Ampleforth is defined as an Ethereum-based DeFi platform running the supply-adjusted stable coin AMPL. As Kriptokoin.com , we will answer the question “What is Ampleforth” in this article. In addition, we will also touch on other questions about the project.
What is Ampleforth?
It is a platform built on Ethereum that aims to protect purchasing power. It aims to reduce volatility in the market. The platform’s cryptocurrency AMPL is designed to be a collateral for decentralized banking and an alternative coin for the crypto economy.
Additionally, the platform has a governance token called FORTH. In this way, users have the right to express their opinions and vote on problems related to the protocol. When the platform was launched in 2018, only the AMPL token was available. The FORTH token was introduced and included in the platform in April 2021.
Who is the founder of Ampleforth?
Platform was established in 2018 in San Francisco, United States. The platform was created by two blockchain experts, Brandon Iles and Evan Kuo. Evan Kuo currently serves as the platform’s CEO.
What is an Ampleforth token (AMPL)?
The platform’s first cryptocurrency is AMPL. AMPL is a stable coin whose value is equal to the US dollar. AMPL’s USD parity is not via user deposits or transactions; is obtained through the supply provided by the platform.
The protocol examines the ratio between AMPL and USD at the same time each day. If the value of the AMPL exceeds the value of the US dollar, new AMPL is printed. However, if the opposite happens and the value of AMPL falls against the US Dollar, this time AMPL is burned to maintain the rate.
What is FORTH?
As mentioned above, it is Ampleforth’s governance token. This token gives project investors the right to vote on issues that will determine the future of the platform. Thanks to this token and its governance task, the platform is planned to become decentralized. Also, with the emergence of this token, the AMPL token has abandoned its administrative functions.
What is the total supply and current price of Ampleforth?
According to Coinecko data, Ampleforth’s maximum and total supply is 64,935,513 AMPL. The circulating supply is 64,642,315 AMPL. However, the last 24-hour trading volume of the project is $ 795,859, and the market value of the project is $ 56,864,405. The AMPL token is currently trading at $0.879821 on cryptocurrency exchanges. However, in July 2020, it rose to the level of $4.07 and broke its own price record.
What is Ampleforth? How to get AMPL?
The platform is currently traded on multiple leading cryptocurrency exchanges. People wishing to invest in the platform should open an account on one of the exchanges where Ampleforth is traded. The exchanges where Ampleforth is traded are listed as follows: FTX, Bitfinex, KuCoin, Gate, Bitfinex and MEXC. Users wishing to invest in Ampleforth must open an account with one of these exchanges. Additionally, investors can deposit USDT etc into their wallets. must add a cryptocurrency.
