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.

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Rating

A

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)

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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
NameDesignationEducationExperience
Daniel C McCabeCo-Founder, COO, CCOChicago Kent College of Law, Illinois Institute of TechnologyNorthwestern University19Yrs
Trevor FilterCo- Founder-10Yrs
Tyler SpaldingCo- FounderMassachusetts institute of technology, MBA, Entrepreneurship and innovationHarvard Business School, Master’s degree in Administration, Cross registrationUniversity of illinois Urbana, Champaign16Yrs
Ryan RecordsVP partnershipsWashington State University,BA, FinanceWashington State University,MBA, Finance and technology18Yrs
Zachary KilgoreCo- FounderDuke University, Bachelors of Engineering (B.E), Computer Engineering14Yrs