Amp facilitates instant, verifiable, and collateralized transactions on the Ethereum blockchain. AMP, the native token of Amp, functions as a collateral token, meaning it is used to secure transactions and provide assurance for the participants involved in value transfer.
Amp improves the security and efficiency of digital transactions and mainly focuses on mitigating the risk of transaction failures, known as "undercollateralization."
AMP's primary purpose is to serve as collateral for transactions on the Flexa Network. The Flexa Network is a payment platform that enables merchants to accept cryptocurrencies while instantly receiving fiat currency. AMP tokens are used to collateralize payments on this network, ensuring that transactions are backed by sufficient funds and reducing the risk of failed transactions.
The Flexa Network is the underlying infrastructure that utilizes AMP tokens. It lets users make secure, real-time cryptocurrency payments at retail stores and online merchants.
