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What is Amp (AMP) Crypto?

AMP token is a Cryptocurrency built on the Ethereum network an ERC-20 token that serves as a digital collateral for payments primarily on the Flexa Network, making it possible for instant and secure payments. This ensures that payments are secured through collateralization, allowing merchants to confirm receipts of payment digitally before the actual blockchain confirmations are finalized. This avoids counterparty risks while ensuring faster transaction times.

 AMP is a vital element of the Ampera Protocol, a decentralized framework that will speed up the collateralization of digital assets, creating a secure, modern, and trustless method of transferring assets for greater and faster transaction efficiency. 

AMP was co-founded by Tyler Spalding and Zachary Kilgore (the founders of Flexa Network). The token was launched in September 2020 as a solution for decentralized collateralization. Tyler Spalding has over two decades of experience in tech and engineering, and holds more than 50 technology patents, while Kilgore is a software engineer and front-end developer with expertise in digital services.

What is an AMP Token?

AMP is a native token of the Flexa Network. AMP token secures transactions on the Flexa Network by providing collateralization, ensuring fast and reliable payments. Key use cases include collateralizing transactions, staking via Flexa Capacity for rewards, and offering merchant assurance by guaranteeing payments, even during blockchain confirmation delays, enhancing payment reliability.

AMP Coin Performance Highlights

AMP Coin, launched on September 9, 2020, with an initial Amp price listing of $0.0096. The token was first listed on Gemini Exchange. Before its public listing, AMP raised significant funds through two private sales. The first sale, held in December 2018, raised $14.1 million, with the token priced at $0.001. The second private sale occurred in September 2020, raising $5.9 million at the same price of $0.001 per token. 

Where can you buy AMP Token?

You can buy AMP from legit crypto exchanges that support ERC-20 coins, including Gemini, Binance, Coinbase, Changelly, and Bitstamp. They provide different payment methods, from credit cards to bank transfers and third-party services, thus making it easy to purchase and trade AMP crypto.

Wallets for AMP Token?

Being an ERC-20 Ethereum-supporting token, AMP can be stored in Ethereum-compatible wallets. 

• Software wallets, such as MetaMask, Trust Wallet, Exodus, and Atomic Wallet, allow for easy functioning with AMP tokens and dApps. 

• Hardware wallets like Ledger, Trezor, and CoolWallet Pro provide offline storage and remain a more secure option. 

• Online and exchange wallets like Gemini Wallet and Coinbase Wallet allow easy access. 

• Some stakers of AMP tokens use Flexa Capacity as a platform for earning passive income while supporting the Flexa Network.