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Seeking a way to provide decentralized collateral for blockchain network payments, Flexa and Consensys launched a cryptocurrency called AMP in September 2020. AMP token acts as the collateral. When a transaction is made by someone on a payment network like Flexa, AMP tokens are locked into a smart contract. This action ensures that the recipient of the transaction is paid. In other words, AMP is used to secure and settle transactions onchain, reducing risks like network inconsistencies and transaction reversals.
The primary use for AMP is in Decentralized Finance (DeFi) payments, followed by governance. Owners of AMP vote on topics like collateral allocation, fees, rewards, and upgrades. AMP holders are typically DeFi investors, institutional traders, developers, and merchants.
| Today (20 May 2026) | $0.000837 | +0.38% |
|---|---|---|
| 24 hours ago (19 May 2026) | $0.000834 | +0.38% |
| 1 week ago (13 May 2026) | $0.000902 | -7.24% |
| 1 month ago (20 April 2026) | $0.000879 | -4.76% |
| 1 year ago (20 May 2025) | $0.004689 | -82.15% |
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