Amplify
ICO FAQs

General Questions

Amplify is the first cryptocurrency exchange of its kind and offers tools for everyone, from the cryptocurrency novice to the seasoned professional. Our team will take a two-pronged approach for enhancing the user experience. The first approach will be targeted towards the inexperienced token holder. This environment will offer basic portfolio management tools, graphs, as well as a comfortable interface to transact both in crypto and fiat. The second approach aims to service more experienced market participants via our exchange interface. For those who are looking to actively trade the markets, this environment is ideal. Here, Amplify will provide institutional grade trading tools, API’s, portfolio management evaluations, and much more.

The AMPX token is an ERC20 compatible token and is the fuel for the Amplify Exchange ecosystem. AMPX serves as a utility token and enables its owners to pay lower trading fees. The token is also used to convert fractional cryptocurrency value, which is commonly referred to as “Crypto Dust”, into AMPX. This solves the problem of cryptocurrency value that’s lower than the minimum trading, transfer, or withdrawal limit that usually sits idle in user wallets. Even more, upon the completion of the “Phase Two” development phase, AMPX will transition to a Proof-of-Stake consensus mechanism, where participants of the Substratum Network can choose to earn AMPX tokens when running their nodes.

Amplify exchange is hosting an ICO not only for crowdsourcing funds for research and development, but also to reduce go-to-market time. ICO’s are great for marketing early stage products because it significantly increases early adoption and helps with user acquisition. As seen with most ICO’s, the community often become marketers for the firm, which increase awareness and the likelihood of success.

Amplify is a cryptocurrency exchange. CryptoPay is an application that allows people to pay for goods and services with any cryptocurrency accepted by a merchant. Merchants can choose to get paid in their preferred cryptocurrency or fiat currency. One of Amplify's strengths is that it allows the consumer’s profile to be served up where needed. CryptoPay takes advantage of this as one of the first Amplify clients for the portfolio API and set of services.

A CryptoPay user will establish a new Amplify portfolio during CryptoPay registration that will enable them to not only buy goods and services using any of their cryptocurrencies but also buy cryptocurrency directly to add to their CryptoPay account. This is just another step revolutionizing the way people manage or interact with their portfolio. Once setup, this is a completely seamless process. Tokens and Coins that are available on Amplify are automatically available for goods and services purchase through CryptoPay.

SubstratumNode allows users all over the world to have full access to the Internet regardless of censorship in the form of digital borders placed by governments and corporations. Amplify will utilize the Substratum Network for unobstructed decentralization of exchange transactions. Amplify will also be the chosen exchange for monetizing the Substratum Network. With SubstratumNode configured to perform routing and consensus work for the Amplify Exchange a SubstratumNode user can choose to earn AMPX alongside of SUB.

Two Approaches:

Today there are two main technological approaches to how cryptocurrency exchanges are handled: handled: Distributed and Decentralized.

Distributed Exchanges make up the majority of the space and their approach is a single access point web-site through a URL within your browser.  All funds are deposited into a wallet or small series of wallets which are fully owned and controlled by the cryptocurrency exchange. Similar to the way your banking account makes up a small part of what is held within that bank your cryptocurrency trading account makes up a small amount of what is held on that exchange.  The record of what piece of the larger wallet you have ownership of is held most likely within some form of relational database which interacts with the web-site upon your login.

The benefits of this approach are the reduction of transaction fees since only deposits and withdrawals occur “on chain” when you execute a trade no coins or tokens physically move from one wallet to another so the process is also fast; however, this single access point approach is subject to having access blocked by governments or corporations and also very subject to attack resulting in loss of access or worse loss of funds.  In 2018 almost 200 exchanges were blocked by the Chinese government and $731M worth of digital assets were stolen from exchanges in 2018 also. [ 1]

Decentralized Exchanges are the alternative approach and offer a wider area of availability because they operate in a decentralized manner through a series of nodes. In this approach all transactions occur “on chain” so deposits, withdrawals, and even trades are subject to long wait times due to the confirmations needed to successfully complete a transaction and much higher transaction fees as each and every transaction is subject to gas and transaction fees.

Amplify Exchange is developing a new best in breed solution utilizing a proprietary blockchain solution which we call the Amplify Bridgechain. The bridgechain bridges the divide between distributed and decentralized exchanges by bringing the best of both approaches into a single hybrid approach.  The Amplify Bridgechain will serve as a blockchain based digital ledger that will mirror everything that happens within Amplify Distributed to allow decentralized clients to have access to the same trade volume, transact in a fast, secure and cost-effective way and still have access anywhere on the planet.

Additional Opportunities

At this point in time Crypto exchanges are very “unfriendly” to those who are new to crypto trading. This has created a barrier to entry for millions of people who otherwise would like to be involved in the crypto “wave” that is sweeping the globe. The problem has been that the existing exchanges have been designed from the ground up specifically to crypto enthusiasts. Amplify is being designed to make it easy to open an account right from your bank account or alternative payment method and have direct access to a multitude of digital assets. Once combined with education, portfolio management tools, and technical analysis studies designed for token holders of all experience levels, our solution is welcoming for both retail and institutional participants.

Traditional trading platforms, such as TD Ameritrade or E*Trade, have set a minimum standard for portfolio management functionalities that current cryptocurrency exchanges do not offer. Amplify intends to offer trading alerts, conditional order types, position management tools, user risk profiles, interactive charts, and a trading education section as well as many others. Additionally, we intend to offer advanced trading tools, such as scripting interfaces for savvy token holders to custom code their own indicator and analysis tools.


Amplify Exchange will be the single exchange where one can open an account funded directly from their bank account or alternative funding method and immediately have access to both the major tokens as well as vetted altcoin offerings. Once in the exchange, a user will have access to a large suite of tools from the most basic portfolio management tools to user education to highly sophisticated trading tools within one platform. All in a comfortable environment. All extremely easy to use and execute. This will simply set a new standard for the Crypto Exchange.

Prior to the ICO, Amplify has contracted and integrated various third party’s to assist with our KYC and AML compliance, as well as built a hefty portion of the backend functionalities needed for our initial product. Our team has completed the majority of all design screens, have working signup and login processes, as well as mapped out workflows for the flow of funds. This gives us a huge advantage in our go-to-market strategy as we already have “Phase 1”of the product well underway. Even more, our “Phase 2” development is already largely built, as Substratum currently has thousands of beta testers and the infrastructure needed for a decentralized internet.

AMPX will be available to trade after “Phase 2” of the product development. Our team is working with market makers to support buy and sell functionalities within our platform during Phase 1, but we cannot guarantee the trading of AMPX until the completion of Phase 2. That said, token holders of AMPX will still benefit from reduced fees on the Amplify Exchange platform prior to the release of Phase 2.

More info coming soon.

ICO Specific Questions

Start Date End Date Max Token Sale Supply Available Token Amount
Private Sale 10/1/18 11/15/18 TBD 740mm Tokens will be issued on a predetermined contractual amount
Pre-sale 11/16/18 End of Pre-Sale Cap 100mm  tokens sold rolls to next level $0.10 USD Worth of ETH / BTC at time of transaction.
ICO Phase I End of Pre-Sale Cap End of ICO Phase I Cap 100mm tokens sold rolls to final level $0.13 USD Worth of ETH / BTC at time of transaction.
ICO Phase II End of ICO Phase I Cap 1/15/19 $0.15 USD worth of ETH / BTC at time of transaction

A maximum of 1.2 billion tokens will be issued upon the Token Generation Event. This includes 200 million tokens to be given away to the substratum community via an airdrop.

Soft Cap: Our soft cap of $3MIL USD has already been met within the early days of our private sale.

Hard Cap: Our hard cap will be reached when all 740mm tokens are sold also taking into account referral bonuses which are paid out of this pool.

A total of $5,000,000 was raised in private sale.

Coinbase and similar exchanges cannot hold ERC20 tokens so participants must provide an ERC20 compatible wallet to receive tokens upon the Token Generation Event. In order to participate in our Token Generation Event, you will need to transfer your Ether to a compatible wallet before contributing in our token sale. Examples include hardware wallets like the Ledger Nano S, or wallets like MyEtherWallet or MetaMask. These are just three examples. We strongly recommend every participant to read up on the possibilities. Marketplaces like Tokenmarket or The Merkle keep lists of compatible ERC20 wallets.

Participants of our ICO need to go through a short KYC and AML process integrated within our platform. The ICO only accepts contributions from whitelisted addresses. All other contributions are rejected.

More info coming soon.

As stated in the “How to Contribute ETH or BTC that’s currently held on another exchange”: In order to participate in our Token Generation Event, you will need to transfer your Ether to a compatible wallet before contributing in our token sale. Examples include hardware wallets like the Ledger Nano S, or wallets like MyEtherWallet or MetaMask. These are just three examples. We strongly recommend every participant to read up on the possibilities. Marketplaces like Tokenmarket or The Merkle keep lists of compatible ERC20 wallets.

Start Date End Date Max Token Sale Supply Available Token Amount
Private Sale 10/1/18 11/15/18 TBD 740mm Tokens will be issued on a predetermined contractual amount
Pre-sale 11/16/18 End of Pre-Sale Cap 100mm  tokens sold rolls to next level $0.10 USD Worth of ETH / BTC at time of transaction.
ICO Phase I End of Pre-Sale Cap End of ICO Phase I Cap 100mm tokens sold rolls to final level $0.13 USD Worth of ETH / BTC at time of transaction.
ICO Phase II End of ICO Phase I Cap 1/15/19 $0.15 USD worth of ETH / BTC at time of transaction

As you can see, contributors during the Pre-sale and ICO Phase 1 are able to receive a 33% and 13% discount to the $.15 ICO price in Phase 2.

To calculate how many tokens you will receive:

(USD Amount of BTC or ETH) = Number of Tokens (Token Price {.10 or .13 or .15})

No, the maximum total supply available is 1.2 billion AMPX.

A portion of the unsold tokens will burned and the remaining portion will be held as reserve funds for the company to use based on milestones.

More info coming soon.

Yes, There are two phases of compliance and security. Token purchaser's information will not be used in any way outside of the legal acquisition of digital assets. KYC will be necessary once funds are deposited into the crowdsale wallet. Token purchasers will be notified to provide the necessary verification information prior to distribution of the tokens. Anti Money Laundering (AML) checks are required if the purchaser provides more than $15,000 USD worth of cryptocurrency. Your information will be securely checked against the required AML checklists.

Required information < $15,000USD contribution:
First Name, Last Name, Country of Residence, Birthdate

Required information> $15,000USD contribution:
First Name, Last Name, Country of Residence, Birthdate, Government Issued ID, Verification of Address (ex: Utility Bill)

More info coming soon.

More info coming soon.