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.


What are the best altcoins to invest in from November 2020?

26 Oct 2020 3 minute read 16 comments TMod_Marco

September and October historically are weak during an election year. So, now that we have almost ‘survived’ that, let’s look into my top altcoin picks for November and December 2020. Will November and December be bullish for altcoins? BTC dominance...

🚀🚀🚀 Ampleforth looking Bullish AF 🚀🚀🚀

26 Oct 2020 1 minute read 4 comments Permabull

Ampleforth is now sustaining $1 very well, and clearly in an accumulation phase. I bought a smaller bag at the end of last week and not sure if it will pay off but seeing this tweet this morning is giving me quite the hopes: I was watching AMPL for...

QFS and what's to come

22 Oct 2020 2 minute read 2 comments alquimista1501

Now more than ever I have full confidence in Bitcoin and cryptocurrencies. Besides representing a system of financial freedom, it is an emancipatory element even for the system and the structure of many countries. I begin with this introduction and u...

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...

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...

PayPal OFFICIALLY enters the crypto world

26 Oct 2020 2 minute read 4 comments Roberto D.

Finally something is really moving in the world of virtual currencies and is able to really push its diffusion towards the masses. After years of ostracization, Paypal opens up to trading virtual currencies by creating its own wallet in which only Bi...

Smart contracts: what they are, what they are for and why they are revolutionary

16 Oct 2020 8 minute read 6 comments Roberto D.

We often talk (and I have mentioned them too) of smart contracts. However, a doubt arose: often it is assumed that everyone knows what we are talking about, but how many really know what smart contracts are? Today we will find out together. That we i...

Ampleforth - The Biggest Disappointment Of 2020?

23 Oct 2020 2 minute read 9 comments Sapphire

Experimental Concept There was a time when the price of AMPL stayed habitually above a dollar but once all the hype and glitter faded, Ampleforth began to sink below the dollar zone. With an almost constant negative rebase eating away value each and...

DefiPie! Black horse of crypto and defi 2021!

24 Aug 2020 2 minute read 1 comment Savastano

Firstly, I was a little skeptical about when first time someone told me that DefiPIE is a good investment...Now is so many defi projects... hard to choose one or few the best.I remember, that in this month about this project talk CryptoZombie on him...

Ampleforth reloaded - a missadventure without happy-end

26 Aug 2020 3 minute read 3 comments Heruvim78

After exactly 1 month, i decided to remove my liquidity from Uniswap, as it seems that it is not profitable anymore, and the yield farming is not that great also. For exactly 30 days, i received 54 AMPL, evaluated at 35.57 USD.  Not bad for a month,...