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Amp is now listed on Cryptology!

December 19, 2023
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Buy, sell and trade AMP‍

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📈 Spot trading of AMP/USDT is live

What is Amp?

Amp is a collateral protocol that gives users access to credit via the blockchain.

It is built on the Ethereum blockchain, creating digital Letters of Credit. These are letters that guarantee transactions can be verified via the blockchain between a sender and a receiver.

Amp is fully decentralized, giving users full control over the protocol for increased transparency.

Users of Amp provide collateral . This in turn allows alternative assets to be sent without disruption. 

How is Ampera used within the real-world?

  • Collateral for payment networks
  • Collateral for individuals
  • Collateral for DeFi platforms

Currently Flexa, the global leader in pure-digital payments, is using Amp. They use it to collateralize payments and enable anyone to spend their digital assets in the real world. 

Thanks to the robust nature of Amp, you can say goodbye to slow transaction processing times and also price volatility of assets that are common on transaction platforms.

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The Amp token

The native token for Amp is AMP.

It is used to primarily govern the ecosystem of Amp. Amp users create and vote on project initiatives by voting off-chain via Snapshot which allows gas-less activity.

To join in with governance you must hold AMP token or alternatively stake it via the protocol or via Flexa. Staking gives you further incentives such as rewards and an active position within the community. 

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Tokenomics:

AMP token was initially distributed like so:

  • 25% - merchant development fund
  • 25% - developer grants
  • 20% - the founding team and employees
  • 10% - network development fund
  • 20% - sold in token sales.

AMP’s market stats:

  • Current market cap: $163,341,889
  • Circulating supply: 42,227,702,186 AMP
  • Max supply: 99,444,125,026 AMP
  • Twitter: 54,442 followers 

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Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.