AMP Price Chart Update [AMP]

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

Unique Selling Point of Amp

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 utilizes 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.