Market Cap
$553,145,287.0
Fully Diluted Valuation
$651,530,445.9
24 Hour Trading Vol
$23,698,714.8
Circulating Supply
84,231,565,354.5
Total Supply
99,213,408,535.0
Max Supply
∞
Amp Price
$0.006567
24h Range
$0.006467 - $0.007359
Percent Change 1h
-1.96%
Percent Change 24h
-9.12%
Percent Change 7d
-15.42%
All-time high
$0.121
All-time low
$0.001409
1D
7D
1M
1Y
All
Amp (AMP) is a digital collateral token designed to facilitate instant and secure transactions across various blockchain networks. Introduced in 2020 by Flexa, Amp aims to provide a reliable and efficient mechanism for ensuring that payments are settled even in the case of transaction failures. Its primary purpose is to serve as collateral for digital assets, allowing users to transact with confidence. As of 2024, Amp has gained significant traction, with a market capitalization exceeding $1 billion and a circulating supply of approximately 42 billion tokens.
Amp was founded by a team of experts in the blockchain and payments industry, with notable figures including Tyler Spalding, who is the CEO of Flexa. Flexa itself is a payment network that enables cryptocurrency transactions at physical retail locations. The team behind Amp combines experience from previous ventures in technology, finance, and blockchain, positioning Amp as a robust solution for collateralized payments.
Amp operates on the Ethereum blockchain, utilizing smart contracts to facilitate its collateralization process. When a user makes a payment using a cryptocurrency, Amp can be used to secure the transaction by locking a certain amount of AMP tokens as collateral. If the transaction is confirmed successfully, the collateral is released; if it fails, the collateral can be used to cover any losses. This mechanism significantly reduces the risk associated with cryptocurrency transactions, providing merchants and users with a reliable way to handle payments. The Amp protocol functions as a decentralized network, allowing for seamless integration with various payment systems and applications.
Amp has several practical applications that showcase its versatility in the crypto space:
Keeping your Amp tokens secure is crucial for any investor or user. Here are several strategies to ensure the safety of your assets:
Investing in Amp (AMP) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Amp: Once your account is funded, you can purchase Amp directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Amp using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Amp (AMP) is currently trading at $0.006567 and exhibits good potential for future growth. Check the latest Amp (AMP) price prediction.
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