Please refer to our FSG - Financial Products. The closer the bar is to 100%, the closer AMP is to reaching its ATH again.ĭisclaimer - Hive Empire Pty Ltd (trading as, ABN: 18 118 785 121) provides factual information, general advice and services on a range of financial products as a Corporate Authorised Representative (432664) of Centra Wealth Pty Ltd AFSL 422704. This means the token is designed to be less volatile in price compared to other cryptocurrencies that can face extreme price volatility.Īdditional information about Amp can be found using our AMP analysis tools.Ĭompare today's price of Amp ($0.00663469 USD) against its all-time-high price of $0.120813 USD on 16 June 2021. According to the AMP token white paper, AMP is designed to be a “non-inflationary and low-volatility collateral token” with its value compounding exclusively because of the utility it provides as a security for payments in the Flexa network. As of September last year, Flexacoin ceased to be supported in the Flexa app and FXC holders can swap FXC for AMP at a 1-1 exchange rate. Before AMP was launched, the Flexa platform used Flexacoin. In return, token holders will receive rewards that are proportionate to the amount of tokens that are staked. As reported by DeFi Rate, the staked AMP then becomes “spending power” that enables consumers to pay merchants using the Flexa payment platform. As an AMP token holder, you can stake AMP as collateral to Flexa-enabled payment apps such as SPEDN. The total supply of AMP tokens is fixed at 100 billion AMP. There are several things to consider before buying AMP, the native token for the Flexa platform. This varies between exchanges though, so you will need to search for AMP on the spot market to see what cryptocurrencies it can be traded for.ĭisclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrency: You can usually purchase AMP by trading it for another cryptocurrency like Bitcoin or a stablecoin.An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase. Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee.
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