Amp (AMP)

 Basics

• Announced on: 8-9-2020
• Mainnet release:
• Based in:
• From the announcement (8-9-2020):

"A new token and staking platform that has been designed to support the instant, transparent, and verifiable collateralization of any type of value transfer — whether fast or slow, digital or physical, like-kind or multi-asset."

History

• Came out of a partnership between Flexacoin and Consensys. Flexacoin has migrated completely towards Amp:

"Because of the nature of the interfaces required to implement the new capabilities of Amp, it wouldn’t have been possible to simply upgrade the Flexacoin token using its existing smart contract or at its existing contract address. Therefore, Amp was necessarily developed as a new, separate token, which is now available to be migrated from Flexacoin at a rate of 1:1.

Although the functionality of Amp as collateral vastly exceeds that of its predecessor, the supply and economics of Amp remain identical to that of Flexacoin. Amp will retain Flexacoin’s fixed and fully diluted supply of 100 billion tokens, as well as the same long-term token distribution and supply curve that have previously been outlined.

As of today, Flexa has begun using Amp as the primary collateral for securing all transactions on its pure-digital payments network. Starting now and continuing for the next three weeks, Flexa Capacity will use a combination of Flexacoin and Amp to collateralize payments on the Flexa network, and Flexa will continue to distribute network rewards based on any wallet’s combined FXC and AMP balance.

On Wednesday, September 30, 2020, Flexa Capacity will stop supporting Flexacoin as collateral, and Flexa will destroy its ownership of the Flexacoin token contract. At that time, network rewards in Flexa Capacity will begin to be distributed on the basis of AMP balances alone. Any Flexacoin remaining in Flexa Capacity after September 30 will still be available to migrate to Amp; however, at that time, Flexacoin will stop being used by the Flexa network as collateral for payments, and Flexacoin balances will no longer earn any network rewards."

Technology

• Whitepaper can be found here (18-9-2020).
• Code can be viewed here.
• Built on: Ethereum, ERC20

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].
• From the announcement (8-9-2020):

"The Amp smart contracts have been thoroughly audited by leading security research firms ConsenSys Diligence and Trail of Bits."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].