Ampleforth - When Supply Meets Demand
Ampleforth AMPL

Ampleforth - When Supply Meets Demand


Cryptocurrencies are extremely volatile. Ampleforth aims to take the volatility out of it. You can think of Ampleforth as a fluid economic system where the focus is on keeping the user’s spending power stable. Let me show you how you can benefit from this innovative altcoin.

What Is Ampleforth?

Like precious metals, today's cryptocurrencies have a fixed supply. This fixed supply makes them vulnerable to sudden shocks in demand. For this reason, these cryptocurrencies can not be used to denominate complex smart contracts. As a result, high sophisticated economies cannot be built upon them. Ampleforth takes a different approach. Ampleforth's supply is not fixed, it fluctuates.  

"AMPL combines the best of Bitcoin and stablecoins. It is a new decentralized primitive."

AMPL is non-dilutive. This means that supply adjustments are applied universally and proportionally across every wallet`s balance. This may sound scary to some of you but it`s absolutely not because, in this way, your percent ownership of the network always remains fixed. If you own one percent of the total token supply then it will always remain one percent of the total token supply unless you actively transfer your AMPL.

The AMPL protocol automatically adjusts supply in response to demand. When the price is high, wallet balances will increase and when the price is low, wallet balances will decrease accordingly. This adjustment happens daily, universally, and proportionally across every wallet’s balance.

Now you are probably asking yourself why do they do this? Well, they simply do this to protect AMPL against deflation and price volatility. 

So what are the benefits of this innovative approach?

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A synthetic commodity-money, like Bitcoin, but with near perfect supply elasticity, like fiat.

AMPL is elastic like central-bank fiat that is adaptable to shocks but Ampleforth is not a stable coin. So AMPL can be used to diversify cryptocurrency portfolios with high volatility. AMPL is absolutely uncorrelated to Bitcoin, unlike other altcoins. 

More important than this is Ampleforth`s use case in the world of decentralized finance. Instead of a stable coin, AMPL can be used as reserve collateral in decentralized finance applications.

What Is The Ampleforth Gyser?

On June 23th Ampleforth made headlines with its new liquidity incentive program. 

The Ampleforth Geyser can be described as a smart faucet that incentivizes on-chain liquidity. Users receive AMPL for providing liquidity on Uniswap. You can think of the Ampleforth Geyser as a kind of staking where you can receive a continuous drop of AMPL. The whole process of providing liquidity is happening on-chain and it is non-custodial.

If you are thinking of providing liquidity to the Ampleforth Network with its Geyser, I recommend reading the post "How to Provide Liquidity for Ampleforth at Uniswap & Leverage Geyser Program".

In this tutorial, the author Chenhuang_defi will show you exactly and in detail how to create a Pool at Uniswap for Ampleforth and later on how to earn extra AMPL with the Ampleforth Geyser.

Ampleforth Token (AMPL)

Ampleforth (AMPL) is an ERC20 token built on the Ethereum Blockchain.

Ampleforth`s price today is $1.78 and it is currently located on market cap rank #166. AMPL has a circulating supply of 9.6 Million coins and a max supply of 21.4 Million coins.

KuCoin is the current most active market trading AMPL. You can also buy and sell your AMPL on Bitfinex and Uniswap. It is also possible to trade AMPL on DeversiFi, a non-custodial exchange platform, based on the 0x protocol. 

Since AMPL is an ERC20 token, it is supported by all cryptocurrency wallets that support ERC20 tokens. I personally would recommend Atomic Wallet to store your AMPL.

Final Thoughts

Ampleforth is genuinely a pretty unique project that serves the financial markets. The list of Apleforth`s investors is also quite impressive. Some big names have already invested in Ampleforth like True Ventures, Huobi Capital, and Coinbase CEO Brian Armstrong.

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If you want to have an instant moonshot after your investment, then this project is probably not for you because of its elasticity. 

But if you like to receive continuous drips of crypto then Ampleforth and its geyser is the right project for you. Also if you are looking for ways of diversifying your portfolio, AMPL is the right choice for you.

This project definitely has its strengths in the world of DeFi where it can be used as reserve collateral.

In the end, I also like to mention that nothing here in my post is sponsored. It really reflects my own opinion. Nevertheless, please keep in mind that my intention in this post is to raise your awareness of this innovative project and my intention is not to replace your own research. Always #DYOR. 👌

I hope I could provide you with some interesting and useful information about Ampleforth.

Thank you guys for reading, liking, following, and tipping 👍

If you like, you can also follow me on Twitter.

You may also like: KAVA Is About To Break Open The World Of Multi-Chain Decentralized Finance


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