Offer a replacement for assets erroneously sent to token contract addresses

Since inception, a total of 1,216,871 FXC (the predecessor to AMP) and 2,300,637 AMP have been erroneously sent to the Amp token contract (0xfF20…95c2) and the Flexacoin contract (0x4a57…ebde). This is resulting from the FXC-AMP token migration, and staking attempts on the Flexa network.

All of these tokens are permanently unrecoverable: the admin keys to the Flexacoin contract were burned to a “keyless single use" address in November 2020, and the Amp contract does not have admin functionality to interact with these assets.

This proposal is for community vote on whether a one-time Amp replacement for the unrecoverable assets should be offered. If approved, Flexa will purchase 3,517,508 AMP on the open market and allow affected addresses to claim new tokens. This one-time act by Flexa is intended to support the early adopters and users of the network.

In order to ensure that tokens are sent to active addresses, users will need to prove ownership of their affected address via a gasless signature. The Amp team has verified a list of the 36 eligible addresses that have erroneously sent AMP/FXC.

Please note, this proposal and the use of funds is unrelated to the Amp Community Grant Program passed in the previous proposal. Flexa will voluntarily buy Amp from the open market using its own funds. Amp will not be issued from any treasury or development funds.

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Please see the full discussion of this proposal on the Amp Community Forum: https://forum.amptoken.org/t/offer-a-replacement-for-assets-erroneously-sent-to-token-contract-addresses/207