AMP Live Price

What is AMP?

AMP is a collateral cryptocurrency, previously known as Flexacoin. It is a relatively new currency as it launched in 2020. The main use of AMP is to support transactions on the Flexa Network. Worth mentioning that AMP, similar to most Altcoins, was created on the Ethereum blockchain and uses the same features.

AMP is a collateral currency which means it is a secondary payment method that supports the main transactions on the Flexa Network. Users of the network purchase AMP tokens to secure their transactions.

Whenever they buy or sell something on the network, the transactions use two payments; the initial payment method and AMP. If the transaction failed for any reason, the AMP will be liquidated and both parties of the transaction will get their payments. Thus, AMP provides an extra security layer to any crypto transactions.

AMP covers many transactions such as digital payments, loan payments, and currency exchanges including crypto and fiat currencies, property sales, and any kind of digital financial exchange. The main goal is to secure the transaction and decrease fraud.

AMP has a limited number of tokens in the whole network. This measure is applied to many altcoins to prevent volatility as much as possible and encourage long-term adoption.

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How much is AMP worth?

AMP (AMP) is worth 0.02 USD as of March 15, 2022, 2:18 am UTC time. View the interactive graph to see how much AMP has changed in the last hour or historically. 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.