In this article we are going to talk about AMP Token, a project of the ETH network that today is at the top of coingecko and that we had not talked about. In cryptoshitcompra we are going to give you the token information in Spanish and we are also going to explain how to buy AMP Token and how to see its price live.
What is Amp Token?
Amp is the new digital security token that offers instant and verifiable guarantees for any type of value transfer. With Amp, networks like Flexa can secure transactions quickly and irreversibly for a wide variety of asset-related use cases.
What is the address of the Amp contract?
official address of the Amp contract is: 0xfF20817765cB7f73d4bde2e66e067E58D11095C2
re is no other officially supported implementation of the Amp contract, and as of Tuesday, September 8, 2020 at 10am ET, there is no official way to coin Amp.
Beware of scammers who may try to convince you to accept alternative Amp tokens, which are probably worthless and cannot be used with applications like Flexa Capacity. For your safety, make sure you are only interacting with the official Amp token contract and verify your transactions on Etherscan or confirm the Amp contract address on or Discord before making the transaction.
How does Amp token work?
Amp offers a simple but exceptionally versatile interface for verifiable warranty through a partitioning system and warranty managers. When collateral partitions can be designated to guarantee any account, application or even transaction, and carry balances that can be verified directly on the Ethereum blockchain, collateral managers are smart contracts that can lock, release and redirect collateral on these partitions as needed for order to support value transfer activities.
Amp supports a wide variety of use cases for collateral and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral carals through which tokens can be wagered without having to leave their original address.
What is the symbol for Amp?
symbol of the Amp token is AMP.
What wallets are compatible with Amp Token?
Amp is an ERC20 compliant token built on Ethereum. Using Ether to pay for fuel, Amp tokens can be sent and received using any ERC20 compatible wallet.
Is Amp an ERC20 token?
Yes, Amp is a fully ERC20 compliant token built on Ethereum. Amp tokens can be sent and received using any ERC20 compatible wallet.
Where can I buy Amp?
Amp is currently available to buy, sell, or trade on various digital asset exchanges. At the end of the post we will tell you how to buy it.
Also read Ethereum vs Ethereum Classic: Who is your favorite cryptocurrency?
Have Amp Token Contracts Been Audited?
Yes, Amp’s smart contracts and related source materials were audited by independent security researchers at ConsenSys Diligence and Trail of Bits.
In June 2020, ConsenSys Diligence audited Amp’s smart contracts. Over the course of three weeks, ConsenSys researchers identified zero critical issues and shared fifteen findings and recommendations related to developer experience and other optimizations that have been implemented since then.
In July and August 2020, Trail of Bits audited Amp’s smart contracts and related collateral management contracts. Over the course of six person-weeks, Trail of Bits researchers identified zero critical issues and shared a low-severity finding and recommendation that has since been recognized.
What efforts have been made to decentralize control of Amp token contracts?
To minimize the influence that any entity or individual has over the Amp token standard and network, the Amp token contract offers a fixed, non-inflationary supply of tokens and limited upgradeability. Because Amp can be extended without permission through collateral manager contracts for any project that relies on the Amp platform, the value of the Amp token is derived solely from the value of the projects that choose to adopt it.
As implemented on the Ethereum mainnet, Amp token contracts explicitly disable any administrative privileges to execute calls to the standard ERC20 method (for example, mint, burn, transfer). In fact, the only functionality available to the Amp contract owner is the ability to add new partition validation strategies, which cannot be used to affect existing token partitions when added. As of September 2020, Flexa owns the private key for this owner address.
What is the name of the Amp platform community?
people who supply Amp as collateral come from different backgrounds and have the same number of names. Part of what makes the Amp community special is how welcoming it is to those who are not yet familiar with the protocol. As such, there is no collective name for members of the Amp community.
What is the relationship between Amp and Flexa?
Amp is an open source collateral token standard that enables instant and irreversible collateral of any form of value transfer.
Flexa is a payment network that enables fast and fraud-proof payments for merchants around the world. By using Amp partitions as collateral groups, Flexa can secure payment authorizations while the underlying asset remains unconfirmed and approve trade transactions in near real time. To help develop the Amp token, Flexa contributed two years of research and development to the architecture and design of the token, and developed and released Amp’s first collateral manager contract as open source.
Read also Tutorial add Red Velas (VLX) to Metamask and buy online
AMP Token Features:
Let’s take money in the 21st century. Amp provides assets like ZEC with instant and verifiable warranty from any real world application.
Amp is an extensible platform to guarantee asset transfers. By betting Amp, any form of exchange of value can be guaranteed: digital payments, fiat currency exchange, loan distributions, property sales and more.
Once staked on a partition, Amp is ready to guarantee a transfer. With the use of escrow funds, Amp effectively decentralizes asset transfer risk, especially suitable for fraud-proof networks and real-world applications.
Amp also simplifies the distribution of rewards from the network once a transfer is complete. Amp smart contracts offer a variety of built-in incentive carals, including micro-distributions and continuous membership.
Amp helps you decentralize risk to your users with smart contract features designed specifically for warranty. Nothing more and nothing less.
Warranty as a service.
Amp’s warranty is tested, audited, and freely available for anyone to use. It’s easy to build apps that lock and unlock Amp on demand to secure transfers, enable loans, and get value moving faster.
Extensible and open source.
Amp was designed to be as flexible and future-proof as possible. Amp’s open source license allows you to create and implement custom warranty managers for your application to interact with Amp on its own terms.
When new projects adopt Amp, existing implementations benefit from increased liquidity and decentralization, which in turn reduces volatility and improves collateral quality as a result of the fixed supply of the token.
Amp does not discriminate based on consensus mechanism or form of active. Any type of transfer, whether digital or physical, can use Amp as collateral to secure transactions.
How to buy (AMP) Token?
FIRST STEP TO BUY this Token
- To buy (AMP) Token you have to buy it through the ETH network and then go to uniswap and buy it. To buy ETH we have to buy it through BINANCE, the best exchange in the world, once registered and verified, we will go to buy crypto, we put the currency that we are going to use to buy the ETH and the amount and we give it to buy, as and as you will see in the following image.
Also read Binance VS Coinbase Which is better?
CLICK HERE TO ENTER BINANCE
SECOND STEP TO BUY (AMP) Token
- Once the eth is purchased, we have to transfer the etherum to our wallet, it can be trustwallet or metamask, which we use.
- You can see a tutorial on how to pass eth from Binance to metamask through the ETH network to do it.
- And a tutorial on how to create a metamask portfolio and add it to the browser.
BUY ETH FROM METAMASK
- First we go to our metamask portfolio and below the amount of ETH we have is the option to buy, we give it and we will jump to the following:
- We give Wyre and once inside, we select our currency and the amount, we can also pay with Apple or with a debit or credit card.
- and voila, we have our eth in our metamask portfolio.
THIRD STEP TO BUY (AMP) Token
- Once with our ETH we enter uniswap through the following url; Uniswap AMP and we have to import the token, to be able to operate, as we see in the following image.
- Next we have to connect our wallet and select the amount of ETH that we want to exchange for (AMP) Token and give it to exchange.
And voila, you already have it purchased.
- I hope you liked the article and that it is helpful, any questions can leave a comment and it will be answered on the same day.
Price (AMP) Live Token :
- In the following link they have the price in direct: Price in direct