As first reported by Daily Hodl, AMP is a collateral-as-a-service token that is designed to power instant, secure transactions.
Amp tokens used as collateral are generally released when consensus for a particular transfer is achieved, making them available to collateralize another transfer.
Its price surged over the last few weeks for a number of factors, including being listed on the Coinbase exchange.
DISCLAIMERThe views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice.