What problem does this service solve?

The Amp Token is designed to enable more scalable collateralization options in the DeFi space.EOS.io is a decentralized platform designed to allow build DApps easily, without servers. It is meant to be more scalable than other blockchain platforms and it can support more transactions per second, with far lower transaction fees. It was created by Dan Larimer, who is an extremely talented and influential developer that was also involved with BitShares and Steemit.

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Company Description

The Amp token is a digital collateral token that is specifically designed to enable the decentralized collateralization of digital asset transactions. It evolved from what was previously known as the Flexacoin network, and is meant to allow the token to better facilitate recent innovations related to borrowing and lending in the DeFi space. The Amp token's supply was created by burning the existing supply of Flexacoins, which were exchanged for the new token at a rate of 1:1. Amp will improve upon Flexacoin’s collateralization features with a new architecture that will allow for the implementation of additional on-chain supply operations and more collateral-related DeFi options.

EOS is a blockchain development platform created by Block.one. Its goal is to become an all purpose operating system for blokchain applications. EOS allows developers to make underlying blockchains and create decentralized application more easily. It was designed from the ground up, to be more scalable and faster than other blockchain platforms. This allows for greater throughput, with more transactions per second, and much lower transaction fees. EOS tokens serve as the native currency. The network has a Delegated Proof-of-Stake (dPoS) consensus mechanism. Transactions are verified by 21 block producers that are chosen through a voting process that is designed to encourage community participation.

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