$0.000743

Amp is an open-source digital token designed to back value transfers, making them fast and efficient. When used as collateral, it ensures transactions are guaranteed and settle instantly, even if the underlying asset takes longer to finalize. During a transfer, Amp is held in escrow by collateral managers and released once the transaction settles successfully. This setup allows for speed without losing settlement assurance. Networks like Flexa use Amp to secure real-world payments and other value transfer scenarios. Amp employs collateral managers and token partitions to enable flexible collateralization. Token partitions let Amp be assigned as collateral without moving tokens to another address, while collateral managers control how collateral is locked and released. Through this structure, Amp serves as universal collateral for applications needing reliable and efficient value transfers.

Amp is a product of Flexa, a blockchain payments company headquartered in New York that focuses on financial technology and aims to create more efficient, secure, and affordable real-world payments. Flexa was co-founded in 2018 by Tyler Spalding, Trevor Filter, Daniel McCabe, and Zachary Kilgore.

Amp facilitates instant global payments by guaranteeing transaction value. Its flexible collateral system secures value transfers without needing intermediaries or altering the underlying asset. This enables Flexa to complete payments instantly at the point of sale, even if the digital asset takes minutes or hours to settle on the blockchain. Collateral managers can be tailored for different applications, and token partitions allow Amp to be used as collateral without moving tokens from their original address. This means value can be guaranteed without custody risk, delays, or added complexity for users. In essence, Amp eliminates settlement risk, ensuring merchants receive payment immediately regardless of the asset spent or settlement time. This makes Amp uniquely suited for Flexa and capable of powering instant, final digital payments at scale.

The AMP token is an ERC-20 token on the Ethereum blockchain. As of now, over 84 billion AMP tokens are in circulation, which is about 84% of the maximum supply of 99,720,006,935 coins. To minimize volatility, AMP's supply is fixed and non-inflationary.

AMP operates on the Ethereum blockchain, which uses a proof-of-stake (PoS) consensus mechanism for security. The Amp smart contracts have undergone audits by ConsenSys Diligence and Trail of Bits.

Amp (AMP) is available on several exchanges, including Binance, Coinbase Exchange, KuCoin, Uniswap, Gemini, SushiSwap, Bittrex, Huobi, Gate.io, Crypto.com Exchange, LBank, Bitrue, WhiteBIT, and XT.COM, among others. Coinasity shows the live AMP price, averaged across major exchanges.