Ampl contest 

What is Ampleforth, the new stablecoin that calls itself "a protocol based on digital assets for a Smart Commodity Money"?
Ampleforth receives information on the exchange rate, coming from reliable oracles and disseminates it to the holders of the token (AMPL) by proportionally increasing or decreasing the number of those held by each single address.
This way AMPL might look like a stablecoin, but it isn't. In fact, the goal is to maintain an equilibrium price, but without completely removing volatility.
The value of AMPL tokens is in fact volatile, so much so that it is not a risk-free asset and users can gain or lose with trading.
Even as a currency for AMPL payments it is more similar to bitcoin or zcash, rather than a stablecoin, since both the price and the offer could be volatile already at the time of launch.
AMPL instead is a new type of digital asset, which will move in a different way, unrelated to the main cryptocurrencies currently in circulation. It is designed to be used as a monetary base, a form of collateral to be used as part of a centralized or decentralized banking system, similar to how gold was used before the decline of the Bretton Woods Accords.
In particular, for example, when traders are bullish it is likely that there will be positive action on prices that pushes forward until resistance is met. And when traders are bearish, there will likely be negative price action that will activate until a support level is reached.
For traders, these changes in the exchange rate and quantity translate into changes in the market capitalization of AMPL. Traders with short time horizons, especially those using automated or algorithmic approaches, will therefore need to devise new strategies for trading AMPL.
In this way, the behavior of traders in response to the protocol incentives should produce a pattern of price movement with a lower correlation to bitcoin than other cryptocurrencies do.
This makes AMPL suitable for some uses, different depending on the investment time horizon. For short-term investments it can be used to diversify crypto portfolios.
In the medium term it can be used as collateral for collateral in decentralized banks such as Maker DAO.
In the long term, however, it could become an alternative to money issued by central banks, such as bitcoin but "macroeconomically friendly", or more suitable for the current global monetary system.
The whitepaper also reads that synthetic commodities such as bitcoin have so far shown a low correlation with stocks, currencies and precious metals, but are highly correlated with each other and with bitcoin itself. Ampleforth is therefore a new synthetic commodity with a volatility distinct from other existing synthetic commodities.
In the redbook instead there are two courses, one dedicated to trading and one to economic implications.
The dashboard of the official website shows the data, updated in real time, regarding the exchange rate coming from the oracles, the equilibrium price, the circulating supply, the total supply and the market cap, in order to monitor the functioning of the protocol .
It is now possible to trade AMPL tokens au Bitfinex and Ethfinex.