Ampleforth
Ampleforth is a digital-asset protocol for smart commodity money. Smart commodity money with a unique elastic-supply protocol. AMPL supply expands and contracts in response to its price deviating from a 1 USD target. Deviations result in a supply change of AMPL once every 24 hours, increasing or decreasing the number of tokens in each holder's wallet on a pro rata basis. Ampleforth is the only asset in the world with this elastic-supply property and therefore has counter-cyclical trading pressure and is uncorrelated with other digital assets such as Bitcoin.
Overview
Ampleforth is a digital-asset protocol for smart commodity money. Smart commodity money with a unique elastic-supply protocol. AMPL supply expands and contracts in response to its price deviating from a 1 USD target. Deviations result in a supply change of AMPL once every 24 hours, increasing or decreasing the number of tokens in each holder's wallet on a pro rata basis. Ampleforth is the only asset in the world with this elastic-supply property and therefore has counter-cyclical trading pressure and is uncorrelated with other digital assets such as Bitcoin.
- Ecosystem
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Team
Team information has not been disclosed.
Funding history
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