or is it flexa networks?
Amp is a token so I don’t think it holds the patents
AMP is a fully open source token. Flexa holds the patents, regulatory approvals, trademarks, and intellectual properties for their company/brand. Ampera is a non-profit foundation, and Anvil protocol is their first product (currently in private testnet with partners integrating)
Thanks for clarity. So ANVL is not a governance token as initially presented
Can you explain some more? What do you mean?
ANVL is definitely a governance token, it hasn't launched yet and won't be for sale by the Foundation. But third parties will be able to do what they want with it, like create LP, add to Dexes, and or Cexes. AMP will no longer be used for governance, but is still used for its initial Flexa payment collateralization integration
Entire thing is a cluster F. SEC screwed the project with the bs Coinbase ruling implying AMP is a security, which no doubt screwed over momentum Tyler had with retailers for payments and integrations with non-crypto apps and wallets. Anvil is smart as it will take advantage of the tech, focus on the crypto ecosystem first, without the overhang of SEC impeding progress. If entire thing feels like a science project it’s because they are obviously looking for the right path towards success, threading the regulatory needle. Still a low liquidity token with a bunch locked in tvl. Will pamp, but opportunity cost from investment standpoint sucks. Selling now would be dumb, however, imo. Some more transparency and communication from Tyler and team would be appreciated, but also understand how delicate this can be given regulatory attacks on crypto on US.
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