![]() ![]() Metrics for AMP token and Flexa Capacity (as of )ĪMP trading volume: $1M (e.g. io/)) that have integrated the Flexa SDK to enable real-world spending at merchants like Nordstrom, Lowes, Gamestop, Petco, and Baskin Robbins.įlexa is ranked #14 on DeFi Pulse with $180M locked, and #1, with 90% dominance in Payments (*Note, Amp was formerly Flexacoin (FXC) but there was a 1:1 swap of the tokens in Sep 2020 due to an upgrade.įor: List AMP as collateral asset on CREAM There are currently two projects ((and (spedn. network) to wallet projects in order to secure digital payments at merchants. The token is staked by the community in the Flexa Capacity contract (app.flexa. The post Why Amp Could Become a Universal Collateral Token appeared first on InvestorPlace.Amp is a collateral token used on the Flexa network (flexa. Get in Now on Tiny $3 ‘Forever Battery’ StockĮarly Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” Man Who Called Black Monday: “Prepare Now.” Stock Prodigy Who Found NIO at $2… Says Buy THIS Now ![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Stavros Georgiadis, CFA did not have (either directly or indirectly) any positions in the securities mentioned in this article. The real-world cases that support the use of Amp involve collateral for payment networks, for individuals, and DeFi platforms. I would say that these two features are innovative as it is the first time, relating to any cryptocurrency. Token partitions are advanced rules used on distinct spaces tied to the same digital address that can perform tasks such as “staking” tokens to generate income without an actual transfer of them to a smart contract. Collateral managers and token partitions.Ĭollateral managers resemble escrow accounts in traditional banking, but they can be customized according to rules and specifications and can be used as collateral to support applications. Not all financial transactions need collateral, but the cryptocurrency market is full of stories related to scams and money laundering issues that should lead to a global regulation at some point.Īmp has not one but two innovations to transform digital transfers. With a market capitalization of approximately $1.18 billion, Amp seems to have an excessive premium for the collateral service it offers.įast and efficient transfers in the real world are highly sought but I have my doubts whether Amp can act as universal collateral for anyone. In essence, the biggest advantage of Amp gets eliminated. The Bearish ScenarioĪssuming there is no top urgency for making a digital transfer, there is no need for collateral or speeding up the process. That is a massive amount.Īmp claims it wants to “ take money into the 21 st century” by providing “instant, verifiable assurance for any real-world application.” Is this not a great utility? Taking it one step further you can decentralize risk by using smart contract features for collateral. Sending a Bitcoin as payment would require having more than 1.5 million Amp tokens. Take for example the price of Bitcoin ( BTC-USD) that as of March 2, is near $44,000. I would say it is possible but for rather small amounts. What about the actual figure of the transaction though? Is it also possible to cover the total cost of the transaction including the additional fees? Should the transactions take too long to process AMP tokens, it can be liquidated to cover the costs so that the receiving party receives the payment. Here is when the collateral use gets tricky. How is this transaction speed up achieved? Amp users can put their Amp tokens as collateral for transactions on cryptocurrency networks. “ AMP, the native cryptocurrency of the Amp blockchain, is a collateralized token designed to speed up transactions in cryptocurrency networks, including the two largest in the world - Bitcoin and Ethereum.” Utility and scalability are key drivers that can gain the attention and interest of both retail and institutional investors.ħ Metals Stocks to Buy to Mine Profits in 2022 In 2022 and beyond one of the most critical questions to ask about any coin or token to decide to invest in it or not is the technology of the blockchain protocol if it is a coin and whether there is a potential for massive utility and scalability. Lets’ start with the bullish scenario first. ![]() InvestorPlace - Stock Market News, Stock Advice & Trading Tips ![]() Pick a scenario that is based not on emotions but logic and arguments. In this article about Amp, there are two different scenarios, representing a bullish and a bearish view. It is too cheap, but should you invest in it? A cheap token can get easily cheaper as the cryptocurrency market is too volatile. The current CoinMarketCap ranking is #71 and the latest price as of March 2 is $0.02809. A digital image of the Amp (AMP) crypto logo in bright pink. ![]()
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