Amp

Instant settlement assurance for transfers

What is Amp ?

1. Amp is an Ethereum token that can be used as collateral
   • to provide instant settlement assurance any time value is transferred.
2. Instant assurance is an important feature in the real world.
   • However, many blockchains are forced to prioritize security over speed.
3. When crypto is used to make a payment today,
   • it can take minutes or hours before the transaction is considered permanent.
4. Amp was created to fix this problem.
   • When Amp is used as collateral for a payment, settlement is guaranteed instantly.
5. This means that recipients can make use of their new funds right away,
   • while the original transaction is still settling on chain.
6. Amp also works with any blockchain and can provide assurance for any kind of transfer,
   • including converting one asset to another.

• What is Amp ?
  • A collateral token
  • A payment token
  • An NFT
  • A privacy token

How is Amp used today ?

1. One of the best uses for Amp today
   • is making crypto payments more viable for real-world purchases.
2. Traditional credit and debit card networks may have complex settlement processes
   • that can be slow and vulnerable to fraud, and may result in high costs.
3. A payments network built for the digital era would be
   • instant, secure, and dramatically more cost-efficient.
   • To make this a reality, Flexa was created.
4. Flexa is a new, pure-digital payments network
   • that can make any crypto asset instantly spendable
   • from any app because it’s collateralized by Amp.
5. Using Flexa, merchants can accept cryptocurrencies
   • like Bitcoin, Ether, and Litecoin instantly and affordably,
   • with no risk of fraud or chargebacks.
6. Flexa even works with existing payments hardware,
   • so merchants can accept crypto payments today.

• What does Amp provide on the Flexa network ?
  • Layer 2 auditing
  • Instant settlement assurance
  • Public Transactions
  • Cross-chain bridges

The future of Amp

1. Today, anyone can stake Amp as collateral to secure payments on the Flexa network.
2. By staking on the Flexa network,
   • users help ensure that Flexa payments settle instantly
   • while also earning Amp rewards after payments settle successfully.
3. This economic model makes for a more efficient payments network,
   • effectively decentralizing the risk of payments not being settled.
4. Because Amp is open-source and permission-less,
   • other developers can also use it to decentralize risk in their own projects.
5. As crypto becomes mainstream,
   • Amp helps enable a future where every digital asset transaction
   • is instant, safe, and secure.

• What can you earn by staking Amp on Flexa ?
  • LTC rewards
  • Nothing
  • AMP rewards
  • ETH rewards