ETH to AMP Exchange

AMP is an Ethereum-based token, what characteristics does it offer to its holders that do not appear on the Ethereum blockchain?

Ethereum is the second-largest cryptocurrency in the world. It aims to create a censorship-free platform and hosts the largest number of tokens and NFTs, while simultaneously working on introducing ETH 2.0 to its users. ETH 2.0 is expected to increase the platform’s efficiency. Ethereum’s big name in the industry does not protect it from high transaction fees which are the result of the Proof of Work mechanism. But they are also expected to improve after the future move of the blockchain to the Proof of Stake mechanism.

However, AMP is already delivering low transaction fees which do not affect their speed. AMP is a native collateral token of a digital payment network, Flexa. It is an ERC-20 token that is used as collateral for other transactions too, such as exchanges, loan distributions, and more, that may involve any kind of currency, including fiat. Amp decentralizes risk and allows transactions to take place securely and immediately by locking and releasing the AMP tokens with the use of smart contracts. Users can also collateralize a transfer by staking AMP to partition and take advantage of collateral pools.

Overall, both tokens possess their strengths and can be handy to keep in your wallet. But AMP has been growing rapidly on the market and is becoming more applicable in different spheres while increasing its liquidity and decreasing the volatility.