Difference between revisions of "Amp (AMP)"
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== | From the [https://medium.com/flexa/flexa-capacity-is-migrating-to-amp-636bd94e1241#:~:text=Any%20Flexacoin%20remaining%20in%20Flexa,longer%20earn%20any%20network%20rewards. 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."'' | |||
==Basics == | |||
* Announced on: 8-9-2020 | * Announced on: 8-9-2020 | ||
* [[Mainnet]] release: | * [[Mainnet]] release: | ||
* Based in: | * Based in: | ||
== History == | |||
* Came out of a [https://medium.com/flexa/flexa-capacity-is-migrating-to-amp-636bd94e1241#:~:text=Any%20Flexacoin%20remaining%20in%20Flexa,longer%20earn%20any%20network%20rewards. partnership] between [[Flexacoin (FXC)|Flexacoin]] and [[Consensys]]. Flexacoin has migrated completely towards Amp: | |||
"''Because of the nature of the interfaces required to implement the new capabilities of [[Amp (AMP)|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 [https://medium.com/flexa/introducing-flexacoin-b4c8099e3a91 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, [https://app.flexa.network/ 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 [[Admin Key|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."'' | |||
== Audits & Exploits == | |||
* [[Bug bounty]] program can be found [insert here]. | |||
* From the [https://medium.com/flexa/flexa-capacity-is-migrating-to-amp-636bd94e1241#:~:text=Any%20Flexacoin%20remaining%20in%20Flexa,longer%20earn%20any%20network%20rewards. announcement] (8-9-2020): | * From the [https://medium.com/flexa/flexa-capacity-is-migrating-to-amp-636bd94e1241#:~:text=Any%20Flexacoin%20remaining%20in%20Flexa,longer%20earn%20any%20network%20rewards. announcement] (8-9-2020): | ||
'' | "''The Amp smart [[contracts]] have been [https://diligence.consensys.net/audits/2020/06/amp/ thoroughly] [https://github.com/trailofbits/publications/blob/master/reviews/amp.pdf audited] by leading security research firms [[ConsenSys Diligence]] and [[Trail of Bits]]."'' | ||
== | === Bugs/Exploits === | ||
== Governance == | |||
=== Admin Keys === | |||
=== DAO === | |||
=== Treasury === | |||
* [https://blog.bancor.network/nexus-mutual-joins-30-daos-adopting-bancors-dao-treasury-management-solution-2eb60b762259 Plans] to [[stake]] their treasury (or parts of it) in [[Bancor Token (BNT)|Bancor]] V3 (9-3-2022). | |||
== Token == | == Token == | ||
=== Launch === | === Launch === | ||
| Line 26: | Line 41: | ||
* Built on: [[Ethereum]], [[ERC20]] | * Built on: [[Ethereum]], [[ERC20]] | ||
=== How it works === | === How it works === | ||
=== | === Fees === | ||
=== Upgrades === | |||
=== Staking === | === Staking === | ||
=== Liquidity Mining === | === Liquidity Mining === | ||
=== | === Scaling === | ||
=== Interoperability === | === Interoperability === | ||
=== Other Details === | === Other Details === | ||
== | == Oracle Method == | ||
== | == Privacy Method == | ||
== | == Compliance == | ||
== Their Other Projects == | == Their Other Projects == | ||
== Roadmap == | == Roadmap == | ||
* Can be found [Insert link here]. | * Can be found [Insert link here]. | ||
== Usage == | == Usage == | ||
=== Projects that use or built on it === | === Projects that use or built on it === | ||
== Competition == | == Competition == | ||
== Pros and Cons == | == Pros and Cons == | ||
=== Pros === | === Pros === | ||
=== Cons === | === Cons === | ||
== Team, Funding, | == Team, Funding, Partners == | ||
=== Team === | === Team === | ||
* Full team can be found [here]. | * Full team can be found [here]. | ||
Latest revision as of 04:54, 21 March 2022
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."
Basics
- Announced on: 8-9-2020
- Mainnet release:
- Based in:
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."
Audits & Exploits
- 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."
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token allocation
Utility
Token Details
Stablecoin
Technology
- Whitepaper can be found here (18-9-2020).
- Code can be viewed here.
- Built on: Ethereum, ERC20
How it works
Fees
Upgrades
Staking
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding, Partners
Team
- Full team can be found [here].
