what's Ampleforth?
Ampleforth is a synthetic commodity money protocol designed to maintain purchasing power stability against a CPI-adjusted US dollar through elastic supply adjustments. Its native token, AMPL, undergoes daily "rebase" events that expand or contract total supply based on deviation from the target price, aiming for unit-of-account properties without pegging to fiat reserves. The protocol uses algorithmic mechanisms to target price stability while remaining decentralized and non-collateralized. AMPL serves as a base money layer for DeFi applications, with governance via the FORTH token. It pioneered rebasing tokens, influencing subsequent elastic supply designs in crypto.
Ampleforth ranks 7th in governance token development activity per Santiment.
Ranked 7th among governance tokens by development activity in a Santiment screener tracking GitHub repository contributions.
New CB Ventures investment secured; LVAs and Fragments platform launching soon.
SPOT enrichment rate reaches 22% due to high stAMPL demand, indicating strong market expectations for AMPL expansion.
Two new stablecoins launching: AmpUSD aligned with SPOT brand and USDaf backed by wBTC and sDAI.
New exchange listing on IntentX introduces 20x leverage trading capabilities.
Token shows strength with 21.4% gain while major cryptocurrencies fall over 14%.
Referenced potential $10B market cap target.
Predicted to reach billions in valuation.
Referenced as potential "next Luna", mentioned recovery after summer decline
Project mentioned as still bullish when people divert attention from memes.
Use case described as minting stable coins at scale. Price prediction of over $10B market cap mentioned.
Mentioned as one of top performing coins this cycle, with upcoming SPOT stablecoin minting feature.