Coin Healthcheck: Amp Token (AMP)

AMT Token (AMP) is a digital token designed to decentralize risk in a financial transaction.

amp token flexa payment network

AMT Token (AMP)  is a digital asset designed to decentralize risk in financial transactions. It works as digital collateral to enable instant, verifiable collateralization for any form of value transfer. 

Since the outcome is often uncertain while transactions waiting for confirmations, AMP tokens act as collateral for any cryptocurrency transaction performed via the Flexa crypto payment network. In other words, it insures the value of transfer will remain unconfirmed.


AMP was created by Flexa, the world’s leading network in pure-digital, fast, and fraud-proof payments.

State of the Project

✅ AMP was created by crypto payments company Flexa and is the main open-source token powering Flexa’s network. It aims to solve the problem of transaction security and guarantees transactions a fully digitally secured forum from source to settlement.

✅ AMP is an ERC-20 token with a fixed supply, and is therefore non-inflationary.

✅ The token was introduced in 2020 and replaced the previous native token of Flexa, the FlexaCoin (FXC), which was not able to be upgraded with new functionalities.


✅ By the end of 2021, more than 41,300 locations in the U.S. and Canada were using Flexa network. 

✅ The AMP protocol powers a fully autonomous collateralization system.

✅ The AMP token features on-chain staking operations, direct interfaces with opens-source extensible collateral managers, and more.

✅ The token is designed in a way that allows any holder to use it independently of the blockchain consensus mechanism or the type of asset used.

✅ AMP can be used for staking on the Flexa network with no lock-up period. 


Development Stage

✅ The AMP testnet launched in August 2020. Two security audits were released the same year.

✅ Flexa added support for fraud-proof Lightning Network payments in 2021, enabling compliant and fraud-proof bitcoin transactions.


✅ Flexa was funded by 3 private sales of the FlexaCoin (FXC) at the beginning of 2018, 2019 and again in April 2019, raising a cumulative $14.1 million.



❌ There has been no roadmap for AMP since 2020. 

✅ Rumors are circulating that Flexa may announce a partnership with Shopify sometime around summer 2022.


✅ The co-founders and team behind Flexa, and by extension AMP are: Daniel McCabe, Trevor Filter, Zachary Kilgore and Tyler Spalding.

✅ CEO Tyler Spalding has more than 20 years of tech experience, having previously been CTO of the world’s largest gift card marketplace, ‘Raise’, and an engineer for the U.S. Air Force, Spece Alliance and NASA. MIT and Harvard graduate Daniel McCabe also has experience from working with NASA and Lockheed Martin.

✅ The New York-based Flexa has up to 10 known employees. 

✅ Key investors: venture capital firms: – ‘Pantera Capital‘ and ‘Access Ventures‘. Fintech investors: – ‘1kx‘ and ‘Robot Ventures‘.



✅ AMP social media accounts: Twitter (44.6K),  Reddit (44.3K),  Facebook (8.9K), Telegram (4.2K), Discord (1K)/

❌ Social media followers have often complained about the Flexa team’s silence regarding updates on its future development plans. Concerns have also arisen about the company’s lack of progress. 

Key metrics

Maximum supply:  92,547,638,199 AMP

Circulating supply: 42.23 billion AMP

Market Cap:  $1.2 billion

All-time high (ATH): $0.120813 (Jun 2021)

All-time low (ATL): $0.00250501 (Nov 2020)


✅  Available to buy on 55 cryptocurrency trading platforms, including the biggest centralized crypto exchanges.



✅ Various crypto wallets that support the ERC-20 token standard.


Asset allocation 

✅ Half of the AMP token supply is allocated in equal parts to the merchant development fund (25%) and to grant the developers (25%). 20% of the supply is allocated to the founders and employee pool, with 20% for token sales, and 10% for the network development fund.

✅ The total number of unique addresses that hold AMP assets in the network has increased by over 16% during the last three months.


  • AMP is a token with strong fundamentals; it was created to solve a serious transaction security issue, and the use case of the token is highly relevant and unique as AMP offers a way to ensure the safety of assets in ongoing transactions.
  • The team behind the AMP token and Flexa payment network is solid and highly experienced, especially on the technical side of operations. Flexa has a rapidly growing list of partners and merchants worldwide who support Flexa payments, and dozens of crypto options. It should be noted that the token is young and requires more time to achieve broader adoption.
  • Valid concerns are being raised toward AMP about the prolonged silence regarding its development progress and future plans. Some concerned backers have addressed the slow progress of Flexa while working in a highly regulated environment, and their lack of public announcements outside of attained agreements.
  • With a current $1.2 billion market capitalization, the AMP token can be considered a mid-size market cap crypto. Being a relatively young token, AMP has room for growth, especially in terms of further market adoption.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia