Amp
AMP
$0.01

Sector

Platform

Exchange Debut

2020-09-14

Market Cap

316,444,610

Maxim Supply

99,446,043,447

Circulating Supply

56,127,938,240

Circ. Supply(%)

56.44%
amp

Amp

AMP

Price

$0.01

Market Cap

Sector

Exchange Debut

316,444,610
2020-09-14

Volume 24h

High 24h

Low 24h

8897850
0.005995372623
0.005527234402

Change 24h

Change 7d

Change 30d

-1.6933
-16.5635
-17.3358

Maxim supply

Circulating supply

Circulating supply(%)

99,446,043,447
56,127,938,240
56.44%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Amp – AMP cryptocurrency:

 

Amp (AMP) emerges as a promising yet moderately performing cryptocurrency, based on the fundamental analysis of the Amp – AMP cryptocurrency. This decentralized protocol aims to revolutionize value transfer by offering collateral as a service, targeting issues like slow transaction times and volatility. Despite its innovative approach, its overall score of 5.84 out of 10 reflects a blend of strengths and weaknesses across various sectors.

SOCIAL & MASS MEDIA: Score 5.9 out of 10

Amp’s presence in the social and media realm is a mixed bag. It shines with high community activity on social media pages, scoring a perfect 10, indicating a robust and engaged user base. However, its ability to attract followers and the activities of its social media administrators are relatively weak, scoring 3 and 1 respectively. This inconsistency highlights the challenges Amp faces in maintaining a balanced and effective social media strategy, a crucial aspect in today’s digital currency landscape.

AUDIT & SECURITY: Score 6.2 out of 10

The audit and security aspect of Amp scores a modest 6.2. While the results of audits are somewhat satisfactory (6.5), transparency and liquidity on exchanges present areas for improvement. These factors are essential for gaining user trust and ensuring a secure trading environment, suggesting Amp has room for enhancement in these domains.

TOKENOMICS: Score 6.8 out of 10

Amp’s token economy is relatively solid, scoring 6.8. Its inflationary nature is reasonably managed, and the decentralization of its monetary mass is commendable. These aspects suggest a stable economic framework, although there is potential for further refinement to attract more investor confidence.

ECOSYSTEM DEVELOPMENT: Score 4.1 out of 10

Ecosystem development appears to be a weak link for Amp, with a score of only 4.1. The project struggles with achieving its objectives and introducing new developments. This indicates a need for more focused and effective strategies to enhance the platform’s capabilities and reach.

TEAM & DEVELOPERS: Score 6.64 out of 10

The Amp team and developers earn a respectable score of 6.64. The experience of the team is noteworthy (6.8), but the number of software developers could be higher. This suggests that while the team has the necessary expertise, scaling up the development force could accelerate growth and innovation.

PRODUCT & UTILITY: Score 6.42 out of 10

Amp’s product and utility score at 6.42, with a high utility of tokens in the ecosystem (9 out of 10) being a major strength. However, the overall utility of the product is perceived as lower (4.7), indicating a gap between the potential and actual application of Amp in practical scenarios.

PARTNERS & INVESTORS: Score 5.5 out of 10

In terms of partners and investors, Amp scores a moderate 5.5. While it has a decent number and quality of partners, the capacity and impact of its investors are average. This area is crucial for long-term sustainability and growth, suggesting Amp could benefit from more strategic partnerships and investor engagement.

Fundamental analysis of the Amp – AMP cryptocurrency – The final conclusion

In conclusion, the fundamental analysis of the Amp – AMP cryptocurrency reveals a project with significant potential but facing challenges in various areas. Its innovative approach to collateral in transactions is promising, yet it struggles with consistent social media engagement, ecosystem development, and maximization of product utility. The moderate scores in team experience, token economics, and partner relationships indicate areas for improvement. Investors and potential users should weigh these aspects carefully, considering both the risks and opportunities presented by Amp. For sustained success and growth, focused efforts on enhancing weaker areas while leveraging its strengths are essential.

What is Amp?

 

Amp is a decentralized, open-source protocol offering collateral as a service. Launched in 2020, it aims to enhance transaction security and efficiency in value transfers. Amp stands out as a digital collateral token that provides instant, verifiable assurances across various asset-related transactions.

Fundamental Analysis of the Amp – AMP Cryptocurrency

Collateralization and Smart Contracts

Amp’s system includes collateral partitions and collateral managers. These partitions can collateralize any account, application, or transaction, with their balances verifiable on the Ethereum blockchain. Collateral managers, functioning as smart contracts, manage the locking, releasing, and redirecting of collateral in these partitions to facilitate value transfers.

Predefined Partition Strategies

Amp introduces predefined partition strategies. These strategies allow for innovative collateral models, including staking tokens without moving them from their original addresses. This feature adds a layer of flexibility and security to the token’s use.

The Founding Team and Flexa

Flexa, a New York-based blockchain payments company, is Amp’s parent entity. Co-founded by Trevor Filter, Zachary Kilgore, and Tyler Spalding in 2018, Flexa specializes in FinTech and aims to revolutionize real-world payments. Tyler Spalding, Flexa’s CEO, launched Amp with the Flexa team. His background includes degrees in engineering and business, with extensive experience in blockchain projects.

Unique Features of Amp

Open-Source and Decentralized Ecosystem

Amp’s open-source, decentralized nature allows for the decentralization of risk through smart contracts. This aspect aids in integrating value transfer and assets seamlessly.

The Flexa Network Synergy

Flexa works in conjunction with Amp to offer unique solutions for crypto transactions. It provides a system where sellers are protected from fraudulent activities and potential losses. In case of transfer issues, the network compensates the merchant, with AMP tokens acting as collateral. This model ensures secure and almost instant transactions for merchants, while allowing investors to stake AMP tokens for passive income.

Fundamental analysis of the Amp - AMP cryptocurrency

Amp - AMP performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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