Difference between revisions of "Amp (AMP)"

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== Basics ==
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):
''"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."''
"''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]]."''


== History ==
=== Bugs/Exploits ===
* 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.''
== Governance ==


''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].''
=== Admin Keys ===
=== DAO ===
=== Treasury ===


''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.''
* [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).


''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."''
== Token ==
== Token ==
=== Launch ===
=== Launch ===
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* Built on: [[Ethereum]], [[ERC20]]
* Built on: [[Ethereum]], [[ERC20]]
=== How it works ===
=== How it works ===
=== Mining ===
=== Fees ===
=== Upgrades ===
=== Staking ===
=== Staking ===
=== Liquidity Mining ===
=== Liquidity Mining ===
=== Layer Two ===
=== Scaling ===
=== Different Implementations ===
=== Interoperability ===
=== Interoperability ===
=== Other Details ===
=== Other Details ===
== Privacy Method being used ==
== Oracle Method ==
=== Compliance ===
== Privacy Method ==
== Oracle Method being used ==
== Compliance ==
== Their Other Projects ==
== Their Other Projects ==
=== DEX ===
== Governance ==
=== DAO ===
=== Treasury ===
== Upgrades ==
== Roadmap ==
== Roadmap ==
* Can be found [Insert link here].
* Can be found [Insert link here].
== Audits ==
* [[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):
"''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/Hacks ===
== Usage ==
== Usage ==
=== Projects that use or built on it ===
=== Projects that use or built on it ===
== Competition ==
== Competition ==
== Coin Distribution ==
== Pros and Cons ==
== Pros and Cons ==
=== Pros ===
=== Pros ===
=== Cons ===
=== Cons ===
== Team, Funding, Partnerships, etc. ==
== 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

"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

"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

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].

Funding

Partners