Ethereum
Token price
-2.76% last 24h
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Market cap
24h vol
Holders
Total liquidity
-
Balance: $0
($56.04 M)
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Type | Amount | Price | Wallet | Time |
|---|---|---|---|---|
Data provided by
CoinMarketCap.comAmpleforth 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.
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AMPL Metrics:
Current price: $1.1746
Market cap: $128.23 M
All-time high: being indexed (being indexed)
All-time low: being indexed (being indexed)
Daily trading volume: $234.3 k
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