![]() Users can unstake the tokens anytime without worrying about the locking period. Staking helps the users receive a cut in the fee paid by the merchants.įlexa AMP staking will earn just 1.98% APYĭespite the low staking reward, users stake AMP on Flexa because it has no cooldown period. It is important to notice that the total AMP displayed in the staking pool are the actual tokens used as collateral for the transaction which means the system can support fixed number of transactions where AMP can be used as collateral. Choose the app on which you wish to stake tokens and that’s it, it’s done. After choosing the preferred staking option, user will have to visit the connected wallet and click the stake button below the AMP tokens. Once the wallet is connected, user can click the explore tab to display the staking option. In the backend, the app will process the request and swap the tokens to the favoured currency set by the merchant which further reduces the gas fee. Merchant will scan the QR code on the user’s app and the funds will be automatically transferred to the merchant’s account. Users can pay the merchant using supporting apps like GEMINI. The whole idea is to have a legal & centralized payment operator (Flexa) and a decentralized network (AMP) for faster and secure payments that support a range of cryptocurrencies with the ability to settle payments in fiat. The total supply of AMP tokens is capped at 100 billion In order to understand the need for AMP coin in Flexa network, let us understand how it works. It is a collateral token designed to decentralize the risk in the payments, thereby reducing the assurance cost from existing networks. What is AMP Coin?ĪMP is an Ethereum based ERC20 token. Since the technology behind Flexacoin does not support staking, the team introduced AMP coin.įlexacoin holders were able to swap their coins to AMP in a 1:1 ratio. ![]() Checkout the list of cryptocurrencies supported by Flexa network.įlexa held the ICO of Flexacoin in 2018 followed by the release of apps (including SPEDN & GEMINI) supporting Flexa network. AMP has a circulating supply of 42.23B AMP.Ĭheck our step by step guide on where and how to buy AMP.With the use of authorization code, complete payment amount is transferred from the customer’s account balance and converted by Flexa network at a lightning fast speed with 100% settlement guarantee. AMP work is truly extraordinary and its market cap shows its true AMP price and value.ĪMP truly has an exceptional market cap as well as market capitalization through its various collateral models that enable special capabilities. AMFlexa implements smart contracts, has predefined partition strategies, release and redirect collateral functionality, even transactions, it is directly verifiable and has a solid market cap and the price of AMP has also been a recent boost due to these capabilities. Flexa has the token AMFlexa that collects the payments into FIAT to the recipient of the goods. This is intended to solve slow confirmation times, price volatility, and broad adoption of the crypto market. The network uses the AMP token to collateralize these crypto payments while they are confirmed on their digital asset networks. The Flexa Network allows for supported cryptocurrencies to be used to pay for goods and services at a reduced price through a straightforward but versatile interface. They have decades of experience in consumer payment products which they bring to the table throughout the development of the Flexa Network. Flexa is based in New York and its team includes the founders Tyler Spalding, Trevor Filter, Zachary Kilgore, and Daniel McCabe. The token is described as a digital collateral token that offers instant as well as verifiable assurances for any kind of value transfer and through AMP, a network such as Flexa can quickly secure transactions through irreversible means for a wide variety of different use cases which are related to assets.ĪMP was created by FLEXA. The token can be bought as well as sold for digital currencies or FIAT currencies. AMP is built on Ethereum and follows the ERC-20 standard for tokens. AMP is an asset token that is used to collateralize payments on the Flexa Network which makes them instant and secure.
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