Latest Posts with Ampleforth (AMPL) tag

Ampleforth (AMPL)

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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.


Ampleforth AMA from 10th September - Summary

10 Sep 2020 3 minute read 55 comments Ampleforth

Ampleforth runs a Bi-Weekly “office hours” session (AMA) on Discord in which we try to answer any questions put forward by AMPL holders. Today, office hours were held by Brandon Iles, founder of Ampleforth, alongside Simon Manka, Head of Growth. If y...

7 Projects That Are Building the Infrastructure for Emerging DeFi

6 Jul 2020 6 minute read 7 comments Brawnd0

The Ethereum project has positioned itself as the hotbed for the decentralized finance services. Defi, as these services are commonly called, has become a cornerstone of the cryptocurrency market. The primary application of the many protocols that fo...

What DeFi Token is Coinbase Going to List Next?

15 Sep 2020 6 minute read 12 comments Chenhuang_defi

Everybody reading this should know about Coinbase - one of the largest cryptocurrency exchanges in the world. We all know precisely what happens to tokens that are fortunate enough to be listed on Coinbase - they EXPLODE. We have a term for this in t...

Google OFFICIALLY enters the Crypto world

19 Oct 2020 4 minute read 24 comments Roberto D.

According to a recent news report, Google Cloud has submitted its application to join the EOS community and become a member of the Block.one network. On 6 October, Blockchain.News announced that Google Cloud is preparing to officially become part of...

6 DeFi Projects with Interesting (Token) Economics

5 Jun 2020 11 minute read 11 comments D3F1

DeFi (Decentralised Finance) is the hottest thing in crypto right now in 2020 and unlike the ICO bubble that lasted less than a year in 2017, it doesn’t look like the DeFi train is stopping anytime soon. This time it’s for real. (source) The chart a...

State of the Network, August 4th, 2020

5 Aug 2020 3 minute read 7 comments Ampleforth

The Ampleforth community has come a long way since the protocol launched over a year ago. As such, it feels it is the right time to review the state of the network on its continued progress towards decentralization. The incredibly passionate and acti...

Is DeFi Gold Rush Just Getting Started or Are We at the Peak?

23 Jul 2020 7 minute read 10 comments CryptoChartWizard91

Since Compound Finance distributed its governance token $COMP earlier in July, DeFi has grown to become the hottest sector within the entire cryptocurrency industry. In fact, there are now 10 DeFi projects that have already entered into the top 50 ra...

Ampleforth - New Wave

30 Aug 2020 6 minute read 25 comments Mynima

Introduction The Ampleforth token seems to have a real love/hate relationship with the general/crypto public. Being a highly experimental concept (token elasticity) you only have to scroll through the comments in Reddit for a couple of minutes to see...

Stablecoin alternatives to USDT - What are They & Should You Use Them?

19 Jun 2020 6 minute read 11 comments D3F1

Cryptocurrencies are extremely volatile, there’s no question about that.  Price swings of 10% or more in a day are not uncommon and this extreme volatility can provide traders with lucrative opportunities.  However, cashing out crypto to fiat only to...

Independent Currency in a Multi-Chain World

20 Aug 2020 4 minute read 1 comment Ampleforth

Originally posted Feb 4th, 2019 Ethereum, EOS, STEEM, ONT, NEO, NAS, Cardano, Tezos, POA, Dfinity, ThunderCore, Solana, RChain, Oasis Labs, Zilliqa, VeChain… there are enough Layer-1 blockchain projects released, or nearing release, that it’s hard fo...