Amp (AMP)

Amp is currently trading at $0.003557, after a price change of 0.79% in the last 24 hours.

Ranked as cryptocurrency #148 by capitalization today, AMP market cap is valued at $150,210,911. AMP trading volume reached $4,505,076 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on AMP coin price prediction page.

What is Amp?

Amp is a collateral token that facilitates real-time verifiable assurances for value transfers with enhanced network security and irreversibility. Amp serves as universal collateral that works by holding tokens in an escrow managed by on-chain collateral managers. The collateral managers are smart contracts managing the token in place of a collateralization app.

Token partition is another feature that makes Amp unique. The partitions enable collateral managers to implement policies on separate spaces related to the same digital address. Such a feature allows users to stake digital assets without sending them to a smart contract.

Flexa network uses Amp for instant transaction settlements. Applications that integrate Flexa stake Amp to ensure that payments are executed in real-time. Individual users can also collateralize their asset transfers by assigning Amp to the collateral manager and transferring another asset with minimal charges.  

AMP is an ERC-20 standardized token that is based on Ethereum. There are 42.23 billion circulating AMP tokens from a total supply of 99,213,408,535 and a maximum supply of 92,547,638,199. Users can stake AMP to earn a proportional share of the transaction fees on the network.

Tyler Spalding is the founder of Flexa Network and AMP. The cryptocurrency was launched in 2020.