![]() From a macro perspective, it's definitely an interesting token to look at from that angle, and as you mentioned, there are a number of partnerships that the company has worked with to grow at current network across a number of real businesses. I know we touched on that a little bit during the show. There are some other networks that are doing similar things, but Amp's non-inflationary token as well. Reserves have declined by about 1 trillion, or 7.8, this year to 12 trillion, the biggest drop since Bloomberg started to compile the data in 2003. 27S.0O Vest Pocket Coin Chutes 3.50 CONSOLES Mills Four Jells. Amp solves that, and it's a pioneer in that regard. Global foreign- currency reserves are falling at the fastest pace on record as central banks from India to the Czech Republic intervene to support their currencies. They can know that they're going to get the money that's owed to them, similar to processing a credit card transaction or something of that sort, and instantaneous payments are a way of life that we just take for granted, but in the crypto world, that's not really how it works right now. What that means for the commerce utility or the commerce use-case behind crypto is it makes these transactions more secure for merchants. Apparently Binance is now the place where the coins rocket up on listing day like NuCypher did and not Coinbase. We will be sitting around 1.20 this time next year if the coinbase listing happens soon. If for some reason the transaction fails, the merchant will be rewarded or compensated in AMP tokens. My prediction I that AMP will reach 0.1 before coinbase listing and then 10x to 1 once listed. Essentially, based on that, a smart contract will execute given enough collateral. When you're looking at paying less fees it could take half an hour, an hour, or even longer depending on how many transactions are going through the network.īut Amp has stepped in to solve this issue, and this platform does this by requiring collateral from those parties initiating the transfer. If you pay the higher gas fees to get what they call a faster quick transfer, it could still take a few minutes. The same thing goes for transferring via Bitcoin ( BTC 2.97%) and the speed as well. One is there's going to be some fee involved, and in the case of anything based on top of Ethereum, like you touched on before, there is gas fees that can be pretty significant.
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