![]() Crypto exchanges would have to list the token, named differently by each Reddit subgroup. Much still needs to be done for that to happen, though. The token-dubbed Community Points-could be used for purchases of goods, content and subscriptions on the site, and beyond. One “possibility is the plan is to introduce the currency and get people used to it, and then gradually build it into a valuable general exchange currency,” says Aaron Brown, a crypto investor who writes for Bloomberg Prophets. Facebook, which created a coalition of organizations to develop a token for use on the social network, is pressing ahead, but its Libra coins may not see the light of day for months. Following clashes with regulators and courts, Telegram scrapped plans to issue a token for use on its network. In jumping into crypto, Reddit, which has more than 430 million monthly active users, is seeking to pull ahead of Facebook and Telegram Messenger. Reddit’s effort is different from in-game cash or rewards for video gamers that are now available, in that the site is creating an actual cryptocurrency running on the Ethereum network. The currency can be used to buy exclusive badges, to use animated emojis and to reply to Reddit comments using gifs. Through the summer, users of two Reddit subgroups familiar with digital coins, including the 1 million-member r/CryptoCurrency, will be able to earn tokens for things like posting a comment. Gemini ( read review) and Coinbase ( read review) are two popular exchanges where you can easily buy AMP.ĪMP is deemed less risky because payments using AMP are guaranteed in real-time, and the proceeds made from merchant fees get used to buy AMP tokens automatically with each purchase.Reddit, the often controversial website and discussion platform that is a favorite of many cryptocurrency enthusiasts, is launching its own digital token. Take a look at our list of the best crypto exchanges to see which ones sell AMP. ![]() How many AMP coins are there?Īt the time of writing this article, there were over 42 billion AMP coins, with a market cap of $92.21 billion. Never invest without doing your research first, or invest money you cannot afford to lose. No matter where they come from, forecasts do not always provide the same results as doing your own research will. However, predictions have been wrong in the past, and they will be wrong again. Based on recent price predictions from reputable sources such as Digital Coin Price and Wallet Investor, don't expect the AMP price to hit $1 any time soon. ![]() Short-term market speculation would suggest that AMP will experience a downturn in the coming months, but that doesn't mean that it won't have a resurgence in the future. Does AMP crypto have a future?Īs with all cryptocurrencies, this is a tricky question to answer. However, if you are more risk-averse, then AMP might not be the right investment for you, as it is a high-risk investment.īefore making any investment, be sure to seek out investment advice from a professional. If maximizing your returns is your priority, and you are willing to risk substantial losses to make potentially significant gains, then AMP could be an excellent option for your portfolio. Frequently Asked Questions Is AMP crypto a good investment? ![]() 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.Īs always, before any investment, make sure you speak to a professional and only invest money that you can afford to lose, as every investment carries risk. 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. It was created to significantly lower the risk of a payment transaction. The AMP coin differs from other cryptocurrency coins in many ways.
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