AMP huge runner tonight!!
What is the AMP crypto coin?
The AMP coin is unique in several ways. It is designed to decentralise risk in a payment transaction by dramatically reducing the assurance cost from existing counterparty networks, as well as incorporating a novel partition interface to facilitate the interoperability of staking contracts for any surety mechanism.
AMP is ERC20-compatible and operates as the exclusive collateral token of the Flexa network, a merchant network that accepts low-cost digital payments in a fraud-proof manner.
Payments are guaranteed in real-time using AMP as collateral, which decentralises risk, while proceeds from merchant fees are used to autonomously open-market purchase AMP tokens. The tokens feature on-chain collateral managers, otherwise known as smart contracts, which lock and release AMP as collateral for transactions made with other cryptocurrencies.
AMP is projected to run to $1.50 near term due to recent developments.
Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!
