Flexa
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Flexa is the global leader in pure-digital payments. The Flexa network uses Amp to collateralize payments and enable anyone to spend their digital assets in the real world.
AMP
Amp is a universal collateral token designed to facilitate fast and efficient transfers for any real-world application.
Real-world use cases
- Collateral for payment networks. Flexa uses Amp to enable instant, fraud-free payments to merchants across its digital payment network. Apps that integrate Flexa stake Amp to ensure all payments can be settled in real-time regardless of the asset or protocol used. Anyone can stake Amp to earn a pro-rata share of the transaction fees generated on the network. Visit the Staking Guide for details on using Amp to power global payments.
- Collateral for individuals. Users can often collateralize their own asset transfers, for instance, to gain immediate margin relief on an exchange. In this situation a user can assign Amp to a collateral manager and transfer another asset without requiring excessive transaction fees. The exchange counterparty can allow the underlying asset to be used immediately since Amp is effectively escrowed against the value of the transaction.
- Collateral for DeFi platforms. New DeFi platforms and protocols are constantly evolving global finance and many are adding Amp to their products. This has further diversified the current and future uses for Amp, and effectively increases its collateral quality. Explore the multitude of DeFi platforms
Is Amp an ERC-20 token?
Amp is a ERC-20 compatible token built on Ethereum. Amp tokens can be sent and received using any ERC-20 compatible wallet.
What is the relationship between Amp and Flexa?
- Amp is the open-source collateral token, available to anyone to use in any application.
- Flexa is the company that created Amp in collaboration with Consensys. 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. Flexa is also the entity which owns the Flexa network and all associated copyrights, trademarks, patents and other intellectual property related to it.
- The Flexa network is a payments network that enables fast and fraud-proof payments for merchants all over the world. By using Amp as collateral, Flexa can secure payment authorizations while the underlying asset remains unconfirmed, and approve merchant transactions in near real-time. It is just one use case of the Amp token.