AMP
Name
AMP
Summary
AMP is a digital collateral token that offers instant, verifiable collateralization for value transfers.
-AMP was developed by Flexa
-AMP is built on the Ethereum blockchain.
Rating
Symbol
AMP
Overview
AMP ensures the value of any transfer even while it's not confirmed; this confirmation process usually takes hours or days. AMP that is generally used as collateral tends to be released when the consensus for a particular transfer is completed, enabling users to collateralize another transfer. There is a provision to liquidate AMP if the transfer fails to cover losses.
AMP allows users to benefit from its collateralization, as it provides them with security and efficiency from the collateral, which is attestable on the immutable ledger
Historical Price Movement (in INR)
Technology
AMP is based on the collateral partition model, and the collateral partitions represent a subset of tokens that provide collateral for particular purposes; they are distinguished on the Ethereum Blockchain with unique partition addresses.
Each collateral partition can have a customized set of transfer hooks and privileges rules. A predefined partition strategy can be implemented to enable unique capabilities.
It is based on ethereum and therefore uses Solidity as its programming language.
AMP uses On- collateral managers, which are smart contracts that manage AMP for a specific collateralization application. Anyone can build and deploy collateral managers for their applications and use cases
AMP, when it is used on Flexa’s platform, can also provide for a system of network rewards that are highly elastic and exponential because it has a pivotal role within Flexa.
Use of Native tokens in the ecosystem: AMP Is used on Flexa as a collateral token for its flexible collateralization features. AMP can be staked in exchange of rewards funded by the merchant fees
Merchant development fund
25%
Developer Grants
25%
Flexa founding team
20%
Token sales
20%
Network development fund
10%
Volume (As of 10th april 2022)
$8,878,324
Total Supply
$99,213,408,535
Circulating Supply
$42,227,702,186
Crowd Sales
It has raised $20.1M in 5 rounds of investment
Funding
01/01/2021-ICO-NA
21/12/2020 -ICO-$14.1M
04/01/2020-ICO-$6M
11/04/2019-ICO-NA
10/01/2018-Angel round-NA
Country
United States of America
Name of Organization
Flexa Network, Inc.
Year Incorporated
2018
Registered Address
New york, New york, United States of America
Dispute Resolution and Governing Law
United states of America
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Daniel C McCabe | Co-Founder, COO, CCO | Chicago Kent College of Law, Illinois Institute of TechnologyNorthwestern University | 19Yrs |
| Trevor Filter | Co- Founder | - | 10Yrs |
| Tyler Spalding | Co- Founder | Massachusetts institute of technology, MBA, Entrepreneurship and innovationHarvard Business School, Master’s degree in Administration, Cross registrationUniversity of illinois Urbana, Champaign | 16Yrs |
| Ryan Records | VP partnerships | Washington State University,BA, FinanceWashington State University,MBA, Finance and technology | 18Yrs |
| Zachary Kilgore | Co- Founder | Duke University, Bachelors of Engineering (B.E), Computer Engineering | 14Yrs |
Whitepaper 
