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.

Guess #AMPL Rebase Competition - Round 3: $200 in $AMPL Rewards!

19 Jan 2021 1 minute read 46 comments Igor Tomić

UPDATE: January 24th 2021: We have our winners! AMPL had a negative rebase of -0.8726 on the 22nd at 2AM UTC. Here are the users who got the closes guesses!   After Round 1, and then Round 2, now it's time for Round 3 of Guess that AMPL Rebase!  ...

#Publish0xWinterMeme Twitter Meme Creation Contest - $200 in $AMPL Prizes!

30 Dec 2020 1 minute read 54 comments Igor Tomić

Woohoo, another Twitter Meme Contest is starting! This is a quick and short contest to celebrate the coming of the New Year 2021. ;)   #Publish0xWinterMeme Twitter Contest - $200 in AMPL Prizes!   Topic: The contest is super simple - create a winter...

AMPL on Aave is a Win-Win for (Almost) Everyone

4 Jan 2021 4 minute read 6 comments Chenhuang_defi

While exploring the cryptoverse I recently stumbled upon this pretty old (in crypto terms) thread on Aave which sparked a snowball of thoughts that I just had to share in this piece. The above thread is a proposal for Aave to support $AMPL as a coll...

Top Things You Should Know About Ampleforth (AMPL)

17 Jul 2020 9 minute read 63 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for one of the most interesting projects in Ethereum DeFi – Ampleforth (AMPL). Ampleforth is a relatively new and unknown DeFi project with some very interesting, complex, and lucra...

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...

$350 in #AMPL Rewarded: Winners of #Publish0xWinterMeme Twitter Meme Creation Contest Announced!

13 Jan 2021 2 minute read 41 comments Igor Tomić

Thank you all for participating in the #Publish0xWinterMeme contest. Publish0x team and I loved your entries, many of them made me chuckle, and I wish that all users could get a reward. But some are luckier than others... Still, we've had to give out...

#ELI5AMPL Writing Contest and Twitter Giveaway - $1,000 in AMPL Prizes + Extra Prizes (click for details!)

22 Dec 2020 7 minute read 95 comments Igor Tomić

Can you guess what this new writing contest and twitter giveaway with at least $1,000 in AMPL prizes is all about? I imagine you've guessed it - it's all about Ampleforth! Introducing...   #ELI5AMPL Contest and Twitter Giveaway!   AMPL: Ampleforth i...

$AMPL Can Mimic $DOGE Price Pattern (to a degree)

6 Jan 2021 4 minute read 7 comments Brawnd0

Let me be clear; everything in this entire cryptocurrency space is pretty much just an experiment.  Some experiments work and become new pieces of technology that we use in our day-to-day lives, while others fail and simply fade into the background....

$AMPL is set for a Rebound - Deep Analysis

13 Jan 2021 4 minute read 7 comments CryptoChartWizard91

If you have been following $AMPL  over the past month, you might have noticed that it has been pretty quiet as it mainly sat within negative rebase territory. In fact, since around December 9th, 2020, all AMPL holders saw 40% days of negative rebases...

2 Exciting Projects Building on Ampleforth's Bedrock - $DIGG & $YLD

21 Jan 2021 3 minute read 4 comments Chenhuang_defi

As a Publish0x user, there’s a high chance you've heard about Ampleforth’s $AMPL token before. It's a novel crypto, multi-variable-asset, with an elastic supply and a big brain team. $AMPL has opened a totally new field for developers to play on, a n...