Resource: Dailycoin.com
11 months ago
Date: 05 Mar 2022 - 16:00

AMT Token AMP is a digital asset designed to decentralize risk in financial transactions. It works as digital collateral to enable instant verifiable collateralization for any form of value transfer.Since the outcome is often uncertain while transactions waiting for confirmations AMP tokens act as collateral for any cryptocurrency transaction performed via the Flexa crypto payment network. In other words it insures the value of transfer will remain unconfirmed.AMP was created by Flexa the worlds leading network in puredigital fast and fraudproof payments.State of the Project AMP was created by crypto payments company Flexa and is the main opensource token powering Flexas network. It aims to solve the problem of transaction security and guarantees transactions a fully digitally secured forum from source to settlement. AMP is an ERC20 token with a fixed supply and is therefore noninflationary. The token was introduced in 2020 and replaced the previous native token of Flexa the FlexaCoin FXC which was not able to be upgraded with new functionalities. By the end of 2021 more than 41300 locations in the U.S. and Canada were using Flexa network. The AMP protocol powers a fully autonomous collateralization system. The AMP token features onchain staking operations direct interfaces with openssource extensible collateral managers and more. The token is designed in a way that allows any holder to use it independently of the blockchain consensus mechanism or the type of asset used. AMP can be used for staking on the Flexa network with no lockup period.nbspDevelopment Stage The AMP testnet launched in August 2020. Two security audits were released the same year. Flexa added support for fraudproof Lightning Network payments in 2021 enabling compliant and fraudproof bitcoin transactions.Fundraising Flexa was funded by 3 private sales of the FlexaCoin FXC at the beginning of 2018 2019 and again in April 2019 raising a cumulative 14.1 million.nbspRoadmap There has been no roadmap for AMP since 2020. Rumors are circulating that Flexa may announce a partnership with Shopify sometime around summer 2022.Team The cofounders and team behind Flexa and by extension AMP are Daniel McCabe Trevor Filter Zachary Kilgore and Tyler Spalding. CEO Tyler Spalding has more than 20 years of tech experience having previously been CTO of the worlds largest gift card marketplace 8216Raise and an engineer for the U.S. Air Force Spece Alliance and NASA. MIT and Harvard graduate Daniel McCabe also has experience from working with NASA and Lockheed Martin. The New Yorkbased Flexa has up to 10 known employees. Key investors venture capital firms 8211 8216Pantera Capital8216 and 8216Access Ventures8216. Fintech investors 8211 82161kx8216 and 8216Robot Ventures8216.nbspCommunity AMP social media accounts Twitter 44.6K Reddit 44.3K Facebook 8.9K Telegram 4.2K Discord 1K Social media followers have often complained about the Flexa teams silence regarding updates on its future development plans. Concerns have also arisen about the companys lack of progress.Key metricsMaximum supply 92547638199 AMPCirculating supply 42.23 billion AMPMarket Cap 1.2 billionAlltime high ATH 0.120813 Jun 2021Alltime low ATL 0.00250501 Nov 2020Markets Available to buy on 55 cryptocurrency trading platforms including the biggest centralized crypto exchanges.nbspWallets Various crypto wallets that support the ERC20 token standard.nbspAsset allocation Half of the AMP token supply is allocated in equal parts to the merchant development fund 25 and to grant the developers 25. 20 of the supply is allocated to the founders and employee pool with 20 for token sales and 10 for the network development fund. The total number of unique addresses that hold AMP assets in the network has increased by over 16 during the last three months. VerdictAMP is a token with strong fundamentals it was created to solve a serious transaction security issue and the use case of the token is highly relevant and unique as AMP offers a way to ensure the safety of assets in ongoing transactions.The team behind the AMP token and Flexa payment network is solid and highly experienced especially on the technical side of operations. Flexa has a rapidly growing list of partners and merchants worldwide who support Flexa payments and dozens of crypto options. It should be noted that the token is young and requires more time to achieve broader adoption.Valid concerns are being raised toward AMP about the prolonged silence regarding its development progress and future plans. Some concerned backers have addressed the slow progress of Flexa while working in a highly regulated environment and their lack of public announcements outside of attained agreements.With a current 1.2 billion market capitalization the AMP token can be considered a midsize market cap crypto. Being a relatively young token AMP has room for growth especially in terms of further market adoption. EMAIL NEWSLETTER Join to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors picks 1x a week delivered straight to your inbox.contactform7You can always unsubscribe with just 1 click.

Read in the source

Share this page

馃憫 Collect a daily bonus of 10 Crowns every day for free! Collect the bonus on the personal page of the Crowns
馃敆 Join our referral program and earn 小rowns together! Invite your friends to our friendly community

Crypto Overview Show morenavigate_next

USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
3001.33 $ 0 % 360.05 Billion $
1.001 $ 0 % 82.65 Billion $
398.86 $ 0 % 59.29 Billion $
1.004 $ 0 % 50.96 Billion $
101.49 $ 0 % 33.28 Billion $
0.122 $ 0 % 31.52 Billion $
0.7024 $ 0 % 30.96 Billion $
82.96 $ 0 % 29.44 Billion $
0.9455 $ 0 % 29.42 Billion $

Crypto News Show morenavigate_next

How Bitcoin Exchange Outflows Rose In January Bitcoinmagazine.com 12 months ago

January was the largest month for bitcoin exchange outflows since September 2021.The below is from a recent edition of the Deep Dive Bitcoin Magazines premium markets newsletter. To be among the first to receive these insights and other onchain bitcoin market analysis straight to your inbox subscribe now.As weve discussed in previous Daily Dives March 2020 was a significant catalyst and turning po

Bitcoin has long been touted as an inflationary hedge. Proponents argue that governmentissued fiat currencies decrease in value over time due to money printing by central banks. But Bitcoin doesnt suffer the same devaluation as supply is fixed at 21 million tokens.However now that inflation is here and making its presence felt BTC has so far failed to live up to expectations.In April data compiled

The Government of Tonga officially takes support from this crypto industry by accepting donations in Bitcoin.Tonga is a cryptofriendly region in the world where officials of Tonga are open to going with the adoption of Bitcoin as legal tender and also they have open hands to catch the Blockchain innovations.nbspOn 14 January the Kingdom of Tonga faced a big shockwave of the Volcanic wave. People a

The U.S. Department of the Treasury is launching a cryptocurrency awareness program. Were just trying to raise awareness without trying to stamp out new technology and new innovation said an official of the Treasury.1313Treasurys Efforts to Raise Crypto Awareness13The U.S. Department of the Treasury is launching an initiative to raise awareness about cryptocurrency investing Reuters reported Tues

The Chinese metaverse industry has reportedly raised about 780 million in funding and there are expectations this will grow to be a 5.8 trillion industry by 2030. So far there are 160000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting the metaverse. 13Developing the Metaverse13According to a local media report Chinas metaverse industry has r

The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by threequarters of a percentage point. The central banks move follows the consumer price index CPI report last week that showed U.S. inflation jumped last month by 8.3 per annum.Fed Raises Federal Funds Rate by 75bps anticipates x2018Ongoing IncreasesOn September 21 2022 the U.S. central bank and Fed chair Jerome Powell

The combined capacity in public channels of Bitcoin Lightning Networks total capacity in public channels has crossed 5000 BTC for the first time.BTCs main scaling solution designed to make transactions cheaper and faster has made some positive developments in recent times with expansion and development. The new feat comes less than four months after the capacity hit 4000 BTC.The Final PushThe more

The investment bank said today that Coinbase could experience a bigger revenue opportunity from its Ethereum staking service.

According to the blockchain analytics firm Santiment Cardanos extensive holders holding between 10000 and 100000 ADA have accumulated an extra six percent of ADAs total supply.ADA proponents envision a feasible rapid price growth for the crypto asset in 2022 and have continued to accumulate ADA tokens in the past 5 weeks. The historical data shows that sharks large holders but not as large as whal

Adidas one of the worlds leading streetwear and sportswear brands has officially cut the controversial hip hop artist Kanye West from his multimillion sponsorship deal with them. West also known as Ye had a wild month overall having been thrown out of JP Morgan while wearing a Satoshi Nakamoto hat. In the official public announcement the fashion powerhouse confirmed that Adidas will stop the Adida

Acardex a Cardanobased decentralized exchange that enables seamless swap of native and nonnative tokens and trading of Cardanobased native tokens is thrilled to announce the commencement of its ACX token seed sale.Among the unique blockchain projects built on the Cardano network that has attracted the attention of investors is Acardex. The platform has been designed to be a key to unlocking liquid

The post This is Why Apecoin Plunged Heavily Whats Next For APE Price appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideThe cryptocurrency market is wellknown for its volatility and this is one of the biggest reasons for concern by government bodies. However amidst the volatility cryptocurrencies have always proved their worth.The global crypto market had closed the wee

Despite the recent setbacks in the crypto industry many are still hopeful for a better future outcome. In light of this David Rubenstein has declared his profound support for the crypto industry. David Rubenstein is the cofounder of The Carlyle Group a global equity investment company. Although many industries have been affected by the decline Rubenstein thinks they will survive.The American billi

PRESS RELEASE 8211 Please Read DisclaimerAfter selling out of the first two drops the third drop will go live on the 29th July at 11am UTC for 24 hours only.After the overwhelming response from the last two drops Urbanball is now set for its third featuring Brazil Edition street football NFTs. The latest drop on Binance NFT will have 10000 NFT Mystery Boxes featuring sports stars athletes skills a

A cryptocurrency payments processor FCF Pay has expanded its support for tokens within the Shiba Inu SHIB ecosystem and is considering adding a SHIB burning mechanism all at a time in which it listed rival memeinspired cryptocurrency BABYDOGE. In a tweet the cryptocurrency payments provider powered by French Connection Finance noted it expanded its support