Home Coins Ampleforth (AMPL)

Ampleforth (AMPL)

Ampleforth purports to be a token that is balanced around an equilibrium price target, but says that it does not qualify as a stablecoin, at least initially.

The cryptocurrency is designed to periodically add or subtract tokens from an investor’s holdings in order to match exchange rate fluctuations, meaning that it has a correspondingly fluctuating market capitalization.

I think the best way to look at it is that your holdings are completely non-dillutive.

If you own, for example 1% of the network, you’ll always own 1% of the network until you decide to buy or sell. We think this is a great property of the system.

This also means that this token is expected to have a low correlation with bitcoin (BTC) compared with other crypto assets

Today’s digital assets are highly correlated, largely following the movement pattern of Bitcoin. An asset like Amples which will have a different movement pattern from current-generation digital assets, this makes the asset uniquely suited for the following use cases.

1. Near term — Diversification in crypto portfolios.

2. Mid term — As reserve collateral in decentralized banks such as Maker DAO.

3. Long term — An alternative to central-bank money, like bitcoin but macroeconomically friendly.

[mcrypto id="42546"]
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