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"]
483FansLike
75FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,634FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.10
GBP
1.23
CHF
1.03
NOK
0.10
JPY
0.01
CAD
0.72
AUD
0.66
bitcoin
Bitcoin (BTC) $ 8,805.76
ethereum
Ethereum (ETH) $ 200.03
ripple
XRP (XRP) $ 0.194330
tether
Tether (USDT) $ 0.999790
bitcoin-cash
Bitcoin Cash (BCH) $ 227.43
bitcoin-cash-sv
Bitcoin SV (BSV) $ 181.50
litecoin
Litecoin (LTC) $ 42.30
eos
EOS (EOS) $ 2.49
binancecoin
Binance Coin (BNB) $ 16.16
okb
OKB (OKB) $ 4.91
tezos
Tezos (XTZ) $ 2.68
leo-token
LEO Token (LEO) $ 1.14
cardano
Cardano (ADA) $ 0.052974
monero
Monero (XMR) $ 61.74
stellar
Stellar (XLM) $ 0.064535
chainlink
ChainLink (LINK) $ 3.81
huobi-token
Huobi Token (HT) $ 3.86
tron
TRON (TRX) $ 0.014407
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 72.25
neo
NEO (NEO) $ 10.09
iota
IOTA (MIOTA) $ 0.192586
nem
NEM (XEM) $ 0.040092
zcash
Zcash (ZEC) $ 44.87
maker
Maker (MKR) $ 340.00
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 6.65
vechain
VeChain (VET) $ 0.004877
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 2.80
kucoin-shares
KuCoin Shares (KCS) $ 0.976735
waves
Waves (WAVES) $ 1.07
ArabicChinese (Simplified)DutchEnglishFrenchGermanItalianPortugueseRussianSpanishSwedish