AMP Token Review: Any Potential? My Deep Dive!! 🤔

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📺Essential Videos📺

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- TIMESTAMPS -
0:00 Intro
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
16:47 Conclusion

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⛓️ 🔗 Useful Links 🔗 ⛓️

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👨‍🏫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

👨‍💻AMP Staking👨‍💻

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

💸AMP Tokenomics💸

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

📅AMP Roadmap📅

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.

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📜 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

[goldfishlasagna]

I remember when I first started buying AMP and there were zero videos about AMP or Flexa on youtube. I would search everyday because I knew everyone would soon see the beauty of the AMP token. Its great to see a big crypto youtuber making an indepth video describing the project. Great work!

[monode]

Steve Jobs said that every week there was another company launch - stickers, baseball hats, sweat shirts, tshirts, mousemats and the inevitable bankrupsy 6 mons later. However he said the companies that made it just got on with business adn you heard about them through the grapevine or suddenly they where everywhere. Thats Amp!

[verbal]

There are zero crypto channels that do as thorough of an investigation as Guy. Yet again... proving this case. Bravo!

[zinjan]

AMP is going to be huge, the use case is very real

[cody]

I love how every episode comes with homework assignments.

One of these days I'll be all caught up.

[joestrutter]

I recently joined the Crypto buying world. ADA and AMP are in my portfolio, in it for long haul

[Ryan-xqkl]

AMP is one of the first tokens to be usable in regular stores you can find near you in the USA it is amazing

[fcmb]

I'm all in on AMP. Cant shake this gut feeling it's going to be enormous and the digital Yuan news just affirmed my beliefs that there is way more going on behind the scenes with this token

[HemiBurns]

AMP is onto something BIG....REALLY BIG....
I am betting a sizable chunk of us will be spending crypto at retailers all over the world.
Get ahead of the game...its coming

[Jason-txoq]

Hi Guy - Since one Year was fly. So Any additional update about AMP

[JayDownSouth]

$AMP is my baby. I'm bullish on $AMP and $MATIC, these are great projects!

[quantumindicesfuturestrade]

I don't own a lot of AMP because it's a part of our holding as a percentage. We like the tech specs we like where it's going. It's a must have in the crypto space. We don't know where it's going price wise but the risk to reward will be respectable.

[eSharkUK]

Need a fresh review on AMP token project, please, as it has a few changes 🤔

[phearlesspharaoh]

I used some ETH profits and bought almost 19k. At first I only did it because I saw it was in consolidation off it’s ATH, but after doing more research this is a HODL!
IF Amazon partners with them, I think.19 cents is in play by next year.

[TheJojoShawShow]

I’m Bullish on AMP token because it’s a great project!

[PapaBearChairCards]

I wish people would rely a lot less on marketcap when evaluating crypto assets. This isn't the stock market. In crytpo, tokens could be staked or deflationary which changes the dynamics to a huge degree. People need to do targeted research to truly recognize the potential of some of these projects.

[elisolomon]

5 months after you posted this video, it remains relevant. Thanks, Guy.

[dannyshortwave]

Thank you for the review on the AMP token. Have a good weekend Guy and cheers. 🍻

[mattjohnson]

Glad to see Amp finally getting the love and recognition it deserves lately. This project is going to be huge. And very soon.

[vibhorejain]

You earned your like on "I'll keep cranking out quality crypto content until fiat currency is sent back to hell"!!!!
Amen to that Lord Guy 🙇🏻🙌🏼😂