![]() ![]() This solves a few issues in the crypto ecosystem, such as slow confirmation times on networks, price volatility, and broad adoption of crypto. The collateral is held while the transactions made with other cryptocurrencies, such as Ethereum, are confirmed on the respective digital asset networks and settle the payment in fiat to the recipient. This requires participants to stake AMP into pools that secure the network. In order to access the Flexa network, users must supply AMP to these specific smart contracts via meta-staking. AMP tokens are unique since they feature smart contracts that are programmed to lock and release Amp as the collateral. This decentralizes risk, and merchant fees are used to autonomously open-market purchase AMP tokens. Payments on the Flexa network are guaranteed in real-time using AMP as collateral. ![]() What are Amp’s key features and how does it work? ![]() The supply of AMP is fixed at 100 billion tokens. Flexa is a merchant network that accepts low-cost digital payments in a fraud-proof manner, it also operates a payment app with the same name. It launched in September 2020 and operates as the collateral token of the Flexa network. AMP is a digital collateral ERC-20 token. ![]()
0 Comments
Leave a Reply. |