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.

Next governance token Christmas gift and one the big airdrop on Ampleforth

22 Apr 2021 1 minute read 3 comments Heruvim78

If you remember UNISWAP airdrop, everybody using it got a nice Christmas gift of 2000-8000$ airdroped in UNI (governance token for Uniswap). Now the history is repeating, and man, is like 10-20 thousands dollars in value for many of us. The next one...

Earn free crypto with Coinbase through quizzes

19 Jun 2021 1 minute read 0 comments BigbyWolf

Coinbase is a crypto exchange that is well known and very reputable, every so often they have quizzes that reward generous amounts of various free crypto, if you sign up now here you can complete some quizzes...

I claimed $6500 of Forth for $4.50 of Ample - Airdrop

24 Apr 2021 1 minute read 6 comments Nevsie

Having only just seen the posts on here about the Ample airdrop of FORTH tokens... I was sceptical to say the least. Especially as I had only withdrawn $4.50 of Ample to my Trust Wallet. People were claiming they had received four and five digit clai...

SCAM OR LEGIT ? DogeBitsFree

28 Dec 2020 1 minute read 1 comment andrej

Hey guys ! I was testing this faucet to give you true information about it. You can earn doge bits on this faucet. 1 Doge bits equals 0,1 DOGE. A few days I was earning bits only by a Roll. You roll a number and depends on which number you roll you g...

Tapsgame Airdrop Round 2 $ 50 + $ 7 REF

19 Dec 2020 1 minute read 0 comments Siscohills

Tapsgame Airdrop Round 2 $ 50 + $ 7 REF Join the tapsgame airdrop now and join the airdrop now and get $ 50 on you. Refer to Friends, earn $ 7 additional fee for each referral.distribution December 29Tapsgame Airdrop Join at now at @tapsgame_bot