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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 (June 17, 2026) | $0.000544 | +0.08% |
|---|---|---|
| 24 hours ago (June 16, 2026) | $0.000543 | +0.08% |
| 1 week ago (June 10, 2026) | $0.000518 | +4.88% |
| 1 month ago (May 18, 2026) | $0.000842 | -35.47% |
| 1 year ago (June 17, 2025) | $0.003762 | -85.55% |
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Buy, sell, trade, and swap AMP on MetaMask, crypto's most trusted wallet.
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