Amp (AMP) is a decentralized collateral token, built on Ethereum, that enables instant transactions with digital assets. Amp is also an ERC20-compliant token built on Ethereum. Amp tokens can be sent and received using any ERC20-compatible wallet.^[1][7]

Amp is a digital collateral token that offers instant, verifiable collateralization for any kind of value transfer.

Using Amp, networks like Flexa can quickly and irreversibly secure transactions for a wide variety of asset-related use cases.^[15]

As collateral, Amp insures the value of any transfer while it remains unconfirmed so that any actions dependent on the transfer can proceed without delay.

By using Amp as collateral, individuals and entities benefit from the security and efficiency of collateral which is transparently attestable on an immutable ledger.^[11]

Amp is asset-agnostic.

The full suite of Amp functionality is universally compatible with any form of value transfer whether digital or physical and can be used to facilitate instant, irreversible transactions for any kind of asset.^[2]

The Amp token contracts are open-source, decentralized, and have been thoroughly vetted by external security researchers.

The technical design of the Amp token has been thoughtfully considered to offer broad compatibility with existing and future forms of asset transfer while preserving extensibility through partition strategies.^[3]

Amp offers a straightforward but exceptionally versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Where collateral partitions can be designated to collateralize any account, application, or even transaction, and carry balances that are directly verifiable on the Ethereum blockchain, collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed in order to support value transfer activities.^[10]

Amp supports a wide variety of use cases for collateralization, and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.^[4]

Amp is an ERC20–compliant token built on Ethereum (ETH). The Amp smart contracts have been released as an open-source standard under the MIT License. Amp and its related smart contracts were audited by both ConsenSys Diligence and Trail of Bits. And because Amp is open source, its code is freely available to be integrated and extended by any third-party platform or app. ^[5][9]

Amp’s universal extensibility and ERC20-compliant framework introduce new opportunities to improve the speed and security of asset transactions across a vast set of financial use cases, including payments, exchange, lending, remittance, and more.^[6] According to Tyler Spalding, CEO of Flexa

Amp is an open-source collateral token standard that enables instant and irreversible collateralization of any form of value transfer. Flexa is a payments network that enables fast and fraud-proof payments for merchants all over the world. By using Amp partitions as collateral pools, Flexa can secure payment authorizations while the underlying asset remains unconfirmed, and approve merchant transactions in close to real-time.^[8]

Flexa has begun using Amp as the primary collateral for securing all transactions on its pure-digital payments network.

Flexa Capacity uses a combination of Flexacoin and Amp to collateralize payments on the Flexa network, and Flexa has continued to distribute network rewards based on any wallet’s combined FXC and AMP balance.^[16]

Flexa mission is to make payments more efficient and accessible for people all over the world, but due to the nature of the interfaces required to implement the new capabilities, Amp was developed in order to upgrade the Flexacoin token using its existing smart contract.

Although the functionality of Amp as collateral vastly exceeds that of its predecessor, the supply and economics of Amp remain identical to that of Flexacoin.

AMP token is now the primary collateral token securing all transactions on the Flexa network where it will serve more generalized purposes so that projects other than Flexa can use it as digital collateral.

Anyone can stake Amp (and earn rewards) using products built on Amp, such as Flexa Capacity.

As a digital collateral token, which was designed to facilitate fast and efficient value transfer, especially for use cases that prioritize security and irreversibility, AMP facilitates instant, verifiable assurances for any pending or future value transfer, so that any actions dependent on the transfer can proceed without delay.^[17]