contains the same data as the Transfer event, plus any partition data and metadata.

      Amp can support any number of warranty managers. Additionally, anyone can create and deploy Warranty Manager Agreements to integrate Amp into existing applications. The original warranty manager built into Amp is the Flexa Warranty Manager. The Flexa Escrow Manager manages AMP tokens staked through the Flexa network to secure payments. Custody manager Flexa encourages the use of custodial partitions as pools for staking AMP tokens, where a percentage of successful transfers will be rewarded to contributors.

      AMP works in three forms:
      · Collateral: On the Flexa payment network, AMPs staked by users provide sellers with collateral for pending cryptocurrency payments. For each transaction, the equivalent amount of AMP will be locked in the smart contract until the cryptocurrency payment is confirmed. If payment is ultimately not confirmed, the staked AMP tokens will be used to repay the seller.

      · Staking: Users can stake AMP to increase the capacity of the Flexa payment network. Stakers will receive staking rewards from network transaction fees.

      · Governance: Users can vote on governance proposals to make decisions on future grant recipients, partnerships, cross-chain integrations, and DeFi collaborations.


      What is Amp AMP?

      AMP is an open-sourced custodial token, a service that uses purpose-built smart contract functionality to diversify risk. It allows "immediate and verifiable assurance for any pending or future transfer of value". This means that transport-dependent operations can continue without delay. Additionally, when AMP is used as collateral, users benefit from the security, transparency, and efficiency of an immutable ledger.

      AMP is independent of assets. This means that Amp does not require a specific consensus mechanism or asset type as collateral to secure physical and digital transactions. When AMP is used as collateral, the value of the transfer is guaranteed even if it is not confirmed. Additionally, Amp users can create custom warranty managers that allow existing applications to interact with AMP using customizable parameters.

      AMP has a fixed supply, and the risk of price fluctuations is reduced. Thanks to a smart contract-based collateral management interface and partitioning strategy, AMP Asset Token facilitates fast, efficient, and secure value transfers, which opens up many new opportunities for payments, loans, borrowings, and remittances. Additionally, since AMP is open-sourced, it can be easily integrated with third-party platforms and applications.


      AMP Crypto Wallet

      In addition to placing AMP in the Gate.io exchange to facilitate trading, AMP can also be placed in the crypto wallet.
      Expand
    • Amp Market

      Currency Price 24H Change Action
      Amp
      AMP /USDT
      0X Margin
      $0.00341819 +0.8% Trade
      Amp
      AMP /USDT
      Spot
      $0.00341819 +0.8% Trade

    Amp FAQs

    • 1. What determines the price of Amp?
      There are two schools of thought in determining the price of Amp.

      By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Amp, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Amp from a long term perspective.

      By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Amp on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Amp as well.

      HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Amp and the cryptocurrency market as a whole.
    • 2. What is the highest price of Amp in history?
      Amp achieved the all-time high of $0.12 in 2021-06-16, and is currently trading at $0.0034.
    • 3. What is the lowest price of Amp in history?
      In 2020-11-04, Amp reached the all-time low of $0.0025.
    • 4. Should I buy Amp now?
      It is important to remember that Amp, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

    Amp News

    News
    Announcements
    SEC Launches Financial Game-Show Campaign To Educate Investors

    SEC Launches Financial Game-Show Campaign To Educate Investors

    [TL; DR] The Securities and Exchange Commission, through the office of the Investor Education and Advocacy, launched a Game-show campaign to educate investors. The campaign is a video titled “investomedia.” The game show-themed public service campaign was launched t...
    Source: Gate.blog Posted: 2022-08-05
    Projects on Failed Terra decamps to Polygon Network

    Projects on Failed Terra decamps to Polygon Network

    [TL;DR] 🔹 The Terra Network suffered a collapse when it lost its peg. 🔹 The Luna Classic (LUNC) was at the receiving side of this collapse as it lost 100% of its value. 🔹 Networks like Polygon reached out to receive the projects on the Terra Network and house them on their blockcha...
    Source: Gate.blog Posted: 2022-07-21
    Gate.io VIP Sharing Campaign | Vitalik on the Cover of Time Magazine | OpenSea May Have Supported SOL Payments | Russia Accepts Bitcoin as Export Payment Method

    Gate.io VIP Sharing Campaign | Vitalik on the Cover of Time Magazine | OpenSea May Have Supported SOL Payments | Russia Accepts Bitcoin as Export Payment Method

    Gate.io Weekly Newsletter | Market trends? Global headlines? We got you covered. TL;DR? Listen on the Go! Updated Weekly on Buzzsprout, Apple Podcasts, Spotify, and Google Podcasts. Gate.io Announcement Gate.io VIP Shuttle | In order to encou...
    Source: Gate.blog Posted: 2022-03-25
    Gate.io Weekly Newsletter: VIP Sharing Campaign is on! | Elon Musk Strikes Again, CME to Launch microEther Futures, Singapore Will Not Ban Crypto

    Gate.io Weekly Newsletter: VIP Sharing Campaign is on! | Elon Musk Strikes Again, CME to Launch microEther Futures, Singapore Will Not Ban Crypto

    Gate.io Weekly Newsletter | Market trends? Global headlines? We got you covered. TL;DR? Listen on the Go! Updated Weekly on Buzzsprout, Apple Podcast, Spotify, and Soundcloud. Gate.io Announces VIP Sharing Campaign Users who enjoy VIP rates and services at other locations can enjoy th...
    Source: Gate.blog Posted: 2021-11-05
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