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.

#ELI5AMPL - Explain $AMPL to my Grandma

10 Jan 2021 2 minute read 3 comments the01crow

I imagine trying to even explain about cryptocurrency to a person who has never heard or if he has heard has a rather vague and distorted idea in many cases about this, unfortunately people who don't know about cryptos only know that something called...

What you should know about Ampleforth project...

9 Jan 2021 8 minute read 3 comments qsyal

If you know me (form my previous posts), you know that I'm always in research of promising crypto projects. Once I find one, nothing stops me from keeping diving in it for discovering all its features and aspects. Today, I'm back with another in-dept...

Explain it like I am 5 - Ampleforth (AMPL) Contest

8 Jan 2021 5 minute read 8 comments Heruvim78

So, this is an interesting discussion with a 5+ year old . Challenge accepted.  Me: So, do you know what money are? 5 year old (known from now on as 5): Yes, money are coins and notes that i use to buy toys and sweets. And sometimes clothes and shoe...

3 Altcoins That I Believe Will Rise In 2021

8 Jan 2021 1 minute read 0 comments Sebbe_727

This will include my predictions about cryptocurrencies that I believe will have a skyrocketing growth in 2021. Do not take this as investing tips, do your own analysis before buying anything.   3 Altcoins That I Believe Will Rise In 2021 1. Bao Fina...

How Ampleforth Is Redefining Money

8 Jan 2021 7 minute read 11 comments paragism

One of my American friends told me some years back that the US was amidst an obesity pandemic. I googled that time to learn that the rising obesity in the country was indeed a public health crisis. Why did people eat so much there? We eat when we are...

How to Predict $AMPL Upward & Downward Price Movements?

7 Jan 2021 4 minute read 4 comments Brawnd0

Yesterday, I wrote a post on how AMPL can mimic $DOGE price patterns (to a degree). This is part two from that post, as I would like to explore how we can predict the next price movement for AMPL a little further. Predicting price movements is not an...

December Income: 2020 was just the tip of the iceberg!

7 Jan 2021 6 minute read 44 comments PVMihalache

Another musical post, as all this residual income makes me feel festive! Play and read! We had a new king in town in November, as Chad and his tractor went number one. This ended the Publish0x period of supremacy, over the last 8 months. But Chad is...

Ampleforth Is Easy

7 Jan 2021 4 minute read 4 comments ohdearcrypto

The basic workings of Ampleforth are actually really very simple. Once you familiarise yourself with its workings you'll look at Bitcoin and other currencies a bit differently. Ampleforth has a solid website with extensive documentation, befitting of...

Can you receive Publish0x AMPL payments on CEX?

7 Jan 2021 1 minute read 6 comments FredLopez

  We know that nobody wants to lose their funds. That is why I've tried this experiment in order to help you on your next withdrawal from Publish0x. I'm going to tell you my experience trying to receive my payment from Publish0x on a centralized exc...

Stability in Practice: A Take on AMPL vs. ESD

7 Jan 2021 3 minute read 2 comments Poe Mander

  The following points attempt to softly compare the core purpose and reason for existence between Ampleforth and Empty Set Dollar, based on Empty Set Dollar’s own definition of itself.   Anything that can be considered subjective is entirely my own...