/biz/ - Business & Finance

$3.00 Spartans Edition

Average 24hr Oracle price: $1.98
Previous Rebase Yield: 9.6%
https://www.ampleforth.org/dashboard/

What is Ampleforth?
Ampleforth is an elastic supply currency whose supply scales with market cap.

What makes Ampleforth different than other coins and tokens?
If you own 1% of the supply, you will always own 1%.

How does the AMPL supply change?
AMPL supply changes nightly at 10pm EST, called a rebase. If AMPL price is outside the threshold (currently $0.95-1.05), AMPL supply is changed to bring the average price per AMPL closer to $1.

Are there extra incentives for early adopters?
Yes, AMPLs can be staked in the 90 day geyser to help provide liquidity to Uniswap. Stakers will receive rebase reward plus 2x-3x AMPLs locked in the geyser.
https://www.ampltalk.org/app/forum/ampl-geyser-19/topic/about-the-geyser-21/

What are the goals of the project?
In the short term, to be a speculative currency, and in the long term a stable reserve of value that can be adopted by institutions but still have liquidity for everyday transactions.

What developers and private capital backers are with the project?
An impressive list of American developers and engineers, along with Brian Armstrong of Coinbase.
https://www.ampleforth.org/about/

Where can I buy?
Uniswap
Kucoin
Bitfinex

Links:
https://www.ampleforth.org/
https://www.ampleforth.org/basics/
https://www.ampleforth.org/redbook/
White Paper - https://drive.google.com/file/d/1I-NmSnQ6E7wY1nyouuf-GuDdJWNCnJWl/view

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