Amp Price

Amp is a digital collateral token that operates on the Ethereum blockchain. Launched in 2020, AMP serves as the native token for the Flexa payment network, designed to secure transactions by acting as collateral while payments are being confirmed. Currently ranked #239 with a price of $0.002239, AMP has seen -4.67% change in the last 24 hours. Amp enables instant, fraud-proof transactions across various payment networks by collateralizing payments until they're finalized. With a circulating supply of 84.28B AMP out of 99.72B AMP total tokens, AMP has a market cap of $188.7M. The token is particularly valuable for merchants who want to accept digital payments with minimal risk, as it guarantees transactions even before they're fully processed on the blockchain, effectively reducing payment failures and fraud.

Amp was created on September 8, 2020. It was launched by Flexa as a digital collateral token on the Ethereum blockchain. Amp serves as the native token for the Flexa payment network, designed to provide instant, secure transactions for merchants and consumers. Since its launch, Amp has established itself as an important utility token in the digital payments ecosystem.

Amp was founded by Tyler Spalding, Trevor Filter, Zachary Kilgore, and Daniel McCabe. These entrepreneurs established Amp through Flexa, a New York-based company focused on payment solutions. The founding team brings extensive experience in consumer payment products and blockchain technology, which has been instrumental in developing Amp as a digital collateral token since its launch in 2020.

Amp works as a digital collateral token on the Flexa Network, designed to secure payment transactions. When someone makes a purchase using the Flexa Network, AMP tokens are staked as collateral to guarantee the transaction while it's being confirmed on the blockchain. This system enables instant, fraud-proof payments for merchants while reducing transaction fees compared to traditional payment methods. The AMP token follows the ERC-20 standard on the Ethereum blockchain and uses a unique 'collateral partition' system that allows tokens to be locked in smart contracts while still being transferable. Currently ranked #239 with a price of $0.002239, Amp has a market cap of $188.7M and a 24-hour trading volume of $284.01K. With 84.28B AMP tokens in circulation out of a total supply of 99.72B AMP, Amp serves as the backbone of a decentralized payment guarantee system that bridges traditional commerce with blockchain technology.

Amp operates on a dual-layer technical architecture. At its foundation, it's built as an ERC-20 token on the Ethereum blockchain, leveraging Ethereum's security and smart contract functionality. The token implements a unique collateralization mechanism through its 'collateral partition strategy,' which allows tokens to be locked as collateral while transactions are pending. The architecture includes specialized smart contracts that manage the staking and unstaking processes, with the Flexa Capacity system handling collateral pools. Amp's technical design incorporates partition strategies that enable tokens to be designated for specific purposes while maintaining fungibility. The system uses a proof-of-stake consensus mechanism where token holders can stake their Amp to secure the network and earn rewards. This architecture enables Amp to serve as digital collateral that can guarantee transactions across various payment networks, reducing counterparty risk and facilitating instant, secure value transfers.

Amp's future roadmap focuses on expanding the Flexa Network ecosystem, which enables instant crypto payments at major retailers. The development team is working on enhancing collateralization capabilities, improving scalability, and increasing merchant adoption. By 2026, Amp aims to complete its integration with more payment platforms and expand globally. For 2027-2028, the roadmap includes developing advanced staking mechanisms and introducing new use cases beyond retail payments. The long-term vision (by 2031) involves establishing Amp as the standard digital collateral token across various financial applications. The team is also exploring cross-chain functionality to ensure AMP remains competitive in the evolving DeFi landscape. With current market cap at $188.7M and price at $0.002239, Amp's future growth will largely depend on Flexa Network adoption rates and broader crypto market conditions.