AMPX is the Amplify token and is a new token that was created to be used as a utility for Amplify's products. By offering AMPX, the token will become the fuel that runs the Amplify exchange, giving access and compensation for work performed with the network. AMPX will be used as a utility in two major phases.
Currently, in the first phase, AMPX's main utility is to reduce fees on Amplify Brokerage and the Amplify Distributed Exchange. If you have AMPX and use it to pay for fees, you receive a 50% discount for any transaction, listing, or withdrawal fees.
AMPX is an ERC-20 token, but as we establish AMPX's value as a utility through the exchange, we are also developing our next project. During our second development phase, we will facilitate a token swap from the ERC-20 token to tokens running on our Amplify Proof-of-Stake (PoS) Mainnet. AMPX will then be available to earn thru our PoS model by supporting nodes and validating transactions on the blockchain. If you would like to know more, there are further details about our next phase in our whitepaper.
You can also earn 500 AMPX now by pre-registering, and earn more through our referral program. To learn more about how you can earn free AMPX tokens, click this link.