What is Ampleforth?
A new study has been released that explores the reasoning, framework, and efficacy of the Ampleforth protocol in current market environments. AMPL acts both as a cryptocurrency and a fundamental financial instrument. Although it resembles Bitcoin in being an algorithmic and uncollateralized asset, AMPL sets itself apart by being appropriate for stable contract denominations. The supply adjustment mechanism, referred to as "Rebases," occurs on a daily basis. As the AMPL ecosystem grows, users will notice an increase in their token balances, while a contraction in the network leads to a reduction in tokens, with the price of AMPL generally stabilizing around $1. This remarkable rebasing mechanism is what positions AMPL as an attractive choice for various contractual applications. Moreover, AMPL operates as an independent financial primitive, free from centralized collateral or emergency lenders, which significantly differentiates it from Bitcoin, especially regarding its use in contracts. This distinctive characteristic further amplifies its applicability across different financial settings, showcasing its versatility in the broader market landscape.
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Company Facts
Company Name:
Ampleforth
Company Location:
United States
Company Website:
www.ampleforth.org
Product Details
Deployment
SaaS
Support
Web-Based Support
Product Details
Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English