It is a common trend to see a coin’s price pump after a Binance listing announcement. Immediately Binance made the announcement, the AMP price surged upwards and it has maintained the bull trend to the time of writing. In a tweet posted today, Binance announced that it will be listing the $AMP and $PLA tokens. The reason for today’s AMP price hike is due to Binance announcing the token’s listing on their platform. The AMP platform also enables users to stake their coins to earn rewards besides helping them collateralize a variety of assets.ĪMP’s open-source code allows anyone to organize their collateral manager to interface with the AMP network. It uses smart contract features that are built from the ground up for collateral to decentralize risk for users. Payments are guaranteed in real-time using AMP as collateral. The AMP coin, formally known as Flexacoin, is designed to decentralize risk in payment transactions by dramatically reducing the assurance cost from the existing counterparty network, as well as incorporating a novel partition interface to facilitate the interoperability of staking contracts for any surety mechanism. What Is AMP?ĪMP is ERC20-compatible and operates as the exclusive collateral token of the Flexa network that accepts low-cost digital payments in a fraud-proof manner. In the last 24 hours, the AMP coin has risen by 30% to trade above $0.06702.Īmp is among the few coins that have maintained a bullish trend in the past week as the crypto market nosedived. As most of the major cryptocurrencies including Bitcoin and Ethereum struggle in the red, some altcoins including AMP have registered a double-digit rise in the last 24 hours.
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