Amplify Protocol (AMPT)

IEO

Last updated: Mar 21, 2022

Amplify Protocol is a decentralized financing application that enables borrowing against collateralized assets. It is designed to allow algorithmic lending and borrowing pools to serve supply chain financing through tokenized accounts receivable. These pools allow users to borrow and lend crypto-assets featuring complex mechanisms to equilibrate the loan market.

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Overview

Project industry	Finance Services & Banking
Product type	DeFi
Whitepaper	Open

What is Amplify Protocol

Borrowers and Lenders - the two main users of this decentralised finance protocol - are presented with all needed technical information: the most important functions and the methodologies for achieving desired liquidity. A unique contribution of the Amplify Protocol development team is the proposal of a novel Interest Rate Model, which is presented in detail, providing foundational mathematical apparatus and control logic of the model. Finally, $AMPT token topics are covered with special attention to the Governance of the protocol.

Details

IEO (BitMart Launchpad): Mar 19, 2022 - Mar 23, 2022
Token supply: 100,000,000 AMPT

Legal

Blockchain Platform: Ethereum

Token info

Ticker: AMPT
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 AMPT = 0.5 USD
Token distribution:
Team and Advisors - 20%
Contributor Mining - 25%
Treasury - 20%
Ecosystem Reserve - 5%
Liquidity Mining - 30%