Amp (AMP)

What Is AMP

AMP is an asset token that is used to collateralize payments on the Flexa Network which makes them instant and secure. AMP is built on Ethereum and follows the ERC-20 standard for tokens. The token can be bought as well as sold for digital currencies or FIAT currencies. The token is described as a digital collateral token that offers instant as well as verifiable assurances for any kind of value transfer and through AMP, a network such as Flexa can quickly secure transactions through irreversible means for a wide variety of different use cases which are related to assets.

Who Are the Founders

AMP was created by FLEXA. Flexa is based in New York and its team includes the founders Tyler Spalding, Trevor Filter, Zachary Kilgore, and Daniel McCabe. They have decades of experience in consumer payment products which they bring to the table throughout the development of the Flexa Network.

How AMP Works

The Flexa Network allows for supported cryptocurrencies to be used to pay for goods and services at a reduced price through a straightforward but versatile interface. The network uses the AMP token to collateralize these crypto payments while they are confirmed on their digital asset networks.

This is intended to solve slow confirmation times, price volatility, and broad adoption of the crypto market. Flexa has the token AMFlexa that collects the payments into FIAT to the recipient of the goods. AMFlexa implements smart contracts, has predefined partition strategies, release and redirect collateral functionality, even transactions, it is directly verifiable and has a solid market cap and the price of AMP has also been a recent boost due to these capabilities. AMP work is truly extraordinary and its market cap shows its true AMP price and value.

AMP Circulation

AMP truly has an exceptional market cap as well as market capitalization through its various collateral models that enable special capabilities. AMP has a circulating supply of 42.23B AMP.