Amp Coin is an Ethereum $3,104 token that aims to secure payments on the Flexa network by making them instant and safe. If a BTC or ETH payment fails due to being unconfirmed or taking too long to process, AMP provides collateral to cover potential losses, ensuring both parties are protected while the vendor receives payment in fiat currency.
What is Amp (AMP)?
Amp (AMP) is described as a new digital collateral token that offers instant, verifiable assurances for any form of value transfer. By using AMP, a wide range of use cases involving assets are secured quickly and irreversibly. Amp provides a simple and versatile interface for verifiable collateralization through a system of collateral partitions and managers.
Collateral partitions support value transfer activities by securing balances that can be directly verified on the Ethereum blockchain, enabling any account, application, or transaction to be collateralized. When collateral partitions are set, collateral managers, which are smart contracts, can lock, release, or redirect the collateral as needed.
Amp supports a wide variety of collateralization use cases and introduces the concept of predefined partition strategies, which enable advanced functionalities like staking tokens without them ever leaving their original addresses.
Where Can You Buy AMP Coin?
AMP Coin can be bought and sold securely on Binance, the world’s largest cryptocurrency exchange by trading volume. Amp Coin is traded on the Binance platform with AMP/BTC, AMP/BNB, AMP/USDT, and AMP/BUSD pairs.
To buy AMP, you first need to register on the Binance exchange. After completing the registration, you need to transfer either cryptocurrency or fiat currency into your Binance wallet. Once the transfer is completed, you can purchase AMP Coin from any of the four pairs mentioned above. To buy from the AMP/USDT pair, first navigate to the interface of this pair. In the limit section, enter the desired amount to buy. After entering the amount, the purchase is executed by clicking on the Buy AMP order.