Exciting news for the Ampleforth community! Adoption of the FORTH governance token, which was introduced in April, continues to grow. Now, with the integration of the FORTH RSS news feed, the community can follow the latest FORTH updates directly from Crypto.com’s FORTH Price Page. As one of the largest hubs in the entire blockchain ecosystem with more than 10 million users, Crypto.com’s Price integration represents an exciting milestone in Ampleforth’s journey. It has never been easier than it is now for interested parties to discover and interact with FORTH.
The Ampleforth protocol is the first fully crypto native protocol that is completely separate from the US Dollar and that can be used to denominate smart contracts. Ampleforth is decentralized and is used to power DeFi projects as an ideal building block. The Ampleforth protocol comprises both AMPL (the monetary asset) and FORTH (AMPL’s governance token).
For those who are new to FORTH, here are three things you need to know:
- FORTH represents a major milestone in the process of Ampleforth becoming a fully decentralized protocol. Via FORTH, the governance process of Ampleforth was formally handed over to the community. To ensure that it remains a permanent change, upgradeability was removed from the protocol with the launch of FORTH.
- FORTH’s architecture ensures that it will be truly uncensorable: no single or limited body can mandate changes that go against the will of the larger community.
- AMPL + FORTH is the realization of Ampleforth’s initial vision. While AMPL represents the first rebasing currency and a unit of account that exists outside the scope of traditional banks, FORTH ensures that this system cannot be governed by a single, Fed-like entity. The will of the community will drive AMPL’s evolution.
As DeFi’s footprint continues to grow, there has never been a time to be more excited about the Ampleforth ecosystem than now. AMPL represents a truly independent money that exists beyond the reach of politics, and which can reliably denominate stable contracts. FORTH is the mechanism through which the protocol will evolve with the community’s help, ensuring that it remains a secure and future-proof medium of exchange.
To stay up to speed on the latest updates and news, join the Ampleforth mailing list here.
AMPL is the first rebasing currency to have been created and is a key DeFi building block for denominating stable contracts. The AMPL protocol adjusts the total token supply daily based on market conditions, transferring volatility from price to supply. Unlike stablecoin models, AMPL’s elastic supply policy does not rely on traditional banks or lenders of last resort. Because of this unique approach, AMPL can be used as a unit of account for smart contracts in a manner that is not possible with other cryptocurrencies. Learn more about AMPL here and follow Ampleforth on Twitter.
Founded in 2016, Crypto.com has grown into a fully-fledged and well-known international cryptocurrency hub in just a few short years. Its crypto ecosystem consists of the Crypto.com App, Crypto.com Exchange, Crypto.com DeFi Wallet, DeFi Swap, Crypto.com Visa Cards, Crypto Earn, Crypto Credit, Price Page, NFT marketplace, Ethereum Gas Fees Tracker, and many other services. Crypto.com works with regulatory institutions all over the globe, and aims to bring you the most convenient way to buy, sell, trade, and spend cryptocurrencies. The Crypto.com App allows users to buy over 100 top cryptocurrencies at true cost, to earn high interest on their crypto, to manage their Crypto.com Visa Card, and to easily make crypto payments, along with many other rewarding features. The company’s Crypto.com DeFi Wallet is non-custodial, so users can have full control of their private keys.
Crypto.com is a highly secure and regulated crypto platform with numerous security certifications and assessments awarded by top security auditors. Crypto.com has obtained the following certificates:
● ISO/IEC 27001:2013, ISO/IEC 27701:2019, PCI:DSS 3.2.1, Level 1 compliance and CCSS.
● ISO/IEC 27701:2019 Certification for privacy risk management by SGS.
● ISO/IEC 27001:2013 Certification for information security management by Bureau Veritas.
● Level 1 (highest degree) PDC:DSS standard for complying with strict requirements in the payment card industry.
● CCSS (Cryptocurrency Security Standard) — a series of strict security requirements for storing, accepting, and transacting cryptocurrencies.
● Adaptive (Tier 4) rating — National Institute of Standards and Technology (NIST) Privacy Framework
● Adaptive (Tier 4) rating — National Institute of Standards and Technology (NIST) Cybersecurity Framework