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Ampleforth is now listed on Cryptology!

January 31, 2024
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Buy, sell and trade AMPL

📈 Spot trading of AMPL/USDT is live


What is Ampleforth?

Ampleforth is a DeFi ecosystem built on the Ethereum network. Their goal is to create a safer, more resilient, financial ecosystem.

Ampleforth is empowering financial innovation through decentralized infrastructure. Within the Ampleforth ecosystem there is:

  • AMPL protocol.
  • FORTH DAO governance protocol.
  • SPOT perpetual note.

AMPL is described as a decentralized unit of account and is made through the AMPL protocol. 

FORTH is the Decentralized Autonomous Organization that governs the future changes for the Ampleforth ecosystem. It helps those platforms using AMPL protocol to prepare for the future. 

Changes are made through protocol owned liquidity, ecosystem development, and marketing. All voting and changes are proposed across Telegram and their public forum.

SPOT is backed by fully collateralized AMPL derivatives. It is similar to stablecoins but instead mirrors AMPL and isn’t affected by supply volatility.

External projects using Ampleforth include:

  • Spot - A decentralized flatcoin.
  • Poolside - Decentralized Exchange for value accruing assets.
  • Buttonwood - DeFi primitives for building powerful decentralized financial instruments.

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The Ampleforth token

AMPL is Ampleforth’s main token. 

It is an ERC-20 token built on the Ethereum network. 

Depending on the demand for AMPL will affect how many tokens users have in their wallets. The higher the demand the higher the quantity. This is known as an elastic supply.

The price of the USD in 2019 is targeted. It is known as the CPI, which in turn creates the elastic supply effect.

AMPL does not require any collateral, treasury, market-maker, or buyer-of-last-resort to return to its long-run target due to the elastic supply. 

It’s main use cases include:

  • Lending & borrowing
  • Derivatives
  • Safe asset collateral

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Tokenomics:

  • 23.2% - Ecosystem
  • 18.5% - Seed investors
  • 3.3% - Series A investors
  • 10% - Tokinex IEO participants
  • 25% - Ampleforth team and advisors
  • 20% - Treasury

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AMPL’s market stats:

  • Current market cap: $33,712,744
  • Circulating supply: 28,274,494 AMPL
  • Max supply: 395,345,189 AMPL
  • Twitter: 37,833 followers 

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Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.