Ampleforth (AMPL) offers an algorithmically adjusted stablecoin with unique supply dynamics. More
| Fully Diluted Valuation | $27.05M |
|---|---|
| 24H Trading Volume | $49,435 |
| 24H Low / High | $1.25 / $ 1.27 |
| Circulating Supply | 19.94M |
| Total Supply | 21.42M |
| Max Supply | ∞ |
| Categories | Decentralized Finance (DeFi) 8 more |
|---|---|
| Founder | Evan Kuo 1 more |
| Website | ampleforth.org Whitepaper |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 5 more |
| Explorer | Nearblocks 9 more |
| Contracts |
0xd46....9a161
5 more
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| Name | Pair | OG Score |
|---|
Ampleforth (AMPL): Revolutionizing Base Money in the Decentralized Economy
Ampleforth is an Ethereum-based cryptocurrency with a unique approach to stabilizing its purchasing power. Unlike traditional stablecoins that aim for a fixed price, Ampleforth adjusts its circulating supply algorithmically, ensuring that the value of each token remains stable in real purchasing power terms.
Key Features of Ampleforth
Algorithmically Adjusted Supply: Ampleforth's protocol adjusts the circulating supply of AMPL tokens based on market demand. If the price of AMPL goes above a specified range, the supply increases, and if it falls below, the supply decreases.
Daily Rebase: The supply adjustment, known as a "rebase," occurs once a day, ensuring that token holders maintain a fixed fraction of the total AMPL supply, regardless of the price.
Decoupled from Other Cryptocurrencies: Ampleforth's design aims to decouple its price action from other cryptocurrencies, including Bitcoin, providing a unique asset for diversification.
Use Cases of AMPL
Decentralized Lending: AMPL can be used as collateral for decentralized lending platforms, providing a stable asset for borrowers and lenders.
Decentralized Derivatives: The stable purchasing power of AMPL makes it an ideal asset for creating decentralized derivatives, offering traders a stable base asset for trading.
Decentralized Stablecoin: AMPL can serve as a building block for creating decentralized stablecoins, providing a stable store of value within the decentralized finance (DeFi) ecosystem.
Founders of Ampleforth
Ampleforth was founded by Evan Kuo, a seasoned entrepreneur with a background in mechatronics, robotics, and automation engineering. Brandon Iles, a senior software engineer with experience at Uber and Google, is also listed as a co-founder of the project.
Ampleforth's innovative approach to stabilizing purchasing power through algorithmic supply adjustments sets it apart in the cryptocurrency space. With its unique features and use cases, AMPL aims to be a foundational asset in the emerging decentralized economy, providing stability and value to its holders.
Ampleforth is unique in its algorithmically adjusted circulating supply, ensuring stable purchasing power by expanding or contracting the supply based on market demand, unlike traditional stablecoins that target a fixed price.
Ampleforth was founded by Evan Kuo, an experienced entrepreneur with a background in mechatronics, robotics, and automation engineering, along with Brandon Iles, a senior software engineer with previous roles at Uber and Google.
You can buy Ampleforth (AMPL) on Gate.io, KuCoin, Bitfinex, Uniswap V2 (Ethereum)PancakeSwap (v2) cryptocurrency exchanges.
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