Ampleforth Description
A recently published paper delves into the motivation, structure, and effectiveness of the Ampleforth protocol in real-time market scenarios. AMPL serves as a cryptocurrency and a foundational financial element. Similar to Bitcoin, it operates through an algorithmic framework and does not require collateral. However, in contrast to Bitcoin, AMPL is capable of defining stable contracts. The adjustments in supply, known as "Rebases," occur daily, impacting the number of tokens you hold based on the AMPL network's growth or contraction—when the network expands, your token count increases, and when it contracts, it decreases, while the token price generally hovers around $1. This innovative rebasing feature enables AMPL's application in contractual agreements. Additionally, AMPL functions as a standalone financial component that is not dependent on centralized collateral or emergency lenders, offering a unique alternative to Bitcoin's model. Ultimately, AMPL’s design provides a versatile tool for both investors and contract creators alike.
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Company Details
Company:
Ampleforth
Headquarters:
United States
Website:
www.ampleforth.org
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Product Details
Platforms
Web-Based
Customer Support
Online Support
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