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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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21508778 No.21508778 [Reply] [Original]

Can someone explain to me how this thing works? The supply is elastic, and it rebases (how and how often)? The goal is that it always stays at a dollar? Need an ampl fanboy here

>> No.21508821

>>21508778
It sucks

>> No.21508926

rebases every day at the same time, you are buying a % of the market cap not a number of coins or a particular price.
A rare coin indeed, no one knows what could happen, buy a little bit and experience by yourself.

>> No.21509055

>>21508821
I'm noticing that lately

>>21508926
Thanks. And in true /biz/ fashion, I picked up some before knowing what I was getting into

>> No.21509830

>>21508778
It works as a stable coin by going to zero and staying at zero forever.

>> No.21509990
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21509990

yes. give me your tokens.

>> No.21510406

>>21508778
It is a coin which allows whales to dump on new buyers in exponential quantities. The New buyers have to lose an exponential amount of money for this to work. Even Brian Armstrong admits this.
See: the people who bought halfway up and are now down 90%

>> No.21510791

is there a place to see the rebase history by day?

>> No.21510927
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21510927

>>21510406
yep armostrong admitted the coin is for whales only

>> No.21510954
File: 871 KB, 1511x1976, AMPL_Bags.png [View same] [iqdb] [saucenao] [google]
21510954

>>21510791
https://cryptokek.com/ampl-ampleforth-daily-stats/

click on Rebase History tab

>> No.21511035
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21511035

>>21510927
>G.Luton
kek

>> No.21511548
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21511548

>>21510954
I see no weak handed bitches on this ride. Scared little bitches get btfo.

>> No.21511626

I am financially destroyed

>> No.21511917

>>21510954
ty

>> No.21512448

>>21509830
Top tier fud anon you have successfully convinced me to not got all into AMPL. I will consider only a few thousand on my next purchase now.

>> No.21512474

Imagine if any time your money could inflate to Venezuela levels of inflation. Cool!

>> No.21512526

>>21512448
It's literally impossible for it to go to 0 though... unless they pull the plug on it somehow...

>> No.21512542

Just get $FLOW and save yourself the trouble

>> No.21512645
File: 194 KB, 3078x2564, 1595468781671.png [View same] [iqdb] [saucenao] [google]
21512645

>>21512474
>Billionaire because internet money says so

Also your dick has to be this big to buy now.

>> No.21512727

>>21508926
>A rare coin indeed
it was done at least twice before and they both failed. look up Hayek Coin or Cash or Money I forget what they called it