It is built on Ethereum in accordance with the ERC20 standard for tokens.
In its complaint against a former Coinbase employee accused of insider trading, the SEC says that AMP, along with eight other digital tokens, namely Rally ( RLY), DerivaDEX (DDX), XYO ( XYO), Rari Governance Token ( RGT), LCX ( LCX), Powerledger ( POWR), DFX Finance ( DFX), and Kromatika ( KROM), all have the hallmarks of the definition of a security. Amp is a digital asset token used to collateralize payments on the Flexa Network. This article will discuss AMP tokens in great detail, focusing on frequently asked questions about the currency, its role on Flexa, its history, and its potential future. Securities and Exchange Commission (SEC) declared that AMP is an unregistered security. AMP is the exclusive crypto token used on the Flexa network, a popular merchant network that allows for low-cost digital payments in a secure manner. While trading of AMP may resume at some point in the future on the Binance.US platform, we are taking this step now until more clarity exists around the classification of AMP.” “We believe that, in some circumstances, delisting an asset best protects our community from undue risk. Binance says that it considers market and regulatory developments in its listing and delisting processes and assets that potentially no longer meet its listing standards go through in-depth review and assessment.
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