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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.
SPOT tokens are designed using Buttonwood (an Ethereum-based smart contract set that provides the building blocks for designing DeFi protocols).
Further Reading on $Spot
28 Dec 2022 1 minute read 0 comments Fabrynar.
If you're like me, you might not have heard much about Ampleforth and its stablecoin Spot until recently. But after doing some research, I have to say that this is a cryptocurrency ecosystem that is definitely worth knowing about. Ampleforth is a cry...
26 Dec 2022 4 minute read 4 comments Dave Sawyer
Blockchain believers, we love you! The world loves you and the days are getting longer!! Hey it was a christmas miracle, we went through the drinking, singing, and crying part, missed the fighting this year so that's good although we were way too r...
25 Dec 2022 3 minute read 12 comments Cje95
So Publish0x has introduced a new tipping token and I have to admit I am rather intrigued by it. While tokens like Strata and FARM have been previously tipping tokens to varying levels of success SPOT is unique in that it is part of another tipping t...
24 Dec 2022 4 minute read 2 comments Miss.Lakill
There are already a lot of lesser-known projects and tokens that are part of the Publish0x Ambassador program. And more than a few of these lack information accessible to newbies like me. So, I wanted to look at $SPOT now that it will be integrated i...
23 Dec 2022 3 minute read 48 comments ITofPub0x
A new token means a new contest - a new Twitter Meme Contest is starting! Topic: The contest is super simple - create a meme relating to the new tipping token on Publish0x - $SPOT! ;) Please note that memes about SPOT, the token - how it works, what...
22 Dec 2022 1 minute read 66 comments ITofPub0x
UPDATE 26th December 2022: Thank you to all of you who participated in this event. Congrats to those who the gods of dice favored! The funds were already added to the users Publish0x accounts and can be withdrawn from here. The funds will be sent d...
![[ENDED - Check Out Who the Winners Were!] Tip an Author in SPOT on #Publish0x, Share the Screenshot on Twitter and Win One of 50x $2 in $SPOT Prizes!](https://www.publish0x.com/img/883238.png?action=fit&ar=1&h=287&inv=0&ori=1&st=1&up=1&w=510&signature=0b3f643ca2556aba046103e016fc95bca65ff174f50a20edfedf286ae357a504)
22 Dec 2022 3 minute read 0 comments excelencia
Some splendid PublishOx NEWS : Today thursday,Publish0x is integrating a new token, Ampleforth’s $SPOT for tipping,bringing 27.5% INCREASED Rewards for all of us tipping readers and writers!!! Spot on...: Always scroll d...
22 Dec 2022 3 minute read 64 comments Publish0x PRs
Today we are integrating a new token, Ampleforth’s $SPOT for tipping onto Publish0x. What is $SPOT $SPOT tokens are designed to follow the $AMPL price, but without exposure to the rebase. SPOT can be redeemed 1 to 1 for $AMPL tokens at any time o...
23 Jun 2021 5 minute read 2 comments Justino
As the popularity of the cryptocurrency industry continues to grow, a large majority of people around the world now have wallets and own at least one form of cryptocurrency. Becoming a crypto owner is definitely not a difficult task; through simple...
21 Mar 2023 1 minute read 0 comments excelencia
