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Frequently Asked Questions

Here you can find frequently asked questions about various cryptocurrencies.

What Is Polymesh (POLYX)?

Polymesh is an institutional-grade permissioned [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) built specifically for [regulated assets](https://coinmarketcap.com/alexandria/glossary/security-token). It streamlines antiquated processes and opens the door to new financial instruments by solving challenges with public infrastructure around governance, identity, compliance, confidentiality, and settlement. POLYX is the native protocol token of Polymesh used to stake and secure the network, pay transaction fees, and engage in governance. Polymesh integrates built-in financial primitives that enable users to operate the blockchain at minimal fixed costs. Additionally, it enables developers to create [decentralized applications (dApps)](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) on the platform. Polymesh also aims to effectively tackle critical concerns like rule enforcement, identity verification, regulatory compliance, data privacy and transaction finalization. According to Polymesh's whitepaper, the project overcomes the flaws in Ethereum and other general-purpose blockchains that may impede the acceptance of [security tokens](https://coinmarketcap.com/alexandria/glossary/security-token) by industries and institutions.

Where to Buy Flux (FLUX)?

FLUX is available on a variety of cryptocurrency exchanges depending on your region. For the latest list of exchanges and trading pairs for FLUX, click on our Flux market pairs tab. Flux is available on many top exchanges, such as: Binance, BinanceUS, Crypto.com, Gate.io, KuCoin, and more. To check FLUX price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Flux price page. Alternatively, use the dedicated exchange rate converter page. Popular Flux price pairs include: FLUX/USD and FLUX/EUR.

Who are the Flux co-founders?

Flux has three co-founders. Daniel Keller from the USA is a Co-Founder and Chief Strategy Officer of Flux. This technologically astute leader brings 25+ years of broad experience in technology infrastructure, operations and large scale project leadership, and the ability to bridge effective communication across all organizations. Tadeas Kmenta is the second Co-Founder, who has been developing the project since its inception and is currently working at the position of Chief Innovations Officer focusing on new and emerging technology developed on Flux and FluxOS. The third Co-Founder of Flux is Parker Honeyman, Chief Operations Officer, engineer who brings technical know-how and proven development processes to the project.

What are the Node Tiers?

Flux has 3 tiers of nodes 1. Cumulus: Requires 1000 $FLUX 2. Nimbus: Requires 12,500 $FLUX 3. Stratus: Requires 40,000 $FLUX This collateral isn’t locked and belongs to users. Flux node operators are able to delete their node and sell collateral whenever they want. Current rewards for running a node can be seen on the FLUX dashboard – www.home.runonflux.io. Recently Flux introduced Titan on-chain staking. The Titan nodes are powerful Stratus tier Flux nodes operated by experienced Flux node operators. The Titan nodes leverage Lumen Technologies infrastructure to create attractive and powerful hosting solutions for Enterprise clients. To keep things decentralized, community providers have stepped up and stood up servers for Titan as well. To participate, all you need is to have 50 Flux in the official Zelcore wallet for the minimum Titan collateral. Via Zelcore, you will be able to lock your Flux in a 3, 6, or 12-month stake and participate in a shared Titan node on the FluxOS marketplace. After this time, you will have your collateral unlocked along with your staking rewards. You also have the option to auto-renew your stake, the Titan nodes will then auto-compound your original stake and rewards. Current rewards for running a Titan node can be seen on the FLUX dashboard – https://home.runonflux.io/apps/shared-nodes. Want to run a Flux node? Visit https://runonflux.io/flux-nodes.html for more information. How do users benefit from Flux? What is the simplest way to take part in Flux? There are many ways of making the most of your FLUX. At first just by holding. Every time FLUX introduces a new parallel asset there is an airdrop of the new tokens to FLUX holders. Then running nodes, on-chain staking in Titan nodes and staking on Coinmetro. Of course you can also be a Flux miner! Thanks to parallel mining it is very profitable, because you not only earn Flux on the main chain but on all parallel chains as well, in a 1:10 ratio to FLUX. You can also earn FLUX by getting involved with the Flux community on Discord. Who are important partners of Flux and how do these partnerships help the ecosystem? Flux is extremely proud to be a part of Nvidia’s Inception program! Flux will be able to evolve faster through access to NVIDIA’s cutting-edge technology and experts, networking events, and co-marketing support. Flux has partnered with Seeed Studio, which develops hardware for home-hosted Flux nodes. Recently, Flux announced a partnership with Lumen Technologies (a Fortune 500 company) and OVHcloud (Europe's leading cloud provider). They will work together to increase the adoption of Web3 and the underlying next-gen technologies by creating an attractive technological platform for enterprise clients. Flux is also working with the University of Applied Sciences in Geneva, Switzerland on PoUW use case buildout. One of Flux's biggest partnerships is Kadena. Most of Kadena's nodes are hosted on the Flux network. This long-standing relationship has steadily grown over the years and today Flux is the default cloud platform for most projects in the Kadena ecosystem such as KDLaunch, Kaddex, KDSwap, Docushield, Timpi, Babena, Miners of Kadenia, KDABet, Kadcars NFT, KadeFi, Arkade, Kadena Weeb, and more. Outside the Kadena ecosystem, Flux also provides decentralized Web3 infrastructure for some (projects or Dapps) such as Kusama nodes, Polkadot nodes, Presearch nodes, Firo nodes, Ethereum light node, Rosetta Server, Raven nodes and explorer, Anchor Protocol, Haven Vault, Pangolin DEX, Aave Liquidity Protocol, Ergo Auctions, Osmosis, Dash nodes and explorer, Ragnar Finance, and more. Games and productivity apps have also found a home on Flux. One of the great successes that has been increasing the number of projects that use Flux infrastructure to deploy their DApps, nodes or even part of their infrastructure is FluxLabs, an incubation and acceleration project for blockchain and technology-based projects with a focus on early stage startups in the emerging blockchain and cryptocurrency industries. Learn more about FluxLabs: https://runonflux.io/fluxlabs.html

Who runs the nodes in the Flux network?

Flux nodes are decentralized nodes run by users all over the world. Flux node operators have the option to choose setting up their node on their own hardware or they can use a VPS. Also we have several community node providers such as Hostnodes or GoldieTech nodes that run home-hosted nodes for anyone on their hardware. With currently almost 15,000 nodes Flux is the biggest decentralized network in the world. Flux together with partners Lumen Technologies and OVHcloud is working to bridge the gap between legacy infrastructure and Web3. Flux will be able to deliver a truly unique Web3 experience, backed with infrastructure ranging from edge computing enabled Nvidia Jetsons running in people’s homes to Enterprise level Lumen infrastructure utilizing adaptive networking and connected security solutions. The Titan program enables anyone to participate in deploying Enterprise-level infrastructure for the Flux network. It provides everyone with an easy way to support Web3 and doesn’t require any technical knowledge.

What is the FLUX supply, allocation and distribution?

There will only ever be 440 million FLUX. The 440 million can reside on any of the parallel asset chains or on the native Flux chain as they are able to move between chains, so while the circulating supply will be distributed across many chains, the maximum supply will always be 440 million. Current (2023/1) circulating supply is 285,978,944 FLUX; 120,333,500 FLUX of which is locked in Flux nodes. Flux has been GPU mined since day one; no ICO/IEO/Pre-sale was held. FLUX Token Allocations: 94.7% is owned by users 2,9% Flux Foundation 1,7% Exchange Listing/Liquidity 0,7% Flux Team The block reward is divided by 50% POW and 50% to FluxNode operators. A mining block currently carries a reward of 37.5 Flux. For each block 37.5 Flux are also distributed to node operators in a deterministic round robin system with the reward being split between three node tiers. As more nodes join a tier the time between rewards grows as the ‘queue’ in the round robin system grows longer. This ensures a fair, transparent and predictable reward distribution to FluxNode operators. Both miners and node operators earn additional rewards through parallel mining which is the distribution of Flux parallel assets, this essentially doubles the block rewards, although the distribution of the unreleased parallel assets doesn’t occur until their release.

What are parallel assets in the Flux ecosystem?

Parallel assets can be likened to token bridges that allow assets to be ported from one blockchain to another. Parallel assets can be integrated with different applications, including those of decentralized finance on the Flux computational network, thus, removing the risks of those applications being limited to the Flux network. This way, development teams working on projects using Flux can maintain the uniqueness of their blockchains while still being able to access all the infrastructure they need in the Flux ecosystem. The Flux operating system (FluxOS) takes the interoperability provided by parallel assets further by enabling developers to run any application on any blockchain, thanks to the software’s cross-compatibility. Another advantage that comes with Flux parallel assets is the creation of new opportunities for arbitrage trading. Flux traders can spot differences in the price of flux parallel assets across different DEXs and quickly take advantage of them by swapping native Flux for that parallel asset. This can happen in only a few seconds by using ‘Fusion’ built into the Flux wallet (Zelcore) In April 2021, Flux launched its first parallel asset, Flux-Kadena, followed by Flux-ETH and Flux-BSC existing on the Ethereum and Binance Smart Chain. By the 3rd quarter of 2021, Flux-Sol and Flux-Tron were distributed to native Flux holders. Flux-Avax has been the first asset to be distributed in 2022 with Flux-Ergo in September of 2022. In all, there are going to be ten parallel assets of which seven are now deployed with three more to follow.

What makes Flux unique?

Decentralization is essential for the Flux Web3. There are many projects calling themselves “Web3” but they use centralized infrastructure, that means they are not decentralized and applications running on them are prone to being impacted by ‘single point of failure’ as centralized data centers experience downtime, which is constantly happening in centralized clouds. Flux is the first truly decentralized Web3 infrastructure, with no single point of failure and 100% uptime. Flux has been developing PoUW. The impact Proof of Useful Work will have on both crypto and traditional industries will be tremendous. It is one of the biggest projects that Flux is undertaking and has the potential to transform how we view Proof of Work blockchains and solve the current sustainability issues that are often subject to negative attention from blockchain critics. Flux is looking to harness the vast amount of compute power its GPU miners use to secure the blockchain by getting it to solve real-world problems instead of the random problems used in traditional PoW chains. The types of real-world problems that could be used range from encoding video to predicting the weather to helping research teams with their machine learning models.

What is Flux cryptocurrency and how does it work?

Flux is the cryptocurrency that powers the Flux ecosystem. It has a number of uses including purchasing resources, collateralizing nodes and fuelling transactions on FluxOS, as well as rewarding both miners and FluxNode operators for providing computational resources. The Flux ecosystem is devoted to empowering everyone to develop, deploy and use the decentralized Internet of the future: Web3 At this moment the Flux ecosystem consists of: a native, minable POW cryptocurrency ($FLUX), a powerful decentralized computational Flux Network (FluxNodes), a Linux based operating system (FluxOS), the premier digital asset platform (Zelcore) and, finally, the Flux blockchain for on-chain governance, economics and parallel assets to provide interoperability with other blockchains and DeFi access. Currently (2023/1) Flux has a computational network consisting of around 15,000 decentralized nodes, distributed globally with more than 108,000 CPU cores, 288 terabytes of RAM and 6.7 petabytes of storage. That makes Flux the largest decentralized network in the world!

When Will Biconomy (BICO) Trading Begin?

BICO closed its public sale on Oct. 14, 2021.

How Is the Biconomy Network Secured?

Biconomy’s [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) have been audited by Quantstamp, MixBytes, Certik and Halborn. Biconomy enables gasless transactions by providing a software development kit that developers can add to their DApp with a few lines of code. Biconomy is [non-custodial](https://coinmarketcap.com/alexandria/glossary/non-custodial) and trustless, as users with their respective private keys sign all transitions. The signed data is relayed by Biconomy and cannot be changed by the network. Moreover, Biconomy plans to decentralize to ensure greater security in the future progressively.

How Many Biconomy (BICO) Coins Are There in Circulation?

BICO is the network’s native utility token with a total supply of 1 billion. Node operators on the network pay a transaction fee in BICO to add information to the blockchain. Token holders can earn rewards from [staking](https://coinmarketcap.com/alexandria/glossary/staking) and securing the network. BICO is also used to vote on governance proposals, such as changing the code, adding additional services, or use of treasury funds. The token allocation is as follows: * Community (38.12%): 7.5% on TGE, 47 months linear release. * Foundation (10%): 10% on TGE, 12 months lockup, 24 months linear release. * Team and advisors (22%): 12 months cliff, 24 months linear release. * Pre-seed round (6%): 9 months lockup, 27 months linear release. * Seed round (6.38%): 9 months lockup, 24 months linear release. * Private round (12%): 10% on TGE, 12 months lockup, 24 months linear release. * Strategic investors (0.5%): 10% on TGE, 6 months lockup, 24 months linear release. * Public sale (5%): 3 months linear release, or 10% on TGE, six months lockup, six months linear release.

What Makes Biconomy Unique?

Biconomy offers a unique solution to a common problem in the blockchain space. For several reasons, interactions with decentralized applications are nowhere near as seamless as for web2 applications. For instance, web3 applications require gas fees, but there is no equivalent of paying a usage fee for web2 applications. Gas fees on the Ethereum network are always paid in ETH, although users may not want to spend their Ether. Moreover, onboarding new users can be complex due to the required proficiency in using web wallets, signing transactions, and understanding the intricacies of gas. Biconomy solves this with its relayer infrastructure network that is already being used by several protocols: * [Curve Finance](https://coinmarketcap.com/currencies/curve-dao-token/) is using Biconomy to do meta transactions to do gasless [BTC](https://coinmarketcap.com/currencies/bitcoin/) deposits. In this case, users can deploy their idle BTC to provide liquidity without paying gas to swap them for [RENBTC](https://coinmarketcap.com/currencies/renbtc/). * [Perpetual Protocol](https://coinmarketcap.com/currencies/perpetual-protocol/) offers gasless transactions to its traders on the xDAI chain thanks to Biconomy. Users also enjoy blockchain agnostic transactions because there is no need to change the RPC url in their web wallet. * [Decentral Games](https://coinmarketcap.com/currencies/decentral-games/) provides a seamless gaming experience to its users by removing gas fees with the help of Biconomy. Players just receive the in-game currency and do not need to hold [MATIC](https://coinmarketcap.com/currencies/polygon/) for transactions on the Polygon blockchain that Decentral Games uses. * [Sapien Network](https://coinmarketcap.com/currencies/sapien/) is a social blogging platform and also enables gasless transactions. New bloggers can transact SPN for free on the platform.

Who Are the Founders of Biconomy?

Biconomy was founded by an international team of blockchain entrepreneurs. Ahmed Al-Balaghi, one of the project’s co-founders and a Queen Mary University alumnus, has spent over three years in the blockchain industry in China, the UK, and the United Arab Emirates and previously worked for Viewfin, a leading Chinese blockchain company. The other two co-founders are Indian blockchain entrepreneurs Sachin Tomar, who has a background in software engineering, and Aniket Jindal, who previously worked for blockchain projects in the UAE. Biconomy is also backed by several reputed blockchain venture capitalists such as Coinbase Ventures, Binance Launchpad, Mechanism Capital, Huobi Ventures and several others.

What Is Biconomy (BICO)?

[Biconomy](https://coinmarketcap.com/currencies/biconomy/ico/) is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications ([DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps)). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products. Biconomy offers an infrastructure to solve several web3 bottlenecks: * Protocols can onboard users without paying [gas](https://coinmarketcap.com/alexandria/glossary/gas) fees. * Users can pay gas in an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token of their choice. * Users avoid blockchain complexities like a change of network. * Transactions are confirmed much faster. In short, Biconomy focuses on transaction management and gas optimization and can reduce gas costs by up to 40%. To achieve that, the protocol utilizes meta transactions, allowing users to submit a transaction with zero gas and having a third party pay for the transaction fees for the user. By providing a non-custodial and gas-efficient relayer infrastructure network, Biconomy is able to do this at scale.

Where Can You Buy Dash (DASH)?

As one of the more popular altcoins, Dash can be purchased on most major cryptocurrency exchanges, including [Binance](https://coinmarketcap.com/exchanges/binance/), [Coinbase Pro](https://coinmarketcap.com/exchanges/coinbase-pro/), [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/), [Kraken](https://coinmarketcap.com/exchanges/kraken/) and [OKEx](https://coinmarketcap.com/exchanges/okex/). It can be traded against fiat currencies, cryptocurrencies such as [Bitcoin](https://coinmarketcap.com/currencies/bitcoin) and [Ether](https://coinmarketcap.com/currencies/ethereum/) (ETH), and [stablecoins](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) such as [Tether](https://coinmarketcap.com/currencies/tether/) (USDT) and [USD Coin](https://coinmarketcap.com/currencies/usd-coin/) (USDC). It can be bought and sold on both spot and derivatives markets. Are you interested in buying Dash or other cryptocurrencies such as [Bitcoin](https://coinmarketcap.com/currencies/bitcoin)? CoinMarketCap has a simple, [step-by-step guide](https://coinmarketcap.com/how-to-buy-bitcoin/) to teach you all about crypto and how to buy your first coins.

How Is the Dash Network Secured?

Dash uses a two-tier network to secure its transactions. The first tier consists of nodes that carry out mining operations under a proof-of-work [consensus](https://coinmarketcap.com/alexandria/glossary/consensus) protocol, meaning that they compete to solve complex cryptographic problems and at least 51% of nodes must approve a transaction for it to be added to the blockchain. The PoW algorithm used by Dash is called "X11" — a custom hashing algorithm developed by Dash founder Duffield that uses a sequence of 11 hashing algorithms. According to Dash's [documentation](https://docs.dash.org/en/stable/introduction/features.html#x11-hash-algorithm), X11 is "one of the safest and more sophisticated cryptographic hashes in use by modern cryptocurrencies." The second tier consists of masternodes operating under a proof-of-service consensus algorithm in which masternodes are rated based on their history of providing good services to the network. Masternodes oversee the network and have the power to reject new blocks added by nodes if they were approved improperly. They also enable Dash's ChainLocks feature, which increases security because every 12 hours, a rotating group of masternodes observe and confirm all new blocks added to the blockchain. Dash's developers have [stated](https://blog.dash.org/mitigating-51-attacks-with-llmq-based-chainlocks-7266aa648ec9) that this protects the network against [51% attacks](https://coinmarketcap.com/alexandria/glossary/51-attack).

How Many Dash (DASH) Coins Are There in Circulation?

The maximum number of Dash tokens that can be issued is 18,921,005. However, this figure ultimately depends on how the governance decides to allocate the 10% of block rewards reserved for budget proposals. If none were ever allocated, only 17,742,696 DASH would ever be emitted. New Dash tokens are [created](https://docs.dash.org/en/stable/introduction/features.html#emission-rate) through a [proof-of-work](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) mining algorithm in which the token emission rate is decreased by one-fourteenth, or approximately 7%, every 210,240 blocks, or about every 383 days. Approximately 45% of new DASH is awarded to miners, 45% to masternodes and 10% to fund future proposals. In August 2020, a proposal was [approved](https://www.dashcentral.org/p/decision-proposal-block-reward-reallocat) that will, once in effect, change the ratio of coins awarded to miners and masternodes from 50/50 to 40/60, respectively. Within the first 48 hours of Dash's launch, approximately 2 million coins were mined, which significantly exceeded the planned emission schedule. Dash was originally forked from Litecoin, which suffered a similar issue at its launch due to a bug in its difficulty adjustment algorithm. While it is well-documented that Dash inherited the bug from Litecoin, there has, nonetheless, been widespread speculation about whether the resulting fastmine was intentional to benefit early miners.

What Makes Dash Unique?

According to its website, the [goal](https://docs.dash.org/en/stable/introduction/about.html) of Dash is "to be the most user-friendly and scalable payments-focused cryptocurrency in the world." To accomplish this, the project relies on a network of masternodes, which are servers backed by collateral held in Dash that are designed to provide advanced services securely and governance over Dash's proposal system. In exchange for part of the block rewards, masternodes provide a second layer of services to the network. They facilitate functions such as InstantSend, PrivateSend and ChainLocks. Dash is marketed to both individual users and institutions, including merchants, financial services, traders and those who need to send international remittances. In October 2020, Dash Core Group [reported](https://www.dash.org/forum/threads/dash-core-group-q3-quarterly-call-29-10-2020.50832/) that its strategic objectives moving forward include building its ecosystem and brand, ensuring that users are satisfied and further advancing the technology behind the network. Dash's governance system, or treasury, distributes 10% of the block rewards for the development of the project in a competitive and decentralized way. This has allowed the creation of many funded organizations, including Dash Core Group. In addition, the Dash Foundation, which advocates for the adoption of the cryptocurrency, receives donations and offers paid individual and institutional memberships.

Who Are the Founders of Dash?

Dash was founded by software developers Evan Duffield and Kyle Hagan. The project was originally called XCoin, changing its name to Darkcoin two weeks later before [rebranding](https://www.dash.org/forum/threads/official-statement-on-rebranding-to-dash.4297/) again to Dash in March 2015 in an effort to positively change its image. Before launching Dash, Duffield was a software developer with experience in finance, from his time working at Hawk Financial Group, as well as in public relations, having developed machine learning algorithms and search engines. He first [conceived of](https://www.dash.org/forum/threads/the-birth-of-darkcoin.162/) Dash in 2012 as a way to add more anonymity to Bitcoin — hence, originally calling it Darkcoin. Duffield has [claimed](https://www.youtube.com/watch?v=6Q0MiDNe6Wc) that he started it as a hobby, coding it in just one weekend. Duffield served as CEO of Dash Core Group — the company that supports the continued development, integrations and other activities of Dash — until December 2017 when he [stepped down](https://www.dash.org/forum/threads/dash-core-team-organization-announcement.14434/) to focus on other strategic initiatives. Hagan [co-authored](https://github.com/dashpay/docs/raw/master/binary/Dash%20Whitepaper%20-%20Darkcoin.pdf) the original Darkcoin whitepaper alongside Duffield. However, he [left](https://www.dash.org/forum/threads/kyle-hagan-is-no-longer-part-of-the-development-team.3225/) the project early on in December 2014.

What Is Dash (DASH)?

Dash is an open-source [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) and [cryptocurrency](https://coinmarketcap.com/alexandria/article/what-are-cryptocurrencies) focused on offering a fast, cheap global payments network that is decentralized in nature. According to the project's [white paper](https://coinmarketcap.com/alexandria/glossary/whitepaper), Dash [seeks](https://github.com/dashpay/dash/wiki/Whitepaper) to improve upon [Bitcoin](https://coinmarketcap.com/currencies/bitcoin) (BTC) by providing stronger [privacy](https://coinmarketcap.com/alexandria/article/what-are-privacy-coins) and faster transactions. Dash, whose name comes from "digital cash," was [launched](https://bitcointalk.org/index.php?topic=421615.0) in January 2014 as a fork of [Litecoin](https://coinmarketcap.com/currencies/litecoin/) (LTC). Since going live, Dash has grown to include features such as a two-tier network with incentivized nodes, including "masternodes," and decentralized project governance; InstantSend, which allows for instantly settled payments; ChainLocks, which makes the Dash blockchain instantly immutable; and PrivateSend, which offers additional optional privacy for transactions.

Where Can You Buy Amp (AMP)?

Amp (AMP) is currently available on [Binance](https://coinmarketcap.com/exchanges/binance/), [Coinbase Exchange](https://coinmarketcap.com/exchanges/coinbase-exchange/), [KuCoin](https://coinmarketcap.com/exchanges/kucoin/), [Uniswap](https://coinmarketcap.com/exchanges/uniswap-v2/), [Gemini](https://coinmarketcap.com/exchanges/gemini/), [SushiSwap](https://coinmarketcap.com/exchanges/sushiswap/), [Bittrex](https://coinmarketcap.com/exchanges/bittrex/), [Huobi](https://coinmarketcap.com/exchanges/huobi/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Crypto.com Exchange](https://coinmarketcap.com/exchanges/crypto-com-exchange/), [LBank](https://coinmarketcap.com/exchanges/lbank/), [Bitrue](https://coinmarketcap.com/exchanges/bitrue/), [WhiteBIT](https://coinmarketcap.com/exchanges/whitebit/), [XT.COM](https://coinmarketcap.com/exchanges/xt/) and more. Want to keep track of AMP prices live? Download the [CMC mobile app](https://coinmarketcap.com/mobile/). Expand your knowledge of crypto with [CMC Alexandria](https://coinmarketcap.com/alexandria).

How Is the Amp Network Secured?

AMP is built on Ethereum's blockchain, which is secured by a [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) (PoS) consensus mechanism. The Amp smart contracts have been audited by ConsenSys Diligence and Trail of Bits.

How Many Amp (AMP) Coins Are There in Circulation?

The AMP token is deployed on the Ethereum blockchain as an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token. It is also on [Solana (SOL)](https://coinmarketcap.com/currencies/solana/) and [NEAR Protocol (NEAR)](https://coinmarketcap.com/currencies/near-protocol/). At the time of writing, there are over 42B $AMP (42%) in circulation, out of a maximum supply of 99,444,125,026 coins. To reduce the risk of volatility, AMP’s supply is fixed and non-inflationary.

What Makes Amp (AMP) Unique?

The entire Amp ecosystem is open-source and decentralized, which helps the platform to decentralize risk to its users through [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract); and helps customers to integrate value transfer and assets. The Flexa network and the AMP token therefore act as insurance by protecting buyers and sellers from fraudulent activity and possible losses. Through Flexa, a seller (or merchant) pays a commission for accepting payments in crypto. If there’s a problem with a transfer, the network will reimburse any costs to the merchant. If a merchant doesn’t receive the required crypto assets, then the amount of AMP necessary to cover the losses is liquidated, while the staked AMP tokens act as collateral. The Flexa network, in conjunction with the AMP token, offers a unique and decentralized solution for crypto transactions, where investors can buy AMP, stake tokens, receive passive income, and merchants are able to accept almost instant and insured payments.

Who Are the Founders of Amp?

Amp's parent company is Flexa, a blockchain payments company based in New York that specializes in FinTech and builds a future with more efficient, secure and affordable real-world payments. Flexa was co-founded in 2018 by Trevor Filter, Zachary Kilgore and Tyler Spalding. Spalding, who serves as Flexa’s CEO, launched the Amp project with help from the Flexa team. He holds a bachelor's degree in Mechanical Engineering and a master's degree in Aerospace, Aeronautical and Astronautical Engineering from the University of Illinois at Urbana-Champaign. He attended Harvard Business School, and in 2011 graduated with an M.B.A from MIT. He has been investing and launching blockchain projects since 2011. Spalding is also the co-founder & CEO of Tastebud Technologies, and the former CTO of Raise.

What Is Amp (AMP)?

Amp is an open-source, decentralized protocol that provides collateral as a service. Amp is described as the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Using Amp, networks like [Flexa](https://coinmarketcap.com/currencies/flexacoin/) can quickly and irreversibly secure transactions for a wide variety of asset-related use cases. The project, which launched in 2020, aims to provide a fast, efficient, and secure transaction platform. It claims to solve a number of network problems, including slow confirmation times, price volatility and broad adoption. Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Collateral partitions can be designated to collateralize any account, application, or even transaction, and carry balances which are directly verifiable on the Ethereum blockchain. Collateral managers are smart contracts that can lock, release and redirect collateral in these partitions as needed in order to support value transfer activities. Amp supports a wide variety of use cases for collateralization, and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.

What Is Decred (DCR)?

Decred is Money Evolved. By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”. Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.

Where Can You Buy SushiSwap (SUSHI)?

SushiSwap (SUSHI) is a freely-tradable token, with the majority of volume on major exchanges occurring on [Binance](https://coinmarketcap.com/exchanges/binance/), [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/) and [OKEx](https://coinmarketcap.com/exchanges/okex/). Pairs against other cryptocurrencies and stablecoins are active, as well as with fiat, including on Bankman-Fried’s FTX exchange. New to cryptocurrency? Learn how to buy Bitcoin and other tokens [here](https://coinmarketcap.com/how-to-buy-bitcoin/).

How Is SushiSwap Network Secured?

SushiSwap attempts to mitigate the traditional risks of depositing funds in smart contracts by upping the governance powers of its users. The anonymity of its developers poses questions beyond a technical standpoint. In September 2020, for example, Chef Nomi was involved in a spat with users after withdrawing 38,000 in Ethereum (ETH) from SushiSwap. The funds were subsequently returned, with Chef Nomi publicly apologizing for doing so and calling the move a mistake.