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.


What is happening in Crypto-sphere?

12 Jan 2021 4 minute read 8 comments Heruvim78

Finally, i have already achieved one of my targets for 2021, reaching Silver I tier in Splinterlands . Now Gold is far far away, with almost 30k of Power needed, but i will get there, hopefully, until the end of the year. Three extra Reward Chests pe...

“THE CASE FOR AMPLEFORTH AS COLLATERAL IN DEFI: VAULTS, REBASES & STABLEAMPLS”

12 Jan 2021 9 minute read 0 comments Crytpol

“On day one, Ampleforth said: Let there be positive rebase and there was positive rebase. And it was good.”   1. Introduction In this speculative thought piece, we will explore how Ampleforth token ($Ampl) can be used as collateral in borrowing/lendi...

Dive into 'AMPLEFORTH' !!

11 Jan 2021 5 minute read 2 comments Oenomel

Wishing all my readers a Happy New Year and entering into my first article of 2021. I'm going through some very busy days. However, I have not lost a single contest since I became a member of the Publish0x, so I am compelled to make my own contribut...

AMPL x ELI5 = get ready to be AMPLI5

11 Jan 2021 2 minute read 4 comments SurfTranquille

Disclaimer: I assumed that a 5 years old would not actually be able to read this piece or any of those written on this site for what it matters. Hence I took the liberty to break it up for you so you can explain it easily to little Eli if he/she care...

#ELI5AMPL Making Grandma understand AMPL with ease

11 Jan 2021 3 minute read 1 comment thetimetravelerz

  My grandmother is an intelligent lady Indeed she is a lady of this world modern and intelligent she has moulded herself to the changing times. However one thing that irks her no end is the losing value of money. Just the other day me and my grandm...

A Detail-Oriented But Simple Guide To Understanding Ampleforth

11 Jan 2021 8 minute read 1 comment Cheever

Introduction To a newbie and even some experienced traders, it could be difficult grasping the concept of Ampleforth (AMPL) in a single read since it is a novel project in the crypto space- it’s quite different from what we are all familiar with. Wh...

Badger Prepares to Launch $DIGG

11 Jan 2021 1 minute read 8 comments Abhimanyu Krishnan

The Badger DAO team is expected to launch synthetic rebasing token DIGG in the upcoming days, as confirmed by the team over Twitter on Jan. 7. DIGG is a synthetic rebasing asset that is based off of Ampleforth (AMPL), but DIGG is pegged to Bitcoin (...

Ampleforth: A rebasing cryptocurrency rewarding users for providing their liquidity

11 Jan 2021 6 minute read 0 comments quintomudigo

   AMPL is a rebased cryptocurrency of the ampleforth network created on the ethereum network and rebased between $1.06 and $0.96 based on the oracle although this range can change based on demand and supply and  can be transferred from one smart con...

Grandma is shocked by the multiplying Ampleforth and shocked again by the missing Ampleforth

11 Jan 2021 1 minute read 0 comments 0fajarpurnama0

Grandma: Sonny, who put more coins in my chest? Grandson: Nobody did grandma since the first time Sonny gave those coins. Grandma: That's funny, maybe Grandma's getting senile? Grandma remembered it was not full. Grandson: Wait Grandma, let me check....

Ampleforth, A New Form of Money?

11 Jan 2021 8 minute read 0 comments renegadetrader

Ampleforth(AMPL) is a unique crypto-currency that is designed to have a flexible supply rather than a fixed supply like Bitcoin. The protocol is an ERC-20 token built on Etheruem and a single AMPL token is called an Ample. The total number of tokens...