Amp (AMP)

Amp (AMP)

Rank #81

$0.013593

1.06%

0.00000045 BTC

AMP
USD

MARKET CAP

$574.017 M

ALL TIME HIGH

$0.12

VOLUME 24H

$11.714 M

CIRC. SUPPLY

42.228 B

VOL/MCAP

2.00%

TOTAL SUPPLY

99.213 B

DILUTED MCAP

1.257 B

MAX SUPPLY

92.548 B

1H USD

-0.63%

24H USD

1.06%

7D USD

25.8%

30D USD

-38.10%

60D USD

-47.24%

90D USD

-53.56%

Amp Price Chart

24h Change

1.06 %

Amp - AMP Profiles

Overview & History

Amp is a digital collateral token that offers instant, verifiable collateralization for any kind of value transfer. Projects like Flexa use Amp to secure transactions and build networks that accrue value both securely and transparently.


History

Amp is a digital collateral token designed to facilitate fast and efficient value transfer, especially for use cases that prioritize security and irreversibility. As collateral, Amp insures the value of any transfer while it remains unconfirmed—a process which can take anywhere from seconds to hours to days. Amp tokens used as collateral are generally released when consensus for a particular transfer is achieved, making them available to collateralize another transfer. In the event that consensus is not achieved for the transfer, the Amp collateral can instead be liquidated to cover losses. Amp facilitates instant, verifiable assurances for any pending or future value transfer, so that any actions dependent on the transfer can proceed without delay. By using Amp as collateral, individuals and entities benefit from the security and efficiency of collateral which is transparently attestable on an immutable ledger.

Flexa, a payments network, is the first use case of Amp's features as a collateral token. The Flexa Capacity contract is a collateral manager that uses Amp to collateralize the payments of 40,000+ merchant locations across the US and Canada. Users stake Amp in exchange for rewards funded by the merchant fees.

Roadmap

Amp Testnet Launch

Date: August 2020. Type: Testnet Launch

On Aug. 1, 2020, Amp team announced the official launch in the Flexa Capacity dApp on Rinkeby testnet.


Flexa Collateral Manager on Testnet

Date: August 2020. Type: Network Change

On Aug. 15, 2020, Amp team released the first batch of updates to Flexa Capacity and the collateral manager which are smart contracts that can lock, release, and redirect collateral in these partitions as needed in order to support value transfer activities.


Amp and Collateral Contract Audits

Date: August 2020. Type: Report

On Aug. 15, 2020, Amp team released two security audits by ConsenSys Diligence and Trail of Bits.


Collateral Pool Partition Validator on Testnet

Date: August 2020. Type: Network Change

Amp team released the core of the Amp collateral model, the concept of partitions, which can be used to allocate collateral across different applications, use cases, or beneficiaries.


Amp and Collateral Contracts Mainnet

Date: September 2020. Type: Mainnet Launch

On Sept. 8, 2020, Amp team announced the launch of Amp mainnet.


FXC to AMP Non-Custodial Swap

Date: September 2020. Type: Token Migration

With the launch of Amp and collateral contracts mainnet, Flexa Capacity announced the migration to Amp at a 1-1 exchange rate.


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