|All Time High:|
|Market Cap: |
|The price of #AMP today is $0.00487 USD.|
The lowest AMP price for this period was $0, the highest was $0.00487, and the exact current price of one AMP crypto coin is $0.00486764.
The all-time high AMP coin price was $0.12.
Use our custom price calculator to see the hypothetical price of AMP with market cap of BTC and how the supply of AMP affects the price at different market capitalizations.
|The code for Amp is also #AMP. |
Amp is 2.1 years old.
|The current market capitalization for Amp is $205,549,309.|
Amp is ranking downwards to #143, by market cap (and other factors).
|There is a big daily trading volume on #AMP.|
Today's 24-hour trading volume across all exchanges for Amp is $3,475,132.
|The circulating supply of AMP is 42,227,702,186 coins, which is 42% of the maximum coin supply.|
Relatively, Amp has a large supply of coins, 1,919 times larger than Bitcoin's supply, for example.
|Note that there are multiple coins that share the code #AMP, and you can view them on our AMP disambiguation page.|
Introducing the Amp token grant committee
The first Amp token grant committee members have been chosen! Grant committee members were chosen based on their tenure in the Amp community and their passion for growing Flexa, the world’s first purely digital asset payment network. The first grant committee will consist of 9 members who will serve for one year. After the initial one-year term, nominees for the next Amp token grant committee will be submitted and voted on by the community. Without further ado, here is the first Amp token grant committee! More details on submitting grant proposals, grant committee proposal voting & community proposal voting, and the operational address for the grant committee are coming soon! Introducing the Amp token grant committee was originally published in Amp Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Digital payments from any network: Flexa’s new Transformers and multi-chain Payments products
Flexa is a pure-digital payments network that uses Amp as collateral to provide instant, fraud-proof digital asset payments for merchants worldwide. Anyone can use apps to spend via Flexa without even knowing about the existence of Amp, just as anyone can use a credit card without knowing how legacy payment networks function. People who choose to secure the Flexa network by staking Amp tokens, however, earn rewards for decentralizing payment risk. Flexa was built to enable any app to spend any digital currency at any merchant and is live across the US, Canada, and Latin America. Last September, Flexa introduced Transformers for the Flexa network, providing merchants in El Salvador with a new way to easily accept bitcoin via the Lightning Network without the need to understand complex crypto infrastructure or set up their own node. Thanks to this technology, merchants and financial institutions such as Bancoagricola, El Salvador’s largest bank, were able to instantly accept Lightning Network payments while receiving the asset of their choice. This year, Flexa announced the rollout of additional Transformers to enable direct payments from even more blockchain networks. These Transformers power the new Flexa Payments products, enabling instant digital currency payments from every app for even more merchants around the globe. Now, Amp stakers will have the option to stake their Amp as collateral to any of the 10+ fully integrated apps that Flexa recently announced as Developer Grant recipients or any of twelve new Transformers, including Bitcoin, Bitcoin Cash, Cardano, Celo, Dogecoin, Ethereum, Lightning, Litecoin, Polygon, Solana, Tezos, and Zcash. Additional transformers for other networks are anticipated to launch as demand for additional networks grows. With the addition of these new apps and Transformers, the role of Amp stakers in decentralizing payment risk is more crucial than ever before. Now, stakers can choose from even more collateral pools on Flexa. Given the fixed supply of Amp, this results in competition for collateral as payments volume grows. Flexa uses merchant fees from every successful payment to buy Amp from the open market and distribute it as a staking reward. This enables users of the platform itself to earn the entirety of value generated within the network via Amp. With more choices for collateral pools to stake, each staker can decide where to allocate their collateral based on their own research and determination of acceptable risk. The first choice stakers make is whether to stake a fully integrated app or a Transformer. Payments made by apps that integrate Flexa’s Spend SDK each have their own collateral pool, helping to isolate risk to the individual app rather than the entire network. Staking to a collateral pool of a fully integrated app means the wallet itself would have to allow malicious transactions for collateral to be slashed. While this is possible — hence the need for collateral — it is not an optimal strategy for a bad actor, and thus a staker may decide staking an individual app is more secure. If a staker believes that more spenders will transact using a Transformer than via one specific wallet app, they may decide to collateralize the Transformer. In that case, the staker is securing payments made by any app that has not integrated the Spend SDK, since payments made from any fully integrated app automatically utilize the app’s collateral pool. However, since any app can use the Transformer, there may be more risk of malicious transactions and, thus, more risk of their collateral being slashed. The optimal strategy of which pools to stake differ for each person based on their own determination of risk and the ever shifting balance of collateral and transactions across pools. With the launch of Flexa Payments, and the new Transformer and app pools in Flexa Capacity, Flexa is taking one more step toward its goal of enabling spending of any asset, from any app, anywhere in the world. To keep up-to-date on the latest developments in the Amp and Flexa communities, follow @amptoken and @FlexaHQ, subscribe to the community digest, and engage with the community in the official discord. Digital payments from any network: Flexa’s new Transformers and multi-chain Payments products was originally published in Amp Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Staking Amp as collateral
Amp is a universal collateral token designed to facilitate fast and efficient transfers for any real-world application. When using Amp as collateral, transfers of value are guaranteed and can settle instantly. While the underlying asset reaches final settlement, a transaction that can take anywhere from seconds to days, Amp is locked by a decentralized collateral manager. Once the transaction successfully settles, the Amp collateral is released and is available to collateralize another transfer. Amp exists to serve as universal collateral for anyone and any project. Currently, the primary use-case for Amp is to secure transactions on the Flexa network. Flexa uses Amp to enable instant, fraud-free payments to merchants across its digital payment network. Users stake Amp to apps, ensuring Flexa payments can be settled in real-time regardless of the asset or protocol used. Acceptance fees generated within the network are then automatically distributed pro-rata to stakers. This means that the collateral providers and users of the platform earn the entirety of value generated within the network.Token economics On Flexa, since every asset spent requires at least an equivalent dollar amount of Amp tokens securing the transaction, each wallet or app can only spend as much as the total dollar value of the Amp collateral pool staked to it. For example, if Wallet A had a collateral pool with $100,000 worth of Amp deposits, cumulative users of Wallet A would be able to spend up to $100,000 worth of assets at any given time.Source: Floating Ratio At first glance, this may seem like a limitation of the system but as the amount spent approaches the pooled collateral value, the proportion of rewards generated to the Amp staked would significantly increase. (Rewards are generated directly from the fees paid by merchants to accept Flexa payments.) Additionally, each new app that integrates with Flexa, such as your favorite wallet app or loyalty point app, requires its own distinct pool of collateral.Source: Floating Ratio The higher proportion of rewards for one wallet may attract stakers from other lower transaction generating apps. So, a natural equilibrium will evolve as existing stakers move to more undercollateralized apps. Additional market participants may also stake Amp to balance collateral pools as they seek to earn rewards generated by increased spending.Staking process To stake Amp tokens, anyone can go to the Flexa Capacity dApp and select which app to stake their Amp towards (step-by-step guide). As new wallets are added to Flexa Capacity, stakers are always able to un-stake from existing pools and re-allocate Amp as desired. Note: Always confirm the Amp token contract and Capacity contract address from official sources. As a reminder, if the Ethereum network is congested (high gas fees) it may not be economical to re-allocate staked Amp. This calculator created by the Amp community can be used to estimate the net cost of adjusting your stake. Currently, there is also active work to enable Flexa Capacity on Ethereum scaling networks and alternative layer 1 protocols. Please visit the discussion forum to provide community feedback and also find ways to contribute. Staking Amp as collateral was originally published in Amp Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Amp is now available on Coinbase
As of Thursday, June 10, Amp is available to buy and sell on Coinbase, one of the most trusted and easy to use digital asset exchanges. Short lessons about Amp are also now available to Coinbase users via Coinbase Earn, a simple and educational platform for “earning crypto while learning about crypto.” Launched in October 2012, Coinbase is used by approximately 56 million people in more than one hundred countries across the globe. In becoming available on Coinbase, Amp will reach a greater number of people than ever before, which will in turn significantly improve Amp’s ability to collateralize applications like the Flexa network for digital asset payments. As one of the earliest cryptocurrency exchanges, Coinbase continues to play an integral role in making digital currencies like Amp available to the public. Coinbase is dedicated to building the cryptoeconomy — “a more fair, accessible, efficient, and transparent financial system enabled by crypto.” Because Amp and Coinbase share such complementary missions, we’re especially glad to be making Amp available to the Coinbase community. To stay updated on future developments related to Amp and the cryptoeconomy, join the Amp Community on Twitter or Discord, or follow @Coinbase on Twitter. Amp is now available on Coinbase was originally published in Amp Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Yearning for more
Introducing new Amp DeFi integrations in the Yearn Ecosystem. — Thanks to its borrowing, lending, and yield aggregating products, The Yearn Ecosystem is the nexus of DeFi’s most exciting innovations, including integrations with partners like SushiSwap, C.R.E.A.M. Finance, Alpha Homora, and Pickle Finance. This month, both the C.R.E.A.M. Finance and SushiSwap communities have added support for Amp on their platforms. Integrations into DeFi projects like these help Amp establish broader community access and decreased volatility —growing the foundation for universal collateral that makes Amp valuable for networks like Flexa. Let’s dive into the updates!Amp × C.R.E.A.M. Finance As the building blocks of DeFi continue to evolve, new projects are quickly emerging that cater to different audiences and uses. C.R.E.A.M. Finance (à la “Crypto Rules Everything Around Me”) originally launched in fall of 2020 as a third-party fork of the decentralized borrowing and lending platform Compound. Where Compound has established and maintained a limited menu of tokens to borrow and lend, C.R.E.A.M. has gained traction with yield farmers and borrowers who are seeking a wider selection of assets. Amp was listed on C.R.E.A.M. Finance in February, giving holders the opportunity to earn interest on Amp they supplied. Now, thanks to the support of the C.R.E.A.M. community, Amp can be used as collateral for a loan of up to 45% of its supplied value. This benefits Amp holders looking to enter another position without selling their Amp tokens, dial up their exposure to Amp, or simply free up assets without using a custodial service. To borrow other assets using Amp, go to app.cream.finance and supply Amp as collateral. Then select an asset on C.R.E.A.M. to borrow—that’s it! As with any loan, it’s important to mind collateral requirements. In the case of Amp on C.R.E.A.M., borrowers must ensure that their total borrowed asset value does not exceed 45% of the supplied Amp collateral value in order to protect positions from potential liquidation.Readers are reminded that decentralized finance products are not without risk, and are advised to perform their own due diligence. C.R.E.A.M. is based on a fork of Compound, a widely respected protocol that has been audited by Trail of Bits and OpenZeppelin. Before using C.R.E.A.M., review their Lending FAQs.Amp × Onsen What began as a simple fork of Uniswap has quickly become a leading DeFi platform: SushiSwap has seen tremendous growth as its community continues to ship innovative new offerings. Their recently launched Onsen Program encourages long-term stability in liquidity pools by providing rewards for those who commit to staking their LP (“Liquidity Provider”) tokens for six months. Upon staking LP tokens, one third of rewards vest immediately, while two thirds vest at the end of 6 months. These bearer LP tokens serve as a claim on the assets that users have provided to each pool. Thus, Onsen encourages long-term liquidity growth, which helps reduce slippage when exchanging tokens across the platform. As part of Onsen, token projects can provide additional rewards in order to incentivize adding liquidity to program pools. In addition to being one of the first projects to participate in Onsen, Amp is now the first project to provide double Onsen rewards—an opportunity which will run for 60 days and consist of both SUSHI and AMP rewards being distributed to all AMP-ETH liquidity providers (for a total of 3 million AMP). This means that every day during this doubled incentives period, a bonus 50,000 AMP will be provided in equal proportion to SUSHI rewards. Earning of Amp × Onsen double rewards started at Ethereum block 12,124,757 and will continue for 60 days (until approximately May 27, 2021). The contract to distribute AMP rewards will be deployed in the coming weeks, at which point liquidity providers will be able to retroactively claim their bonus rewards from the beginning of the Onsen pool. Details for how to claim these Amp rewards will be announced on Twitter and Discord. To participate in Onsen and earn rewards, simply add liquidity to the AMP–ETH pool—either directly on SushiSwap, via the Zapper single-asset deposit feature, or even via LP migration. Once you have provided liquidity to the AMP–ETH pool, you will be issued LP tokens, which you can then stake to immediately start earning SUSHI and AMP rewards.Don’t forget! Amp was previously featured on the Sushiswap Menu of the Week, and all previous two-thirds SUSHI rewards should now be fully vested. Earned SUSHI can be claimed using the SushiSwap vesting tool.Amp × Kashi In addition to providing liquidity for SushiSwap’s AMM, Amp users can now also provide liquidity for—or borrow from—Kashi, SushiSwap’s new decentralized lending and margin-trading product. This introduces a new way for Amp users to earn yield by providing Amp to the pool or to increase their exposure by borrowing AMP with USDC. To use this new service, head over to the Kashi app, select whether you would like to borrow or lend an asset, find your desired asset, and follow the simple instructions. If you are borrowing Amp, you can borrow at up to 75% of collateral value — but as always, be cautious not to let your leverage exceed 75%, or your position will be subject to liquidation. Or, if lending is more your speed, switch over to the “Lend” tab at the top of the screen, and select your desired asset to supply. Once selected, Kashi will guide you through depositing your tokens in order to earn a yield.Readers are reminded that decentralized finance products are not without risk, and are advised to perform their own due diligence. SushiSwap was audited by Peckshield in September 2020. Before using SushiSwap for the first time, take a look at this community-generated beginner’s guide.So, how does it all add up? As each of its associated platforms continue to innovate and evolve, the Yearn Ecosystem grows stronger, and DeFi gains more real-world utility. Through “building blocks” like C.R.E.A.M., SushiSwap, Amp, and others, exciting financial opportunities emerge—each of which can be stacked on top of other DeFi projects in order to create new and sometimes unexpected possibilities. Together, these building blocks are shaping up to provide an incredibly useful (and far reaching) platform for the movement of money. As a critical part of this new future, Amp will continue to partner with and support other projects pushing the envelope of payments and decentralized finance. Are you building something that you think is an ideal candidate for a collaboration with Amp? Don’t hesitate to reach out on Twitter or Discord. And as always, stay tuned for more Amp community updates! Yearning for more was originally published in Amp Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
To the moon!
Amp is now live on the MoonSwap AMM, with ongoing $MOON liquidity mining rewards.. — With the phenomenal growth of DeFi, decentralized exchanges are quickly becoming the predominant sources of token trading volume and liquidity. In fact, lending protocols and Automated Market Makers (AMMs) account for the considerable majority of total value locked across the entire ecosystem. And new technology is evolving at a rapid pace—like the MoonSwap AMM. Launched in the summer of DeFi, MoonSwap uses a Conflux-based layer two solution to provide significantly lower transaction costs, cross-chain interoperability, and up to 6,000 transactions per second (TPS). Beyond its fun, crypto-inspired user interface design, MoonSwap technology has already powered millions of trades and has been formally audited by Slowmist.Amp × MoonSwap Amp is now live on MoonSwap via the cAMP-cETH trading pair, with $MOON liquidity mining incentives starting today, January 14, 2021 at 9:00 a.m. EST. Starting now, all users providing liquidity for the cAMP-cETH pool will not only earn transaction fees, but also ongoing $MOON utility tokens. To participate:Create a Conflux wallet (using Firefox) and deposit your AMP and ETH assets to the Conflux contract;Provide liquidity and receive MoonSwap LP (MLP) tokens; andStake your MLP tokens to the cAMP-cETH farm to start instantly mining $MOON.Please make sure to read the Conflux deposit instructions for MoonSwap carefully and perform a test transaction to ensure that assets are correctly migrated to Conflux from Ethereum (assets can always be withdrawn from Conflux without restriction). Do not send any assets to your Conflux address directly—instead, use the deposit contract on MoonSwap associated with your address for any deposits.Alternatively, use the ShuttleFlow protocol to migrate assets directly from Ethereum to Conflux (see detailed instructions on the Conflux forum). While you’re on MoonSwap, be sure to check out the other MoonSwap LP farms, and look out for the upcoming MoonSwap iOS app! And don’t forget that AMP can also be found on Uniswap, Sushiswap, and Balancer as fully decentralized liquidity options. But please remember—when performing DeFi trades, always check to confirm that you are interacting with the official Amp token contract. To the moon! was originally published in Amp Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
The need for speed
Introducing Amp support on the Loopring DEX, with gas-free sends, zero-fee trades, and a 2,000,000 AMP incentive pool.. — Always looking to the road ahead As Flexa continues to build infrastructure for the universal spending of digital assets, both sides of its wallet-merchant network are rapidly expanding. With the upcoming public release of the Flexa Spend SDK, the Flexa team is continuously researching practical approaches towards enabling more efficient blockchain transactions—not only for payments, but also for real-time Amp reward distributions. The great news is that there have been substantial, tangible L2 scaling efforts in the space, exclusive of encouraging development on the ETH 2.0 base layer. For instance, Loopring has been scaling exchanges with zkRollups on Ethereum for the past 12 months. StarkWare’s Cairo is currently live with both zkRollups (on-chain) and Validium (off-chain) data functionality on its StarkEx implementation of Deversifi. Matter Labs’s zkSync has continued to progress towards generalized contract support and significant decentralization using DPoS parallel computation. Aztec is pioneering zk²Rollups with the goals of on-chain data availability and full privacy. And IDEX 2.0 was recently released (with support for AMP-ETH trading at launch), using an open-source Optimized Optimistic Rollup (O2) design that preserves on-chain data availability while achieving 100,000+ trades per second at low-millisecond latency. Composability remains at the forefront of these discussions, but whether new standards emerge, or myriad sidechains become coupled with alternative L1 options, Flexa intends to create universal spending compatibility. To enable billions of wallets to spend digital assets worldwide, we will look to support long-term network partners in developing meaningful scaling solutions. A significant benefit to these particular options is that user privacy can be preserved, not only for consumers but also for merchants.Amp × Loopring To start bringing Amp to the next l̵a̵y̵e̵r̵ level, Amp can now be transferred directly onto the Loopring DEX and then sent gas-free to any registered address, with zero fees for all platform trades (using zkSNARKs). To help promote adoption, 2,000,000 AMP will be distributed as liquidity mining incentives—via the AMP/USDT pair—over the next 30 days. We think that this initiative is especially attractive for low-latency traders and market makers. Check out the Loopring blog and this Alpha DeFi post for more details on how to participate, or visit the live dashboard for a full ranking. Beyond the current implementation, Loopring version 3.6 will introduce support for AMMs on zkRollup circuits, and enable user payments to any Ethereum address. Most exciting, the Loopring mobile wallet is publicly launching this month, and Flexa is looking forward to enabling instant retail payments for LRC as well as many other Ethereum-based assets. The path toward trustless methods for scalable Amp reward distribution and liquidity provisioning is becoming increasingly clear, and we hope to eventually enable the entire Amp ecosystem in a purely decentralized way. To this end, Flexa will soon be introducing expanded staking incentives and plans for supporting projects across the DeFi ecosystem. As a collateral token, Amp requires widespread liquidity and low volatility to enable more network spending capacity; we believe that integrations with innovative partners like Loopring are ideal for ensuring broader and deeper participation in the protocol for use cases like Flexa and beyond. The need for speed was originally published in Amp Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Amp development update #4
Final development update, availability, and whitepaper release. — It’s a pleasure to round out the seventh week of Amp’s development with an update on Amp trading availability and the release of the Amp whitepaper. With these final updates, Amp is now officially launched, and the primary development focus will shift to supporting networks building on the Amp protocol. Read on to learn more. — Now available to buy and sell on Gemini - On Tuesday, September 15, Amp launched for trading as the tenth token to ever list on the Gemini exchange, one of the most secure and compliant digital asset exchanges in the world. As part of a broader push toward DeFi and alternative digital asset classes, Amp was made available for trading alongside popular DeFi governance token Compound (COMP) and the gold-backed PAX Gold token (PAXG): — @Gemini The Gemini exchange is available in all 50 US states and more than fifty additional countries. As noted in their announcement post, Gemini worked closely with the New York State Department of Financial Services to obtain approval to offer trading and custody services for Amp. — Release of the Amp whitepaper - The last Amp development update saw the release of the Amp token contract and Flexa collateral manager source code, as well as extensive documentation of the contract methods and hooks posted to the Amp website. For anyone interested in delving further into the mechanics of the Amp token and related smart contracts, we’re proud to now release the Amp whitepaper. This whitepaper provides a foundation for understanding the social, technical, and economic considerations that led to Amp’s development, and offers a more comprehensive rationale for Amp than anything released to date. Covering the context for Amp’s practical utility, the protocol’s approach to finality assurance and transaction validation, implementation paradigms for Amp’s use in various networks, and the application of fundamental models for estimating total network value, the Amp whitepaper represents a complete analysis of Amp’s purpose and explains how the token can help eliminate the overwhelming deadweight loss of traditional financial transactions. The Amp whitepaper is now available alongside existing documentation on the Amp website, and feedback is welcome on the Amp Discord server. Furthermore, please note that the Amp whitepaper is presented as-is, and does not constitute financial or investment advice. — What’s next? - Now that Amp has been released on the Ethereum mainnet, the currently deployed partition strategies are expected to support any number of collateral manager implementations for the immediate future, and development focus will shift to supporting networks like Flexa in building collateralization on top of the Amp protocol. As such, we expect that while there may be fewer development updates to post going forward, more lively discussion will shift to the Amp community channels—especially as Amp availability increases and more developers and stakers can access the platform. To make sure you don’t miss an update, follow Amp here on Medium and Twitter, and join the official Discord server for more frequent updates! Amp development update #4 was originally published in Amp Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Amp: the new digital collateral token
Now live on the Ethereum mainnet. — After months of research, development, and testing, Amp is finally here. Built through a close collaboration and partnership between Flexa and ConsenSys, Amp is a new staking platform designed to support the instant and verifiable collateralization of any type of value transfer—whether fast or slow, digital or physical, like-kind or multi-asset. Amp’s universal extensibility and ERC20-compliant framework introduce new opportunities to improve the speed and security of asset transactions across a vast set of financial use cases, including payments, exchange, lending, remittance, and more. The Amp smart contracts have been thoroughly audited by leading security research firms ConsenSys Diligence and Trail of Bits. And because Amp is open source, its code is freely available to be integrated and extended by any third-party platform or app. “The new Amp token demonstrates Flexa’s unrelenting commitment to DeFi and to building new technologies that will democratize access to payments for people all over the world,” said Tyler Spalding, CEO of Flexa. “Our team has been developing Amp and its capabilities for the better half of a year, and the collateral partitions and managers at the core of the new standard implement Ethereum-based technologies that have never been deployed at this scale.” Starting today, Flexa will begin using Amp as the primary collateral for securing all transactions on its pure-digital payments network. Flexa has also contributed the first collateral manager contract to the Amp protocol (the source for which is available on Github). Flexa and ConsenSys expect other developers to start building on the Amp platform later this year. The first market to announce support for new Amp token is Gemini. Founded in 2014 by twin brothers Cameron and Tyler Winklevoss to empower the individual through crypto, Gemini is regarded as one of the most secure and compliant digital asset exchanges in the world. Gemini has worked closely with the New York State Department of Financial Services to obtain approval to offer trading and custody services for Amp, and will share more details regarding the availability of Amp on the Gemini exchange soon. Please visit the Amp website at amptoken.org to learn more about how Amp works and access detailed documentation about the new platform. And to stay involved with the platform’s development going forward, don’t forget to join the Amp community on Discord and Twitter! Amp: the new digital collateral token was originally published in Amp Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Amp development update #3
Official contract address and source code release. — In advance of Amp’s release on the Ethereum mainnet this Tuesday, the Amp token contract has been verified on Etherscan and its source code has been released on GitHub. Read on for more details and news of what’s next.Published and verified on Etherscan To ensure that network participants can mint their Amp tokens safely and confidently at Amp’s release on Tuesday, September 8, 2020, the official Amp token contract has now been published and verified on Etherscan. Now and forever, the official Amp contract address on the Ethereum mainnet is 0xfF20817765cB7f73d4bde2e66e067E58D11095C2. Please note that there is no other officially supported implementation of the Amp token contract, and that this contract address is the only Amp token that will be supported within Flexa Capacity or any other implementations of Amp collateral managers (as corroboration, this contract address has also been published to the official Amp Twitter, Discord, and website).Between now and Amp’s release on Tuesday, September 8, 2020, please beware of fraudsters who may try to convince you to accept alternative Amp tokens, which are likely worthless, and cannot be used with apps like Flexa Capacity. For your security, always ensure that you are interacting with the official Amp token contract only and verify your transactions on Etherscan or confirm the Amp contract address on Twitter or Discord before transacting.Amp is now open source In conjunction with publishing the Amp token contracts to Etherscan, the audited smart contracts for the Amp token and Flexa collateral manager contract have been open-sourced. The Amp token contracts source code is now available on GitHub as an open-source standard under the MIT License—one of the most permissible licenses for free and open source software. In addition, Flexa has released the Flexa collateral manager source code on GitHub. The Flexa collateral manager source has also been made available under the MIT License, and can be freely used, copied, modified, etc. as long as the original license is followed and remains intact. Together, these contracts represent everything needed for developers to build and test new collateral use cases on Amp. Of note, the Flexa collateral manager is not simply a reference implementation of the Amp interface for the Flexa network. Instead, this source is the exact production code that Flexa uses to secure payments on the Flexa network with Amp, and represents the culmination of years of research and development, now made freely available for other developers to adopt, iterate on, and improve for their own use cases. Any developers interested in exploring Amp’s capabilities for collateralization are encouraged to explore the Amp documentation and API reference and to join other developers on Discord to collaborate and ask questions.What’s next? With less than four days to go before Amp’s release on the Ethereum mainnet, there are still many more updates to come. To stay in the loop, be sure to follow Amp on Twitter or join the official Discord server for updates. Amp development update #3 was originally published in Amp Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
More Amp (#AMP) News
|Technical Analysis: LUNA, AMP Jump Over 20% Higher on Friday
Crypto markets appeared to have temporarily shaken off recent volatility, with AMP once again leading the day's bulls. Terra's LUNA also surged, climbing by as much as 20% during Friday's trading session.
AMP is currently trading over 24% higher in today's session, climbing to its highest level since last Saturday.
Friday's rally in AMP came following a false breakout yesterday, at its floor of $0.0239, with prices now trading slightly above resistance.
The ceiling for AMP/USD lies at the $0.2950 level, and this was marginally broken, as prices rose to an intraday high of $0.02993.
It was less than 24-hours ago that AMP was trading at a low $0.02337, however bullish pressure seems to have shaken off-market uncertainty.
As a result of this surge, the 14-day RSI rose to a 10-day high of 47.8, a level which has served as resistance in recent sessions.
Should we see momentum continue upward, this ceiling could well be broken, and AMP could soon be trading at multi-week highs.
The second-biggest gainer today was LUNA, which has risen by nearly 40% in the last seven days of trading.
As of writing, LUNA/USD rose to a high of $68.80 on Friday, following four consecutive days of strong gains.
LUNA was trading at a low of $56.62 yesterday, which then followed a breakout of its $61.30 resistance, which was the main catalyst for today's gain.
Longer-term bulls decided to re-enter once this breakout occurred, and pushed prices to their highest level in the last four...
|Technical Analysis: AMP Surges, IOTX Lower After Friday's Jump
Friday's big gainer IOTX fell lower on Saturday, as a red wave continued to submerge crypto markets to start the weekend. Overall, cryptocurrencies were down around 5% as of writing.
On a day where the majority of the crypto market was trending lower, finding a bull was no mean feat.
However, there were two exceptions, one being EGLD, but the standout was AMP which rose by close to 10% during the session.
AMP/USD, which was trading at a low of $0.03055 on Friday, climbed to an intraday high of $0.03723 earlier today.
Today's move came as the price of AMP rallied to resistance of $0.0340, briefly breaking out of this level in the process.
Despite falling below this level since, prices are still higher than yesterday's low, as bulls managed to resist the onslaught from Saturday's bear market.
Price strength rose to a high of 49, which was the highest level since January 4, but this ceiling has so far held firm.
The moving averages of ten-days (red) and 25-days (blue) have since seen an upside cross over, which keeps hopes alive of upcoming bullish momentum.
For the third time this week, the bull of one day moved to being the biggest loser the next, as IOTX gave up some of Friday's gains.
IOTX which surged by as much as 15% yesterday, dropped by a similar percentage on Saturday, as traders appear to have secured profits.
The price of IOTX/USD, which hit a high of $0.1195 yesterday, fell to an intraday low of $0.0965 today, as markets seem to b...