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!  ...

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...

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...

$12k* in CRYPTO - Yield, Ampleforth & RFI Community Meme Competition

19 Jan 2021 1 minute read 7 comments jmcadg

The communities of Yield, Ampleforth and Reflect.Finance have come together to create the biggest competition in DeFi. Get your creative juices flowing and bring the coolest crypto memes to the proverbial table. It’s going to be tough, you’re up agai...

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...

Ditto Money ... Like Ampleforth but on Binance Smart Chain

19 Jan 2021 2 minute read 26 comments PVMihalache

Some will say... oh no.. another elastic token.. but this is cool! Ladies and gentlemen ... I present Ditto Finance, the first elastic supply token on Binance Smart-Chain. When you open the website, is love at first sight, with a fresh, uncluttered...

Reading to coffee #6

13 Jan 2021 1 minute read 2 comments andrej

Welcome to sixth episode of reading to coffee.  Today topic is: INTERNET   1. Every day there is send more than 300 billions of e-mails. About 97% of them are spam. 2.  Internet is 11630 days old (today 13.1.2020) 3. YouTube upload to internet ever...

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...

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

9 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...

DeFi: Ampleforth, Maker a great performance

10 Jan 2021 1 minute read 0 comments Gamma

  After the boom of the last few months, the decentralized finance tokens (DeFi) are now stagnating and the total value of the dollar locked in the DeFi protocol has not stopped growing for more than 10 days. In terms of Total Stranded Value (TVL), o...