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Amp

AMP

EUR

About Amp

Amp is an Ethereum token that aims to “collateralize payments on the Flexa Network, making them instant and secure.” If a BTC or ETH payment fails due to unconfirmed or long transaction times “the Amp collateral can instead be liquidated to cover losses” while the vendor receives payment in fiat, potentially providing greater assurances to both parties.

Amp is an open-source, decentralized protocol that aims to provide collateral as a service. It is a digital collateral token that aims to provide instant, verifiable assurances for any kind of value transfer. Amp's primary function is to quickly and irreversibly facilitate transactions for a wide variety of asset-related use cases. It was launched in 2020 with the intention of providing a fast, efficient, and transaction platform. Amp's unique interface allows for verifiable collateralization through a system of collateral partitions and collateral managers. These partitions can be designated to collateralize any account, application, or transaction, and their balances are directly verifiable on the Ethereum blockchain.

Amp operates through collateral managers, which are smart contracts that can lock, release, and redirect collateral in partitions as needed to support value transfer activities. 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 built on Ethereum's blockchain, which is maintained by a proof-of-stake (PoS) consensus mechanism. The Amp smart contracts have been audited by ConsenSys Diligence and Trail of Bits, adding an extra layer of functionality to the network.

Amp supports a wide variety of use cases for collateralization. It can be used to collateralize any account, application, or transaction, providing a versatile solution for value transfer activities. For instance, Amp can be used to collateralize payment networks, enabling instant, fraud-free payments to merchants across digital payment networks. It can also be used by individuals to collateralize their own asset transfers, providing immediate margin relief during transactions. Furthermore, Amp can be integrated into new DeFi platforms and protocols, diversifying its current and future uses and effectively increasing its collateral quality.

Amp was launched in 2020 by Flexa, a blockchain payments company based in New York. The project was spearheaded by Tyler Spalding, the CEO of Flexa, who holds degrees in Mechanical Engineering and Aerospace, Aeronautical and Astronautical Engineering from the University of Illinois at Urbana-Champaign. He also holds an M.B.A from MIT and has been involved in blockchain projects since 2011. The Amp ecosystem is entirely open-source and decentralized, which helps to decentralize risk to its users through smart contracts. The project has been audited by ConsenSys Diligence and Trail of Bits, contributing to the functionality of the network.

Market

Germany Market Stats

Market cap

€267.7M

Volume (24h)

€13.0M

Circulating supply

42.2B AMP

Typical hold time

105 days

Popularity

#252

All time high

€0.11

Germany Market performance

Price change (1h)

+0.85%

Price change (1d)

-3.92%

Price change (1w)

-4.35%

Price change (2w)

-7.61%

Price change (1m)

-13.16%

Price change (1y)

+161.36%

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Coinbase Bytes

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Amp is on the decline this week.

The price of Amp has increased by 0.85% in the last hour and decreased by 3.92% in the past 24 hours. Amp’s price has also fallen by 4.35% in the past week. The current price is €0.0064 per AMP with a 24-hour trading volume of €13.03M. Currently, Amp is valued at 94.41% below its all time high of €0.11. This all-time high was the highest price paid for Amp since its launch.

The current circulating supply of Amp is 42,227,702,186 AMP which means that Amp has as total market cap of 42,227,702,186.

FAQ

What is the current price of Amp?

We update our Amp to EUR currency in real-time. Get the live price of Amp on Coinbase.

What is the market cap of Amp?

The current market cap of Amp is €267.65M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Amp?

The all-time high of Amp is €0.11. This all-time high is highest price paid for Amp since it was launched.

What is the 24 hour trading volume of Amp?

Over the last 24 hours, the trading volume of Amp is €13.03M.

What other assets are similar to Amp?

Assets that have a similar market cap to Amp include Maverick Protocol, 0x0.ai, Stratis [Old], and many others. To see a full list, see our comparable market cap assets.

How many Amp are there?

The current circulating supply of Amp is 42 billion.

What is the typical holding time of Amp?

The median time that Coinbase customers hold Amp before selling it or sending it to another account or address is 105 days.

What is the relative popularity of Amp?

Amp ranks 17 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Amp?

Currently, 99% of Coinbase users are buying Amp. In other words, 99% of Coinbase customers have increased their net position in Amp over the past 24 hours through trading.

Can I buy Amp on Coinbase?

Yes, Amp is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Amp guide.