1. Project introduction

AMP is the new digital collateral token offering instant, verifiable assurances 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.

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 which 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.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.

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. In helping to develop the AMP token, Flexa contributed two years of research and development to the token architecture and design, and developed and released the first AMP collateral manager contract as open source.

2. Team introduction

Co-founder: Daniel C. McCabe

Linkedin: https://www.linkedin.cn/incareer/in/danielcmccabe

Co-founder: Trevor Filter

Linkedin: https://www.linkedin.cn/incareer/in/trevorfilter

Co-founder: Zachary Kilgore

Linkedin: https://www.linkedin.cn/incareer/in/zacharykilgore

3. Investment institution

1kx, Access Ventures, Nima Capital, Pantera Capital, Robot Ventures, etc.

4. Application and distribution

Total supply: 100 billion

Token application:

(1) Collateral: On the Flexa payment network, AMP is staked by users to provide the sellers with collateral to unconfirmed cryptocurrency payments. For each transaction, an equal value of AMP is locked in a smart contract before the cryptocurrency payment (e.g. Bitcoin) is confirmed. If the payment ends up not being confirmed, the AMP token staked is used to repay the sellers.

(2) Staking: Users can stake AMP to increase the capacity of the Flexa payment network. Stakers receive staking rewards from network transaction fees.

(3) Governance: Users can vote on governance proposals including future grant recipients, partnerships, cross-chain integrations, and DeFi collaborations.

Token distribution:

Merchant Development Fund: 25%

Developer Grants: 25%

Flexa Founding Team and Employee Pool: 20%

Token Sales with a one year lock up: 20%

Network Development Fund: 10%