Earlier this year, we described a vision and potential model for crypto projects to harness the power of Flashstaking through a concept called an Upfront Flashstaking Offering — UFO for short. Details in the video below.
The idea was pretty simple.
Instead of a person having to swap their hard-earned crypto to get their hands on an up-and-coming project, they could instead Flashstake for these tokens.
When a user Flashstakes, they are locking up (staking) $FLASH for a pre-determined amount of time, and immediately, the user is returned instant upfront yield to their wallet in the native token they want to support.
As of today, Amp is launching crypto’s first-ever UFO enabling anyone to flashstake for any amount of time and immediately earn $AMP. At the end of their stake, the user gets back the full amount of $FLASH they originally staked.
The APY at the time of writing this is 36%
- John Flashstakes 21,000 $FLASH for 195 Days
- John immediately receives 29,620 $AMP tokens
- At the end of 195 days, John can remove his full 21,000 FLASH
- Net: ( 21,000 $FLASH ) * ( 195 Days ) = 29,620 $AMP + 21,000 FLASH
Note: John can unstake early but will need to burn FLASH in the process.
What is Amp?
Amp is the new digital collateral token that offers instant, verifiable collateralization for any kind of value transfer. According to their website:
“As collateral, Amp insures the value of any transfer while it remains unconfirmed so that any actions dependent on the transfer can proceed without delay. By using Amp as collateral, individuals and entities benefit from the security and efficiency of collateral which is transparently attestable on an immutable ledger.
Amp is asset-agnostic. The full suite of Amp functionality is universally compatible with any form of value transfer — whether digital or physical — and can be used to facilitate instant, irreversible transactions for any kind of asset.”
Projects like Flexa use Amp to secure transactions and build networks that accrue value both securely and transparently. At this time, there is currently over$1.5 billion of spending capacity on the Flexa network.
What does this mean for the Amp project?
While launching this UFO is a great way for $FLASH stakers to get their hands on some $AMP, this UFO also adds value back to the Amp project in other ways:
- $AMP to be listed as default token on Flashstaking Dapp
- Amp liquidity providers will retain 100% of LP fees accumulated during the UFO
- This announcement will be shared across all Blockzero Labs + Flashstake media outlets (social, SMS, email) to over 8,000 Blockzero Citizens
What is $FLASH?
How to Launch Your Own UFO?
If you would like to do what Amp is doing here and launch your own Upfront Flashstake Offering:
- Add your token by creating a pool in the Flashstake Dapp
- Upload more than $20,000 worth of liquidity
- Submit a post with a link to your project at https://home.blockzerolabs.io/
Not all applicants are approved. You must first be accepted by the Blockzero Citizens + Council.
- Website: https://amptoken.org/
- Twitter: https://twitter.com/amptoken
- Discord: https://discord.com/invite/T4EY6yx
- Website: https://flashstake.io/
- Twitter: https://twitter.com/flashstake
- Telegram: https://t.me/flashstake