Buy Amp (ERC-20) (AMP)

The safest way to store AMP is with a hardware wallet. However, if you are new to the world of crypto and want us to manage things for you, the Anycoin Vault is the easiest option for you. With Anycoin Direct, you don't have to worry: store AMP securely in our Anycoin Vault.

Yes, you can buy AMP with iDEAL at Anycoin Direct. You can also pay with Paypal, SEPA, Sofort, VISA, Mastercard and EPS.

You don’t need to buy whole cryptocurrencies to trade them. You can buy small parts of any cryptocurrency. For example, on Anycoin Direct, the minimum purchase amount is €10.

Yes, while buying AMP you can choose to send it to your own wallet. Alternatively, you can choose to be managed by us; we will then store your AMP securely in the Anycoin Vault.

Yes, buying AMP is safe with Anycoin Direct as we have advanced security techniques and are officially licensed by The Dutch Central Bank. Buy AMP safely with us with a wide range of payment options.

Yes, AMP is legal in England. You don't have to worry about the legality of buying AMP.

Depending on the amount of cryptocurrencies you own and the country you live in, the rules for this are different. Always make sure to get information from your personal government authorities.

No, identification is mandatory for all our clients. We are required to conduct a thorough client due diligence. This is done using the Know Your Customer principle.

Yes, it is possible to make a business transaction through Anycoin Direct. While creating an account, you can choose a business account.

AMP's motto is to bring money into the 21st century, instant verifiable insurance for assets like Bitcoin or Dash or whatever real-world applications.

Stake AMP is an extensible platform where you can transfer possessions against collateral. If you strike AMP you can transfer any form of value, such as digital payments, fiat money or real estate.

Send If you staked AMP you can make a transfer against collateral. By using collateral pools, AMP decentralizes the risk of transferring assets.

Repeat The AMP smart contract has a built-in incentive model through micro-distributions and compound interest, among other things. If a transfer is complete, it will simplify the network reward system in the future.

AMP helps you decentralize risk. This allows organizations to collateralize parts built for users with smart contract.

Collateral as a service AMP collateral has been tested, passed an audit and is available for free for anyone to use. Building apps that make AMP fixed or available on demand for securing transfers, enabling loans and circulating value faster is relatively easy.

Extensible and open source AMP was created to be as flexible and future-proof as possible. Because of the open source, anyone can create specific collateral tools for an app on your own terms.

No inflation Because of the fixed stock of AMP tokens, at least the value will not drop due to dilution. Every time new projects are added, the established AMP projects will benefit by having more liquidity and decentralization flowing in, which further reduces volatility and increases the quality of the collateral.

No discrimination regarding assets Any kind of transfer, whether digital or physical, can be done with AMP.

Key partners: Coinbase, Uniswap, Crypto.com, Loopring, CoinGecko and Chainlink, among others.

AMP's smart contracts and related components have been audited by independent security researchers at the offices of ConsenSys Diligence and Trail of Bits.

In June 2020, they found no critical issues and made 15 recommendations related to developer experiences and other optimizations, all of which have been implemented.

Digital assets are rapidly becoming a dominant medium of exchange in global commerce, but costly validation of transactions stands in the way of universal acceptance. AMP aims to solve this by decentralizing the risk of payments through collateral, thereby significantly reducing insurance costs for the counterparty.

Thus, Amp aims to bring all parties together in a mutually beneficial system. The buyer, seller and striker (collateral) come together to accomplish a sale through Amp. This is a much more advantageous system than the traditional way of trading globally.

The usual way to process a transaction consists of a number of service providers who all have their own systems and, of course, want to be paid. Think of the financial institutions, the buyer who has to use, for example, a website of the seller, the seller who has to use the services of a bank and a few more parties. Every time data is sent is a possibility of a data breach. Consequently, this is often on the news. For the seller, there are substantial risks associated with using financial networks. Processing payments usually takes a day or two, but if there is a problem it can take as long as six months to resolve. This can seriously damage a company's future.

By using the "distributed ledger" (digital ledger) system, the financial intermediary can be eliminated. Thus, risk can be decentralized, which is essential. That is what AMP is made for.

The more people use the network, the less time-bound the efficiency of use becomes. Over time, excess capacity develops, representing the ideal state of the network. The main function of AMP is to decentralize payment risks. The more people that participate in the network, the more collateral risk is spread among multiple participants, the more resistant the protocol is to price volatility. Because staking makes money, most tokens will be staked. Add to that the fixed amount of coins in circulation and you will see that because of this the price of the coin should be stable to some extent. As we do know, this also has to do with the bear and bull market, but in theory this story is true.

Flexa is designed to reduce complexity and minimize the danger of attacks. Increasing liquidity strengthens this network because of the fact that everyone gets a piece of the pie. Where other proof of stake networks devalue your rewarded coins by minting new ones this does not happen with AMP because there is a fixed number.

The Flexa collateral manager is able to liquidate collateral if payment does not materialize. AMP rewards are distributed through it when payments are successful.

The AMP network has also incorporated a number of models into their Flexa environment. Such as their continuous liquidity model, or stock to flow, as well as the network efficiency model. The first describes the desire to generate constant pressure to buy. The second model describes how there will eventually be a balance between adaptation by users and the value of the coin. This can be measured by:

Specifically for the Flexa Manager, based on liquidity

Specific to the wallet, based on variation in utility when spent and expected growth

Across the network, based on fragmentation and disproportionate distribution

Across the network, based on strike and amounts of dormant assets

As a result, the utility value should be well above the sum of all transactions combined.

AMP uses both an ERC-20 Ethereum token and a partition address. The total number of tokens is the same in both variants. The partition story is too extensive and complicated to depict exactly here. AMP supports transfers through the transferByPartition and approveByPartition. The bottom line is that AMP has both Ethereum addresses and AMP addresses in their accounts and their separate ones are totally the same. It is, however, the heart of their system, a kind of programming language. For a deeper look into this, see the white paper.

The AMP token smart contract can be extended and scaled by, for example, zero knowledge proof (ZKP, proof without knowledge of private information) systems, optimistic rollups (rollups or aggregations of payments that are optimistic, i.e., they assume it's correct, until fraud is proven, faster processing of payments where you offload Ethereum's network via a derivative route, after which it is entered into Ethereum's ledger) and use of Ethereum 2.0.

DLT (distributed ledger technology) networks can coin cross-chain (between different tokens) tokens for making collateral available quickly.

Traditional proof-of-stake networks favor strikers over coin holders. Through dilution, holders lose value. Generally, the strikers with the largest purse are also the best rewarded.

With AMP, this is not the case. It is a non-zero-sum participation network. There is a fixed amount of coins and because of the buyback policy and distribution key, holders and strikers do not lose value. Compared to burning coins, buying back from the open market has the advantage that the capacity of the network does not decline because there are fewer coins. The focus at Flexa is on network usability.

The price of AMP is anchored in its usability when spent. AMP tokens count as a numeric asset (unit of account value) that you can use to generate revenue through staking in the form of additional AMP tokens. They have a whole mathematical model (by Cong, Li and Wang) on it, but it is too far to go into it here. See their white paper if you are a mathematician.

The idea is to have cycles of value creation going around. A series of new users, such as consumers, wallets and merchants, increases the capacity of the collateral network, which increases the usability of the platform, increases the price of the token, which increases the strike yields, which increases another series of users, and so on.