Latest Posts with Ampleforth (AMPL) tag

Ampleforth (AMPL)

346 Articles 520 Followers

Ampleforth (AMPL) is a digital asset, intended to act as a synthetic commodity, similar to Bitcoin and gold. The project gets its name from a character in George Orwell’s novel, 1984.

Founded by Brandon Iles and Evan Kuo, Ampleforth was designed to overcome some of the shortcomings held by assets in the cryptocurrency market, namely their volatile nature. The network’s use of a price-supply equilibrium algorithm is unique, taking into account both supply and price to reach an equilibrium that changes a holder’s supply, but not the price of the token.

While this may suggest that Amples are stablecoins and remain stable in value, they are indeed not. Ampleforth’s whitepaper covers how new baselines in token prices are reached over a period of time. The essence of this idea is that the supply of Ampleforth tokens contract or expand according to demand. The team states that this applies countercyclical pressure and keeps the price stable for long runs.

However, Ampleforth’s resistance to volatility is only one of the positive outcomes from its technical architecture, which the team states will also support medium and long term uses of acting as reserve collateral in decentralized banks and act as an alternative to central bank money, in addition to the short term use as a synthetic commodity digital asset.

Many of the project’s team members are former employees of some of Silicon Valley’s biggest companies, including Google and Uber, and graduates from Yale and Berkeley.

Learn more about Ampleforth (AMPL) here, including news, price predictions, opinions and analyses created by users.


"3 reasons why Ethereum price is still on track to top $2,000" My response

8 hours ago 1 minute read 0 comments Sebbe_727

I was reading an article from Cointelegraph that was named "3 reasons why Ethereum price is still on track to top $2,000". This is my response.Ethereum is excellent technology, by all means, the CEO Vitalik Buterin has achieved an excellent trophy by...

4 Things on Ampleforth's Roadmap to Be Excited About

25 Jan 2021 4 minute read 13 comments kevW!ls0n

An entire ecosystem is being built on top of Ampleforth behind the curtains. Those who don't have time to pay close attention to the roadmap, playbook, and semi-announcements will surely find the upcoming developments beyond exciting.  The idea of th...

How many people visited Ampleforth in last 6 months?

24 Jan 2021 1 minute read 2 comments Suraz Bhattarai

The given below are the data related to Ampleforth for the past six months. The total visit to the website was around 82.69k with average duration of 4 minutes and 11 seconds.  Netherland is the biggest source of traffic with 12.53%. US at second wi...

Ampleforth Statistics

24 Jan 2021 1 minute read 1 comment Boltvitaps

The Ampleforth price today is $ 0.99644600 USD, which is down -0.06% in the last 24 hours. There has been an hourly increase of 0.24%. Ampleforth's market cap is currently at $ 196,699,000.00 USD, staying in a market cap range of 98th. There is an in...

Ampleforth Statistics

24 Jan 2021 1 minute read 0 comments Boltvitaps

The Ampleforth price today is $ 0.99644600 USD, which is down -0.06% in the last 24 hours. There has been an hourly increase of 0.24%. Ampleforth's market cap is currently at $ 196,699,000.00 USD, staying in a market cap range of 98th. There is an in...

LONELINESS versus SOLITUDE; dance as a practice of freedom

24 Jan 2021 9 minute read 5 comments (S)llew la Wulf

Loneliness... A word that has in so many ways a really bad rep... It is something, a state we, as a people, Westernised people I would add, fear, are ashamed of, feel pity for and spend a lot of time in our lives trying to ensure we do not have to re...

DANCING IN THE RAIN... Music, memory and reflections on the past

23 Jan 2021 9 minute read 0 comments (S)llew la Wulf

  I've been on a bit of a memory trip with music, and it has bought me back, way back all the way to the mid 90s... This song, Floot by Wagon Christ, from the album Throbbing Pouch, was a really pivotal moment song for me in so many ways... The whol...

Ampleforth not doing great as a stable coin

23 Jan 2021 1 minute read 1 comment JayC0730

Ampleforth is once again acting very unstable as a "stable coin." The price has fluctuated from $0.8689 to $0.9678. The price currently stands at $0.9248. Now let's look at the biggest stable coin in Tether. A price range from $0.9993 to $1.00 in the...

AFX, Melancholia, beauty and the beast; I CARE BECAUSE YOU DO

22 Jan 2021 2 minute read 1 comment (S)llew la Wulf

  Richard D James has always had a piece of my heart... Some human beings are just magicians and whatever they put their hands to becomes something beyond what mere mortals are not only capable of generally creating, but often fully understanding......

Reading to coffee #7

22 Jan 2021 1 minute read 2 comments andrej

Welcome to the seventh episode of reading to coffee. Today topic is: SPACE   1. Neutron stars can spin more than 600 times per second. 2. A teaspoon of neutron star material would weigh about 10 million tons.  A neutron star has a mass of about 1.4...