Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
Amp

coin.price_trendingAMP

focusIcon
subscribe
coin.quote_currency:
USD

coin.calculator

coin.calculator_tips
AMP
VectorImg
USD
1 AMP = 0.003655 USD
coin.update_time(UTC-0)
coin.buy_coin

technical.price_summary.title

coin.price_live_data

technical.price_summary.p1

technical.price_summary.a1

technical.price_summary.p2

technical.price_summary.a2
profit_calculator.calculate_tokenname_profit

coin.prediction

technical.price_summary.p3

technical.price_summary.a3_1
technical.price_summary.a3_2
technical.price_summary.a3_2
technical.price_summary.a3_2

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

rating.title_new

rating.from
4.4
rating.person
rating.des

coin.about_title

What is Amp (AMP)?

The digital collateral token Amp is an open-source, decentralized protocol that offers collateral as a service. It enables Flexa and other networks to secure an array of asset-related use cases with instant and verifiable assurances. Launched in 2020, Amp strives to be a reliable and rapid transaction platform that effectively addresses common network issues such as slow confirmation times, price volatility, and broad adoption.

How does Amp (AMP) Work?

You can use AMP to collateralize assets like BTC or ETH, which can then be used to make instant payments via Flexa. AMP is a versatile tool for securing a wide range of assets, including fiat currency, property sale proceeds, loan distributions, and digital payments.

When you make a payment with AMP through Flexa, the transaction is secured by staking and smart contracts that lock assets until the transaction is verified. Once the transaction is verified, the collateral is automatically released to the parties involved in the transaction.

Developers can also use AMP's open-source technology to create secure transfer and collateralization platforms or applications. AMP provides transaction insurance by using collateralized AMP to offset losses incurred by counterparties in the event that a transaction fails. AMP eliminates the need for third-party intermediaries, such as merchant settlement, in consumer-to-business payments by decentralizing transaction insurance.

What makes Amp (AMP) Unique?

The Amp platform operates on an open-source and decentralized ecosystem that leverages smart contracts to distribute risk among users. This approach allows Amp to integrate value transfer and assets while simultaneously protecting buyers and sellers from fraudulent activity and potential losses.

When merchants accept payments through Flexa, they pay a commission and receive insurance against any transfer issues. If a merchant fails to receive the required crypto assets, the network will liquidate the necessary amount of AMP tokens to cover the losses, which act as collateral.

The Flexa network, combined with the AMP token, provides a unique and decentralized solution for crypto transactions. Investors can buy and stake AMP tokens to receive passive income, while merchants can accept almost instant and insured payments.

How is the Amp (AMP) Network Secured?

The blockchain powering AMP is Ethereum, which uses a proof-of-stake (PoS) consensus mechanism for added security. ConsenSys Diligence and Trail of Bits have thoroughly audited the Amp smart contracts to ensure their reliability.

Does AMP Have A Use Case?

Flexa is a unique collateralization protocol that allows for the collateralization of assets in any exchange or transaction without relying on a centralized third party. Using AMP, counter-parties can guarantee the validation and execution of a digital asset transaction within a prescribed time frame. Should the transaction fail to be executed within the specified time frame, the collateralized AMP can be liquidated to fulfill the value exchange.

Conclusion

In summary, AMP tokens have transformed the way transactions are conducted by introducing collateralization. This innovation ensures secure and efficient transactions, making it an ideal solution for users looking for transparency and security in their financial dealings. AMP's flexibility and integration into the DeFi ecosystem make it a practical option for anyone looking for innovative digital financial solutions. As the use of cryptocurrencies and decentralized finance expands, AMP remains at the forefront of such innovative developments.

technical.performance.title

coin.24Hcoin.7dayscoin.30dayscoin.90dayscalculator.common.one_yearcoin_market.all_time
-3.27%-6.18%-4.21%+0.06%+105.99%-61.59%

technical.history.title

technical.history.coin_code_price
coin_market.timecoin.lowcoin.high
24h$0.003626$0.003894
7d$0.003626$0.004211
30d$0.003580$0.005087
90d$0.002782$0.005087
1y$0.001659$0.02150
coin_market.all_time$0.0007946(2020-11-17, coin_market.years_ago )$0.1211(2021-06-16, coin_market.years_ago )

coin.market_info

coin_market.cap
$295,044,630.89
-3.27%
coin_market.fully_cap
$362,629,458.04
-3.27%
coin_market.volume_24h
$19,638,764.23
+99.51%
coin_market.market_raking
coin_market.circula_rate
+81.00%
coin_market.volume_cap
0.0665
coin_market.circula_supply
80,722,575,000 AMP
coin_market.total_max_supply
99.21B AMP
-- AMP
coin.ico_price
$0.001000 coin.ico_detail
calculator.faq_btn

coin.how_to_buy

calculator.htb.step1_title

calculator.htb.step1_title

calculator.htb.step1_des
calculator.htb.step2_title

calculator.htb.step2_title

calculator.htb.step2_des
calculator.htb.step4_title

calculator.htb.step4_title

calculator.htb.step4_des

coin.excellent_traders.title

coin.excellent_traders.p
China cuts benchmark lending rates by 25 basis points to boost economic recovery
China cuts benchmark lending rates by 25 basis points to boost economic recovery

Share link:In this post: The People’s Bank of China has announced 25 basis point cuts in its main benchmark lending rates in a bid to boost economic recovery. The Chinese central bank lowered its one-year loan prime rate (LPR) to 3.1% and the five-year LPR to 3.6%. The five-year LPR is the benchmark for mortgage rates, while the one-year LPR affects corporate loans and most household loans in China.

Cryptopolitan2024-10-21 08:18

faq.name

faq.one

faq.one_answer_new

faq.two

faq.two_answer

faq.third

faq.third_answer

faq.fourth

faq.fourth_answer

seo_faq.qustion1

seo_faq.answer1

seo_faq.qustion2

seo_faq.answer2

coin_price.buy_coin_title

coin_price.buy_coin_title_app
coin_price.buy_coin_guidance
google download badgeios download badge
coin_price.trade_bg_exchange
coin_price.trade_bg_exchange_guidance

video_section.h2_title

play cover
video_section.right_title
1. video_section.description1
2. video_section.description2
3. video_section.description3
4. video_section.description4
5. video_section.description5
6. video_section.description6
7. video_section.description7
faq.des

price_sidebar.trade

common_header.earn

coin.excellent_traders.btn

BountyHunter-Q
BountyHunter-Q
insight1285/1300
12712.40%
price_sidebar.roi
price_sidebar.total_pnl $263,874.97
PHOENXCORP
PHOENXCORP
insight106/750
251.91%
price_sidebar.roi
price_sidebar.total_pnl $969,025.23
coin.contracts
coin.morecoin.more
https://img.bitgetimg.com/multiLang/develop/web/ETH.png
Ethereum
0xff20...11095c2
copy
wallet
coin.links
coin.websitecoin.whitepapercoin.twittercoin.github

coin.related_assets

coin_related.also_view
coin_related.also_view_tips
coin_related.trending
coin_related.trending_tips