SPOT (SPOT)

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$SPOT tokens are designed to follow the $AMPL price, but without exposure to the rebase, and can be redeemed 1 to 1 for $AMPL tokens at any time on the Spot minting app.

Spot is an inflation resistant store of value token which targets the 2019 $1 USD, built on top of the Ampleforth protocol. As a simplest possible explanation: Take your AMPL tokens, deposit them into the SPOT minting app > mint $SPOT tokens.

$SPOT tracks the price of $AMPL, but $SPOT does not rebase. You can redeem spot one to one for $AMPL via the SPOT minting app.

When you deposit AMPL tokens into the SPOT app, these tokens are split into 2 “tranches” (into two different tokens) of tokens, called a-AMPL and z-AMPL, at a 20% - 80% ratio. If you deposited 100 AMPL into the Spot app, you would get 20 a-AMPL tokens and 80 z-AMPL tokens.

  • A-AMPL tokens get turned into $SPOT (the new tipping token on Publish0x!), and again, these tokens DON’T rebase, and they are redeemable 1-1 for AMPL regardless of current AMPL price.
  • The Z-AMPL tokens do still rebase. Infact, they are essentially leveraged and represent the full initial amount of AMPL. In our hypothetical case in which we've deposited 100 AMPL into the Spot app, we would get 80 z-AMPL tokens and 20 a-AMPL tokens. While 20 a-AMPL (essentially SPOT) tokens do not rebase at all, the 80 z-AMPL rebases as much as the original 100 AMPL would rebase; essentially, z-AMPL is leveraged 1.25x the normal AMPL rebase.

SPOT tokens are designed using Buttonwood (an Ethereum-based smart contract set that provides the building blocks for designing DeFi protocols).

Here is the full Spot info site and whitepaper: https://www.spot.cash/ 

Further Reading on $Spot


Is Redeeming SPOT for AMPL Worth It?

5 Feb 2023 1 minute read 12 comments RocketEnthusiast

Much has been made about the latest tipping currency here on Publish0x, SPOT. I've written about it, as have many others. The main issue being what to do with the damn dog. While the consensus seems to be to just let your SPOT accumulate on P0x until...

Sarcasm Saturday #24 - Crypto Pumps, Crypto Bros & Valentine's Day

4 Feb 2023 6 minute read 17 comments PVM

The market is giving us love! Maybe because we are approaching Valentine's Day, or just because everyone started 2023 with good vibes. I also set my new year resolutions and new goals, and I am ready to share love and sarcasm! BRING IT ON 2023! I in...

ThePredictionSeries: prediction 198.2: saturday, February 4 2023 : The Result

4 Feb 2023 2 minute read 1 comment excelencia

Excelencia is giving a 100% tip to the publisher of the post that has maintained its position at rank 1 in the New rubric of  the PublishOx website, at the moment ThePredictionPost that predicted to be going to enter at rank 1, has not entered at ran...

ThePredictionSeries: prediction 198.1: saturday, February 4 2023 : Todays Prediction .

4 Feb 2023 3 minute read 0 comments excelencia

If your post was appearing in the NEW rubric of PublishOx around the same time with this prediction post 198.1, stay tuned for the appearance of post 198.2 with the result of the prediction to potentially see your post featured and eventually be maxt...

TheDailyStatsSeries: day 303: the stats from friday, february 3 2023

4 Feb 2023 5 minute read 0 comments excelencia

Scrolling down You'll see the actual price situations of BTC, ETH, AMPL AND SPOT and a snapshot of the $BTC, $ETH, $AMPL and $SPOT at a specific hour today saturday.                         Excelencia's TheDailyStatsSeries:                           ...

ThePredictionSeries: prediction 197.2: friday, February 3 2023 : The Result

3 Feb 2023 2 minute read 0 comments excelencia

The higher a post enters in the New page on PublishOx, the more visibility it will receive, very likely resulting in receiving more tips... Scrolling down You'll see: The actual price situations of BTC, ETH, AMPL AND SPOT and a snapshot of the $BTC,...

ThePredictionSeries: prediction 197.1: friday, February 3 2023 : Todays Prediction .

3 Feb 2023 3 minute read 0 comments excelencia

If your post was appearing in the NEW rubric of PublishOx around the same time with this prediction post 197.1, stay tuned for the appearance of post 197.2 with the result of the prediction to potentially see your post featured and eventually be maxt...

TheDailyStatsSeries: day 302: the stats from thursday, february 2 2023

3 Feb 2023 5 minute read 0 comments excelencia

Comparing wednesdays and thursdays tips given and tipping users: Again the more less phenomenon: 27 more tips given by 28 less tipping users... Excelencia is going to make these comparisons regularly to see if it can be related to specific weekdays o...

ThePredictionSeries: prediction 196.2: thursday, February 2 2023 : The Result

2 Feb 2023 2 minute read 0 comments excelencia

The higher a post enters in the New page on PublishOx, the more visibility it will receive, very likely resulting in receiving more tips... Scrolling down You'll see the actual price situations of BTC, ETH, AMPL AND SPOT and a snapshot of the $BTC, $...

ThePredictionSeries: prediction 196.1: thursday, February 2 2023 : Todays Prediction .

2 Feb 2023 4 minute read 0 comments excelencia

If your post was appearing in the NEW rubric of PublishOx around the same time with this prediction post 196.1, stay tuned for the appearance of post 196.2 with the result of the prediction to potentially see your post featured and eventually be maxt...