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Ampleforth (AMPL) built on Ethereum is the first stable token that has an elastic supply. It means that its supply changes daily. In addition, $AMPL is uncollateralized (dissimilar to $DAI), decentralized (dissimilar to $USDC), and censorship-resistant (dissimilar to $USDT) because it has a completely algorithmic asset system.
What is Ampleforth (AMPL) Protocol?
Ampleforth Protocol produces decentralized account units that work on Ethereum blockchain. By the way, the unit of account means a unit of measure of the market value of goods, services, and transactions on the network. It should be known the the protocol consists of AMPL and FORTH indicators. Furthermore, the protocol can increase the circulating supply when the price of AMPL is high. Also, if the price goes down the supply can be decreased. Thus, the price of AMPL can be stable.
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The founders of Ampleforth
The main center of Ampleforth is in Silicon Valley in the USA. Besides, the employees in the team are from essential companies such as Google, Uber, PWC, and EY. Evon Kuo, the CEO of Ampleforth, is also a former employee of Yahoo and VP of Product. Brandon Iles, Co-Founder of AMPL, worked for Google, and Uber as a software engineer.
Investors
Another important thing is that the project has received a $4.8 million investment in Seed and Funding Rounds. In addition, some of the investors are True Ventures, Pantera Capital, Huobi Capital, Brian Armstrong, and Slow Ventures.
AMPL Tokenomics
The total supply is 395,345,189 AMPL and the circulating supply is 46,031,113 AMPL.
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Token distribution is as below:
- Treasury 23%
- Ecosystem 20%
- Seed 19%
- Team 17%
- Public Sale 10%
- Other 13%
Which exchanges can we buy it?
The AMPL coin very interguing because it is different than other stable coins. For this reason the exchanges we can buy AMPL coins are KuCoin, Gate.io, Bitget, MEXC, Uniswap, and Sushiswap.
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