Ampleforth

What is AMPL and how Does It Work?

Ampleforth operates as a token asset protocol, aspiring to function akin to intelligent commodity money through its unique elastic supply protocol. Its token, AMPL, utilizes a supply mechanism which adjusts in accordance with its price deviations from a certain established target. Every price fluctuation influences the supply within a 24-hour period, adjusting the quantity of tokens proportionally. Alongside acting independently from other tokens such as Bitcoin, the protocol employs an adjustable supply feature for countering normal trading pressure. The system operates with the purpose of offering a type of account that independently adjusts its supply for maintaining its status, irrespective of market conditions and demand. Ampleforth introduces a varying token supply change to mitigate the effect of unpredictable price fluctuations and navigate challenges faced by financially stable tokens pegged to a fiat currency. Built on the Ethereum blockchain, Ampleforth utilizes smart contracts and decentralized oracles for accumulating necessary price data for supply alterations. FORTH, the governance token for Ampleforth, aids in voting on protocol improvements and decisions. Drawing influence from durable money examples such as gold and certain commodities with lasting purchasing power, Ampleforth's design subtly acknowledges this past approach.

How to Buy and Store AMPL?

To purchase AMPL, Flooz.xyz offers a streamlined process. Flooz.xyz offers a one-stop solution to buy this token, using a smooth checkout, without the need to own a wallet. Tap tap go! All payment methods are supported. Using Flooz self-custodial web wallet, you ensure seamless AMPL transactions, including storing, sending, and receiving tokens. You can create a self-custodial wallet directly on Flooz using your email, Google, and Apple ID in a matter of seconds. This also ensures that you have access over your funds at all times, thanks to the power of cryptography. Flooz.xyz aggregates more than 50+ providers to ensure you with the fastest and cheapest payment routes for your trades. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz.

AMPL Metrics:

• Current price: $1.1324

• Market cap: $80.03 M

• All-time high: $4.07 (Jul 12, 2020)

• All-time low: $0.16 (Oct 31, 2019)

• Daily trading volume: $103.4 k