Amplify Protocol Price (AMPT)

What Is Amplify Protocol(AMPT)?

Amplify Protocol represents a peer-to-peer system designed to address the supply chain finance challenge. It aims to improve the traditional credit granting system by making it accessible and easy to use. Amplify Protocol is a decentralized financing application that enables borrowing against collateralized assets. It is designed to enable algorithmic lending from Borrowing Pools to serve supply chain financing through tokenized accounts receivable (AR). These pools allow users to borrow and lend crypto-assets featuring mechanisms to equilibrate the loan market. The protocol is implemented as a set of persistent, non-upgradable smart contracts. These contracts are designed to promote inclusivity, self-custody, and security. The priority is to provide technological infrastructure that enables participants to transact without any intermediaries who may selectively restrict access.

What are the AMPT Token Utility?

Amplify Protocol exploits a governance token, $AMPT, to coordinate and align the interest of a varied group of stakeholders in the Protocol. $AMPT is enabled to reward participants in the governance of the Protocol, for example, those who lock their $AMPT to vote for upgrades, adjust the Protocol's parameters, or elect a new slate of multi-signature signers. It could further reward those who underwrite the Protocol's security against shortfall events from liquidations, hacking attacks, or other potential hazards that the Protocol faces to protect the deposits in the Amplify markets. Finally, it will incentivize all users to contribute actively to the development of Amplify Protocol and its ecosystem by providing them with grants. 

What Makes Amplify Protocol Unique?

Anybody who holds $AMPT tokens is eligible to participate in governance. Token holders can delegate, propose and vote on all changes to the protocol. A minimum of 1% of total supply is required to make a proposal, and a minimum of 3% of total supply must participate in voting to make a quorum for a proposal. To pass the proposal, more than 50% of the total supply is required to vote. 

Where Can You Buy Amplify Protocol(AMPT)?

Investing in Amplify Protocol can seem complicated, but it is much easier when you buy Amplify Protocol through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Amplify Protocol — both for fiat money and other cryptocurrencies. Some of the most popular Amplify Protocol cryptocurrency exchange are:

• MEXC Global

Amplify Protocol (AMPT) Community

• Twitter: https://www.twitter.com/amplifyprotocol
• Discord: https://discord.gg/yv4Muwya
• Medium: https://medium.com/ampt-defi