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.


AMPL Geyser -- 3 New Geysers Announced

23 Nov 2020 2 minute read 5 comments Ampleforth

The newest round of AMPL Geysers will be launched next week! AMPL Geysers are important components of the liquidity pillar for the elastic finance long term roadmap, and fulfill the ten year vision to provide widespread liquidity mining rewards to th...

Why has Bitcoin reached the highs of the last 3 years?

23 Nov 2020 4 minute read 2 comments Roberto D.

The rally in Bitcoin, which in recent days reached $ 18,000 and then retraced slightly below, arousing the interest of analysts. Here are the reasons that are driving the growth of cryptocurrency.   Why has Bitcoin reached its highest value in the la...

That time Buterin sold 500,000 Eth for $ 0.98

20 Nov 2020 2 minute read 4 comments Roberto D.

Mike Novogratz, CEO of Galaxy Digital, a financial services firm specializing in digital assets, admitted that he bought 500,000ETH from Ethereum co-founder Vitalik Buterin five years ago (2015), paying a favorable price of USD 0.98 - 0. USD 99 per E...

Token Design as Optimization Design: Ocean and Ampleforth protocol

19 Nov 2020 7 minute read 1 comment Will

Where Token and Optimization Relate to each other Back in February of 2018, Tent McConaghy gave a presentation on the many facets, or faces even, of crypto. He unpacks the token design of bitcoin as a protocol which gives incentives to users, who pro...

3D of Mining

19 Nov 2020 1 minute read 16 comments Coincobra

Start mining now FREE. Mining 3D First Dimension - SHA-256 is a critical computational hash function that uses video cards and high logical capacity computers to guarantee the security, authentication and operation of the entire Proof of Work system...

Discovered 22 Chrome (and Brave) extensions that steal cryptocurrencies

17 Nov 2020 1 minute read 10 comments Roberto D.

A researcher has discovered 22 extensions for Google Chrome whose sole purpose is to steal users' cryptocurrencies. As reported by the information portal Naked Security, Harry Denley (cyber security expert specializing in cryptocurrencies) has discov...

Binance launches a zero fee mining pool for Ether

15 Nov 2020 2 minute read 0 comments Roberto D.

Binance launches a zero fee Ether mining pool for the first month. Note: Whenever I write "Binance" in the article, you can click to be redirected directly to the exchange, if you are not registered (and you register) you will have a lifetime discoun...

CIVIC TOKEN

10 Nov 2020 1 minute read 7 comments Coincobra

Cripto Civic is a wallet that has developed a system to protect and securely store your personal data and your Cryptocurrencies.In the year it was launched - 2017. It sold $ 33 million in tokens. Reaching, in the same year, approximately US $ 1 per...

Why Ampleforth's Elastic Supply is Such a Big Deal?

9 Nov 2020 4 minute read 19 comments DrBreakThru

On May 20, 2019, Ampleforth (AMPL) – a uniquely different cryptocurrency with an algorithmically adjusted circulating supply – was founded with the release of the Ampleforth whitepaper.  Just 1 month later, the AMPL token launched through an Initial...

🚀🚀🚀 Ampleforth looking Bullish AF 🚀🚀🚀

26 Oct 2020 1 minute read 5 comments Permabull

Ampleforth is now sustaining $1 very well, and clearly in an accumulation phase. I bought a smaller bag at the end of last week and not sure if it will pay off but seeing this tweet this morning is giving me quite the hopes: I was watching AMPL for...