Ampleforth ampl #793

$1.20

-0.39% (1d)

Market Cap

$38.1M

BTC Price

$0.00001132

FDV

$43.9M

Vol24h

$150K

Circulating Supply

36.6M ampl

Total Supply

Info

Website
Website Whitepaper
Community
Algorithm
Proof Type
Block Reward

0
messages.All Time High

$4.07
messages.ATL Date

07/12/2020

The current price of Ampleforth is $1.20 in USD. As of now, a total of 36.6M ampl are in circulation across the market. Ampleforth has experienced a price change of -0.39% in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, Ampleforth trading volume on crypto exchanges has reached $150K.

- Changelly
- Crypto.com

Description

AMPL is an ERC-20 token that functions as a decentralised unit of account within the Ampleforth protocol. Unlike fixed-supply tokens, AMPL uses an elastic supply mechanism to adjust the quantity of tokens in user wallets based on market demand. The token targets the value of a 2019 USD adjusted for inflation, with supply rebasing daily to help stabilise its long-run average price. This approach allows AMPL to maintain purchasing power over time without relying on collateral, central banks, or market makers. AMPL is used in decentralised lending, borrowing, and derivative creation, and can serve as collateral for decentralised stablecoins. While users experience supply volatility, contracts denominated in AMPL aim to remain predictable in value over time. The token is governed through the FORTH DAO.