Ampleforth (AMPL) Live Price and charts Today

1 Ampleforth (AMPL) Price Today in USD is $1.2005

Ampleforth (AMPL) = $1.2005 USD

Ampleforth (AMPL) all-time high (ATH) is $3.8251 USD

The maximum supply of Ampleforth (AMPL) is Unknown

Ampleforth (AMPL) 24h volume is $149.35 Kilo USD

Ampleforth (AMPL) Market Cap is $43.20 Million(s) USD

Ampleforth
$1.2005
-0.76%
Ampleforth (AMPL) Price Chart
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  • 1H -0.88%
  • 24H -0.76%
  • 1Y +1.04%
  • Rank #397
  • Market Cap -0.79% $43,202,648
  • 24H Spot Volume -5.33% $149,348.32
  • 24H Volume / Market Cap -
  • Circulating Supply 35,987,498.59
  • Total Supply 43,832,465
  • Max Supply -
  • Fully Diluted Valuation -
  • API ID ampleforth copy duigou
  • Project Start Date Dec, 2019
  • Contracts & Explorer(s) coin-img 0xd46...9a161
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  • Websites Website
  • Links
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About AMPL Roadmap & Milestones
The Ampleforth ($AMPL) is a Ethereum-based decentralized finance infrastructure powering innovations in money.

The Ampleforth protocol is a set of instructions on the Ethereum blockchain that produces a decentralized unit of account called $AMPL. The $AMPL token is the primary building block of the Ampleforth Elastic Finance Ecosystem. It is used for lending & borrowing, for the creation of derivatives, and as collateral for a decentralized stablecoin. It is an Ethereum-based cryptocurrency with an algorithmically adjusted circulating supply. It is designed to be the base money of the new decentralized economy, by providing an asset that cannot be diluted by supply inflation and remains decoupled to the price action of other cryptocurrencies—and Bitcoin ($BTC) in particular. 

With Ampleforth, token holders own a fixed fraction of the total $AMPL circulating supply, rather than a fixed number of tokens. When the protocol detects that the price of $AMPL is too high, it increases the circulating supply, whereas the supply is decreased if the price is too low. This change is propagated to all Ampleforth wallets, which have their wallet balance adjusted proportionally. Irrespective of this change, $AMPL holders will still retain the same percentage of the token supply. This automatic supply adjustment process is known as a “rebase” and occurs once each day, with a positive rebase if the price goes above $1.06, and a negative rebase if it is below $0.96. The overall goal of the system is to create incentives that drive the market price of AMPL back to ~$1.

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