What is Amplify?
Amplify Exchange is a concept that was borne out of the original Substratum product suite. Three separate products that stand on their own as functional powerhouses within their own sphere of influence but when combined become a symbiotic software suite that solve the basic needs of each of our digital lives. The ability to Connect, Earn, and Spend. These three basic needs that we all have in our digital lives are disrupted by digital borders raised by companies and corporations across the world today. Utilizing a blend of blockchain & other best in breed technologies the combined team of Substratum & Amplify will deliver each of these basic needs back to the digital citizens of the world.
CONNECT: The history of the blockchain and cryptocurrency space is a short one but Substratum has already proven itself a leader in the space. Setting out in July 2017 with a goal of decentralizing the foundation of the internet with our core product SubstratumNode we have continued to lead in this space and are currently on our 4th public beta version of SubstratumNode which introduced true decentralization and we are on pace to deliver our very first production version of SubstratumNode very soon. SubstratumNode opens the web back up to be one single whole hybrid web, a blend between centralized hosted sites and decentralized hosted sites this product ensures that all people everywhere have access to the same information, the same access to connect with the rest of the world and engage.
SPEND: In 2017 we revealed part of our larger vision when we announced CryptoPay. The first application to be built in concert with the core SubstratumNode product takes the next step in the equation and allows people to Spend their digital assets. CryptoPay is a digital crypto payment gateway to allow online vendors to be paid in the currency of their choosing while allowing online shoppers to pay with the currency of their choosing. Crypto to crypto transactions would only be part of the solution needed to deliver a truly game changing product to the world in the form of CryptoPay and our focus groups overwhelmingly confirmed that thought. To cut down on the volatility which may be advantageous to traders but prove to be too speculative for vendors CryptoPay would need to offer an immediate crypto to fiat resolution method that has not existed until now and since there are no third-party tools that enable programmatic crypto to fiat resolution the time for the third product in the product suite had arrived.
EARN & GROW: The third main need that people have in their digital lives is a way to see their financial portfolio grow. Cryptocurrency has offered a new and exciting asset class for today’s traders and indeed provided a glimpse into the future of money; however, there are many shortcomings with cryptocurrency exchanges today.