Amber

AMP (previously known as Flexa Coin) is an open-source collateral Ethereum-based protocol that provides immediate, verifiable assurances for any transfer. It allows decentralized collateralization of cryptocurrency transactions and improves their speed and security across a vast set of financial use cases, including payments, exchange, lending, remittance, and more.

AMP was launched in September by Flexa in collaboration with the ConsenSys team. Flexa is a merchant payment network designed to enable the universal acceptance of digital assets. It is able to authorize instant and fraud-free transactions at a net cost less than interchange. Meanwhile, ConsenSys is the leading Ethereum software company that enables developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web.

Instead of using complex algorithmic models, AMP relies on the collateral of a high quality that features self-sustaining parameters to create a better utility. AMP offers a simple yet universal interface for verifiable collateral across collateral sections and collateral managers. AMP supports a wide variety of use cases for collateralization. Besides, it introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.

AMP is an ERC20-compliant token. Therefore, by paying with Ethereum for gas, you can send and receive AMP tokens using any ERC20-compatible wallet. AMP is available for trading on exchanges like Coinbase,Gate.io, Bittrex, ZB.COM, BitMart, and Bibox.

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Coin’s Details

  • Market Capitalization

    $3.30 B

  • Fully diluted valuation

    $6.82 B

  • Volume 24H

    $231.81 M

  • Circulating supply

    48 013 928 909

  • Total supply

    99 225 164 239

  • Circ. percent

    48.4%

  • All-time high

    $0.1200 (-42.8%)

  • All-time high date

    Jun 16th, 2021

  • All-time low

    $0.0025 (2 660%)

  • All-time low date

    Nov 4th, 2020

  • First announced

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