Cryptocurrency Q&A
What is Ampleforth token?
What is Ampleforth token?
Michele
Mon Oct 28 2024
|
7 answers
1668
Ampleforth token, or AMPL, is a non-collateralized synthetic asset known as the 'adaptive currency'. Its return can be independent of other parts of the crypto-economy. AMPL utilizes a protocol with an elastic supply that automatically adjusts the circulating supply of tokens based on price changes, maintaining price stability. The project aims to create a fair, politically independent, decentralized asset.
7 answers
Michele
Wed Oct 30 2024
Its primary objective is to achieve algorithmic stability in purchasing power.
Was this helpful?
250
35
MatthewThomas
Wed Oct 30 2024
The supply fluctuates to ensure that the purchasing power remains consistent.
Was this helpful?
263
30
CryptoWarrior
Wed Oct 30 2024
This stability is maintained through adjustments in its monetary supply.
Was this helpful?
366
79
Claudio
Wed Oct 30 2024
Unlike other stablecoins, Ampleforth doesn't aim to stabilize its price at $1.
Was this helpful?
253
83
Carolina
Wed Oct 30 2024
Instead, it alters the supply of Ample tokens based on market demand.
Was this helpful?
92
69
Load 5 more related questions
