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 Ampleforth?

4 Jan 2021 2 minute read 4 comments TrocProcLock

My Submission into the Ampleforth Contest: When Publish0x announced the new tipping token would be Ampleforth, I was like "cool, okay just another coin I don't know anything about". And it stayed that way for a little while. I then saw a comment on a...

Understanding Ampleforth: Traders and Investors edition

4 Jan 2021 5 minute read 0 comments Nams

Disclaimer: The contents of this article should not be construed as financial advice. DYOR! If you have done just a little bit of some research, you would know that AMPL is some sort of a stablecoin (its price in the market is meant to be not as vola...

Coinbase taking on Ampleforth?

4 Jan 2021 2 minute read 10 comments rah

I remember back in the summer I built up a whole load of Loopring which I was holding on to with nowhere to put it and then suddenly out of the blue Coinbase added it and I was able to move all of my Loopring from Publish0x In November Publish0x move...

My Publish0x 2020 : Winter Fun in Ampleforth Village

4 Jan 2021 4 minute read 19 comments PVMihalache

Just few minutes into 2020, I was drinking champagne straight from the bottle while watching the fireworks at the embankment. I was enjoying the moment and thinking something like "Ohh man... this year will be great!". That's just me being silly!  I...

AMPL on Aave is a Win-Win for (Almost) Everyone

4 Jan 2021 4 minute read 6 comments Chenhuang_defi

While exploring the cryptoverse I recently stumbled upon this pretty old (in crypto terms) thread on Aave which sparked a snowball of thoughts that I just had to share in this piece. The above thread is a proposal for Aave to support $AMPL as a coll...

Ampleforth? How To Explain It To Children and Grandparents

3 Jan 2021 2 minute read 9 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Ampleforth (AMPL) is a token with an elastic supply. Surely this is the main token of this type (there is also Base Protocol which modifies its supply based on the market capitalization of all crypto and Ditto on the Binance Smart Chain). It's a bit...

How to explain Ampleforth (AMPL) to Grandmother.

2 Jan 2021 7 minute read 7 comments CryptoBible00789

A Letter to Grandmother. Introduction. In the wake of the 2008 financial crisis, an anonymous but genius computer programmer named Satoshi Nakamoto created the Bitcoin whitepaper [Figure 1] and sparked a whole new asset class of internet money. Uniq...

What makes Ampleforth (AMPL) different?

2 Jan 2021 4 minute read 5 comments Nams

To understand what makes AMPL unique, we need to start with some basic lessons in Economics. Additionally, we’ll explore what is wrong with Bitcoin and most altcoins, and how AMPL seeks to solve those problems. Lesson 1: The law of supply There is a...

Tales of the King Ampleforth #ELI5AMPL

2 Jan 2021 1 minute read 3 comments Snow Under Sun

Hi. I am "Ellie", Can you tell me the tales of King Ampleforth? You are already 5 years old now,  I will tell you like #ELI5AMPL A long time ago in a country far, far away had a good-hearted King who named Ampleforth the Great. He was a very good...

ELI5AMPL Contest (A must read)

2 Jan 2021 1 minute read 2 comments Itech

Here is a brief explanation of AMPL explained to you as if you were five (5) First I will explain what Blockchain is! Blockchain Blockchain is a system in which a record of transactions made in bitcoin or another Cryptocurrency are maintained across...