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Previous Video About Amp (Flexa) 👉
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– TIMESTAMPS –
2:09 What Is AMP?
4:08 How Flexa Works
5:21 How AMP Works
7:06 AMP Staking
8:38 AMP Tokenomics
10:39 AMP Price Analysis
13:34 AMP Roadmap
15:06 AMP Token Regulation
⛓️ 🔗 Useful Links 🔗 ⛓️
► AMP Token Announcement:
► FXC AMP Migration:
► Flexa Capacity:
► Flexa Apps:
► Flexa Integrations:
► Tyler Spalding AMA:
► Trevor Filter Chinese Yuan Presentation:
👨🏫What Is AMP?👨🏫
Amp was created by Flexa, a crypto payments company based in New York City founded in 2018 by Daniel McCabe, Trevor Filter, Tyler Spalding, and Zachary Kilgore
According to Flexa, the reason they created Amp was because the Flexacoin smart contract could not upgraded to support the new functionalities they were looking for
💱How Flexa Works💱
What makes Flexa different from other crypto payment services is that crypto payments with Flexa are automatically converted into whichever fiat the merchant wants
These conversions from crypto to fiat are done in the background automatically using cryptocurrency exchanges Flexa has partnered with which wire the money to the merchant’s bank account
🛠How AMP Works🛠
The AMP token is open source, and any company looking to get into crypto payments can use it as part of their own payment protocol
The purpose of the AMP token is to act as collateral for any cryptocurrency transactions made using the Flexa payment protocol
The AMP collateral for crypto payments comes from users who stake their tokens with the payment providers leveraging the Flexa payment protocol, which are of course SPEDN and Gemini Pay
When AMP tokens are staked with these crypto payment providers, they’re essentially put into one big smart contract which acts as a sort of collateral reserve
This reserve smart contract occasionally locks small portions of AMP into smaller smart contracts which collateralize specific cryptocurrency transactions being made by the crypto payment apps
In terms of tokenomics, AMP has a maximum supply of 100 billion, which is the same maximum supply that Flexacoin had. Because not all FXC tokens were redeemed for AMP, it’s total supply is just north of 99 billion
📊AMP Price Analysis📊
In contrast to most cryptocurrencies on the market, AMP has been in a consistent uptrend almost since it first started trading in September last year
As I’ve mentioned many times before, how high a cryptocurrency could go is constrained by its market cap. AMP’s market cap is already over 3 billion, and it’s nearly 7 billion if you count fully diluted
What this means is that it’s going to take a lot of money to take a lot of money to pump it’s price up to even just a dollar, which is apparently the price point most AMP holders are hoping for
In contrast to most crypto projects, AMP does not have a roadmap. Flexa on the other hand does, but their roadmap is not clearly defined
⚖AMP Token Regulation⚖
Because Flexacoin was issued by Flexa, there is no way Coinbase could have listed FXC because it would have almost certainly been considered a security by the SEC.
This was actually noted in one of the few in-depth reviews I found about Flexacoin. Creating AMP allowed Flexa to bypass existing regulations.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Amp #crypto #flexacoin #staking #payments #spedn
Source: Coin Bureau
I want to gives thanks to you and your team because I learn most of my crypto knowledge from your channel. I believe you are the best in the business. Can you make a review about SAND, Please?
2:21 That face could only belong to someone called Tyler.
its headed to 4 cents thats where it is heades
Amp is already in use and solve a real problem. AMP will be huge in the future
Please make a video with fair lunch coins, i'm sick of all the coins given to private investors at the beginning.
Could you research about $MHC Token?
RDJ is still on his shirt! is RDJ into Crypto ?
Mate you can blink ur eyes now.
Do you have any idea if Polkadot is available in binance?
Everrise coin review please
Litecoin > All others
Best crypto content on YouTube
We're mooning AND trending. Community on FIRE FATCAKE
Nice video. I really like it.
Super interesting one!
Your video helps me a lot to understand about flexa it will surely benefitted me
Flexa and AMP were secretly created by Amazon!😮
Holding both Amp and ACH!! both are great projects for crypto payments
Possible Amazon adoption..
I love AMP! 💯🚀🌕
smart dude thankyou so much
Great details.. I think Flexa is a charitable entity…
#AMP come on!!! 🚀🚀🚀🚀🚀
AMP NEXT MOVE -$100
AMP top 100 holders are holding 90% of the total coin supply, AMP will be dumped hard one day or an other!
WELL…. i may be wrong… but i cant Use Binance in Texas. coinbase is not even allowing me to start and .. check the news lol.
thanks for all videos anyway.
I’m sure he’s probably sharp as a tac, but I can’t take this guy seriously because of the silly faces he makes for his videos.
5 dollars soon?
Amp is headed in your ass,
This coin is nothing but the biggest drama queen of crypto currency
Who’s to say if AMP can’t pass ADA, I think it’s on the cards. Sorry to disagree guy.
$AMP BUY IT STAKE IT HOLD IT REPEAT 🔁
The secret of your failure is hidden in your daily activities and mindset.
Am hearing this coin 💰 for the first time, unlike refinables $FINE.
The overall knowledge conveyed of AMP & the Flexa Network was minimal at best. It was as if Guy was reading a book report turned in by a D+ student.
$.25 predictions put this over 4x which is not bad at all