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.

AMPLEFORTH / The Good The Bad And The Ugly

8 Aug 2020 3 minute read 6 comments 528Beats

Image SourceThe GoodAmpleforth Geysers exploded on to the DeFi scene with fantastic returns when providing liquidity to the ETH/AMPL Uniswap pool, which was also giving great returns.Everything was going great, i even wrote a blog about (The Power of...

What Should I Do With My Ampleforth? 🤔

8 Aug 2020 1 minute read 2 comments papaPutra

I can't disagree if you think this is a dark and gloomy days for Ampleforth.😔 Head and Shoulder pattern, Large dumps, Negative rebases, FUD. Scary isn't it? 😓 The token itself described as a experimental token. Well, as same as Bitcoin and Ethereum...

State of the Network, August 4th, 2020

5 Aug 2020 3 minute read 7 comments Ampleforth

The Ampleforth community has come a long way since the protocol launched over a year ago. As such, it feels it is the right time to review the state of the network on its continued progress towards decentralization. The incredibly passionate and acti...

AMPL Dump is a Lie?

4 Aug 2020 6 minute read 20 comments Chenhuang_defi

Many of my followers know me from my extensive coverage of Ampleforth recently and, over the past couple of days, I have started to feel that this recent ‘AMPL Dump’ cannot be left uncommented - just for the sake of those that gained interest in AMPL...

DEFI project - AMPL/ETH on Uniswap +Geyser ( after one week)

4 Aug 2020 2 minute read 14 comments Heruvim78

After one week, the things start to catch up some speed in here. The Geyser rewards for the first 7 days are 11.38 AMPL, and the reward multiplier went from x1 to x1.2. It will take 30 days to go to x2, and 60 days to reach maximum of x3. If you are...

Coinbase on the edge to add more 19 promising assets.

2 Aug 2020 1 minute read 3 comments alberdioni8406

The American based Crypto exchange Coinbase is exploring more assets to add on their portfolio of trading, and already choosed 19 to offer customers which announced on Friday July 31, 2020. According to Coinbase Blog the team is still exploring more...

The Ample Uniswap C-C-Combo!!!

2 Aug 2020 8 minute read 10 comments Block_Enthusiast

So this changes the dynamics of Uniswap how? To set the scene... We have Ethereum, chomping away, being the best damn smart contracting platform that can be. It's got a native token ETH, the most liquid and trustless asset on its network. On Ethereu...

Ampleforth Update - As AMPL Violently Bounces Back Above $1

1 Aug 2020 1 minute read 5 comments Sapphire

A Day Of Carnage Yesterday we saw Ampleforth get absolutely decimated in a bloodbath that left the AMPL price crushed at $0.62! There is a fair amount of speculation regarding the actual cause of the sell-off but it is most likely just the sell press...

I FOMOd into Ampleforth this week

1 Aug 2020 3 minute read 0 comments rhysmonkey

I ignored Ampleforth for months. I wrote it off for a number of reasons: didn't like the name; thought it was a meme-coin; didn't think it had any use case. Image source   But this week I started to pay more attention. I learnt about this German thi...

31.07.20202 - End of July - News from the block and chain

31 Jul 2020 3 minute read 0 comments Heruvim78

Gas fees - they are higher than ever, and now is indeed a good day to be a farmer, if you have a mining farm (with proper rigs, mining Ethereum is more lucrative than ever, even better than 2017, when ETH used to be $1400).  Elrond mainnet was launc...