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.

Semi Passive Earning: Lending on Kucoin

16 hours ago 6 minute read 3 comments YankeeKitsune

Hi folks, sorry for the quiet period the past few weeks. With volatility picking up in both the traditional stock market and especially within the cryptocurrency markets I've been swinging between a couple possible things to write about. Considering...

A Tasty Yield farm on Pancakeswap

22 Jun 2021 1 minute read 3 comments BeeHoward

There is a $AMPL-$BUSD Farm on pancakeswap.It has been in existence for 8 days. $AMPL is a popular rebasing token. Users of Publish0x would be familiar with it.The historical price average of $AMPL has been around $1, it is almost like a stablecoin....

How to Provide $AMPL Liquidity on Pancake Swap & Earn Rewards

16 Jun 2021 3 minute read 12 comments Chenhuang_defi

On June 13th, 2021, Ampleforth successfully became the first multi-chain rebasing asset in history. The team released an $AMPL bridge that allows you to bridge your asset from the Ethereum network to the Binance Smart Chain. Check out this tutorial o...

How to turn $14 into $10 - My AMPL Journey

16 Jun 2021 1 minute read 7 comments Colgate

I started my journey with AMPL when Publish.Ox made it a reward token for publishing and I received $2 for publishing. Later on I published a piece on Upland and scored a prize of $12 in ETH, and with Publish.Ox having a bonus of 10% for transferring...

How to Bridge $AMPL to #BSC [Beginner Friendly]

15 Jun 2021 2 minute read 6 comments Chenhuang_defi

During the first half of June 2021, Evan Kuo, the co-founder or co-creator of Ampleforth, announced that $AMPL is finally a multi-chain cryptocurrency; The announcement stated that $AMPL is now capable of being transferred over to the Binance Smart...

Whats Next on Ampleforth

14 Jun 2021 1 minute read 4 comments Defiant Pathfinder

Lately Ampleforth has been trading around $0.88 which is way below its target price of $1.03. So negative rebase has been  applied so as to reduce the circulating supply and this helped as the price in now on the recovery mode. Currently its trading...

PancakeSwap & Amplforth Announce New Staking Pool on BSC | REKTimes News

13 Jun 2021 1 minute read 3 comments REKTimes

13 JUNE 2021: Supporters of both PancakeSwap and Amplforth were awarded with positive news today via a new partnership that will allow holders of the native token for PancakeSwap, CAKE to stake their holding in the new 'Syrup Pool' in exchange for AM...

Amplforth is Now Officially Cross Chain Compatible with Recent Binance Smart Chain (BSC) Integration

13 Jun 2021 1 minute read 2 comments REKTimes

12 June 2021:  Recent speculation via information from the Amplforth discord server has now been confirmed from Evan Kuo - Amplforth is officially cross chain compatible.  The AMPL rebasing monetary system is now successfully operational between both...

$AMPL on Binance Chain - What happens Next?

9 Jun 2021 3 minute read 13 comments Chenhuang_defi

$AMPL on Binance Smart Chain (BSC) is a matter of WHEN, not IF.  The test bridge for cross-chain $AMPL between Ethereum and BSC is already live on testnet and according to Nithin Krishna, a core software engineer at Ampleforth, it will be live on mai...

May 2021 #Publish0x Payout Report: We've Sent $15,057.10 Worth of $AMPL, $iFARM, and $ETH!

8 Jun 2021 2 minute read 28 comments Igor Tomić

Here's another edition of our monthly payout report. Here's how much crypto we've sent to Publish0x users in May. *All of the Publish0x Monthly Payout Reports can be read from here, or via our official blog. In May, we've sent a total of $15,057.10...