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What is Amp?
Amp is described as the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for a wide variety of asset-related use cases.
How does Amp work?
Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Where collateral partitions can be designated to collateralize any account, application, or even transaction, and carry balances which are directly verifiable on the Ethereum blockchain, collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed in order to support value transfer activities. Amp supports a wide variety of use cases for collateralization, and also 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.
The recent Amp (AMP) price today is $0.004942 USD. We update our AMP to USD on frequent basis. The current Amp situation is up 1.5609% in last 24 hours. The current grepget rank is #102. Amp has a circulating supply of 77,058,950,758.33023 AMP coins and a max supply of 99,444,923,968.0213 AMP coins.