Ampleforth Ico Review

Ampleforth Ico Review – Ampleforth is a Digital-Asset-Protocol For Smart Commodity-Money

About Ampleforth

Monetary economists often highlight two of money’s properties—scarcity and use value. Ampleforth to monetary historians, the way in which these two properties are combined to produce money depends on the technological and institutional infrastructure of the time. Commodity moneys—that is, those which are absolutely scarce and have non-monetary use value—have been important throughout history.

These were often precious metals, the supply and demand for which could change the course of even large economies (Von Glahn 1996). This use of precious metals was driven in part by a need to limit counterfeiting, but also raised the cost of producing money, making even the simple feature of multiple denominations nearly impossible to achieve (Velde and Sargent 2002).

Ampleforth Key Information

Token NameAmpleforth
Soft cap500,000 USD
Hard cap4,900,000 USD
Distributed in ICO10%
Tokens for sale5,000,000
Token SymbolAMPL
Token TypeERC20
Price in ICO ——
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

The Game Change Team Behind Ampleforth

Ampleforth Ico Review - Ampleforth is a Digital-Asset-Protocol For Smart Commodity-Money


At a high level the Ampleforth protocol propagates price-information into supply by reacting to nominal exchange-rate information. The protocol achieves this by actively seeking a price-supply equilibrium—and will automatically enter a state of unrest until it finds one. Whether Alice holds 1 Ample worth $2 or 2 Amples each worth $1, makes no difference in terms of net balance. The difference is the Ampleforth protocol directly propagates price-information to each token owner through the count in their token balances. By expanding to and contracting from coin holders directly, a given user’s percent ownership remains fixed unless the user chooses to sell or buy more.

Supply Smoothing

Ampleforth protocol sets supply targets algorithmic-ally, and to avoid over-correction it grades supply changes as though they will distribute uniformly over the course of k days. The supply change ∆i/k is recomputed and executed no more than once every 24 hours. This operation is stateless. Each day, the protocol recomputes the supply target based on the latest price difference, and executes as though the targeted change will occur uniformly over the next k days without any memory of the previous day’s supply change.

Market Oracle & Expansion Coefficient

Ampleforth absorb price information from the outside world, the protocol utilizes a market oracle system made up of whitelisted independent data providers who broadcast 24 hour volume weighted average price to a single on-chain Aggregator. To enact supply changes automatically and simultaneously across wallets, the Aggregator updates a global coefficient of expansion referred to as the split Ratio no more than once every 24 hours. For detailed information on the market oracle and supply adjustment systems, please see the appendix.

Announcing Supply Changes

Each supply change operation is publicly logged and timestamped automatically to provide visibility into when the next supply change will occur. Supply update values are computed based on a 24 hour volume weighted average of price, which is freely visible in the market. Additionally, the price values are publicly logged ahead of a re-base, so all participants
have general visibility into whether a supply change will occur and in what measure. Ampleforth will provide a simple visualization of this information, but anyone is free to construct their own as well.

Thinking Fast and Slow

The Ampleforth protocol establishes a set of initial conditions and incentives for the network. There is no centralized oversight of price or supply in the Ampleforth protocol. Rather, it depends on a decentralized network of actors. While the protocol propagates price information into supply, it’s the actors that propagate supply information back into price.

Recall that the Ampleforth protocol program manically sets equilibrium supply targets, which is important because the promise of elastic supply needs to be strictly enforced. However changing supply does not mean that actors will correspondingly adjust their bids, nor will they do so in unison. Instead, actors will respond to supply changes based on how quickly or slowly they think others will respond.

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