source: https://en.bitcoinwiki.org/wiki/Ampleforth
What is Ampleforth?
To know what Ampleforth is we got to get back on it's very beginning!
Back in 1944 in the United Nations it was decided to revoke the standard of gold that lead it's exchange rates that we know today. What does this mean?
U.S dollar became the world's treasure in which people could reserve their value of money, and the whole goal was to gain economic stability. What this conference did to Gold is that years later it wasn't much of a treasure, it became just a another commodity.
But was the goal actually achieved?
Not at all! When gold was separated by money what actually happened is that governments had the power to inflate and supply their currency. This actually brought a lot of destabilizations! The goal was long away from being reached.
Back to Ampleforth
Ampleforth is a Ethereum based crypto which can algorithmically adjust it's circulating supply. So this is the flexibility of the fiat that we talked above! With fiat, every time government saw that it currency needs inflation or had a demand they did it...but with Ampleforth is different! It is different because all of that is calculated and distributed algorithmically in this way everything is more solid and stabile.
Ok, now we are about to go into some more details of Ampleforth, it might sound difficult at the beginning but it is quite simple in fact, and I'll do my best to simplify it.
The algorithmic supply is called as a Rebase.
A rebase occurs each day and what actually happens is this:
The price of AMPL tends to range around 1$, if price goes about that then it means that it is a positive rebase which actually indicates a bigger supply, but if price drops under 0,96$ then it means it is a negative rebase thus they drop the supplying process.
Does it make any sense?
Who stands behind Ampleforth?
Behind AMPL creation stands a team of engineers that are passionate about what they do. Here we mention Evan Kuo - Engineer / Product, Brandon Iles - Engineer / Architecture, Ahmed Naguib Aly - Engineer / Backend, Nithin Krishna - Engineer / Backend, Jessica Yen - Branding / Operations, Richy Qiao - Business / Operations and Simon Manka - Growth.
And we got to mention the investors in AMPL:
True Ventures
Pantera Capital
Founder Collective
Slow Ventures
Brian Armstrong
FBG Capital
Huobi Capital
Spartan Group
Nima Capital
Skunk Capital
Why Ampleforth is one of a kind?
Because Ampl has the best of crypto and fiat! There, I said it. It has the flexibility of the fiat and everything else of a crypto, plus since it is called as stable coin it differs from them as well. Most of the stable coins are backend by fiat but that doesn't stand for AMPL. AMPL is a DeFi which is about to revolutionize the banking system by bringing economic stability. Or at least in theory.
Since it's market cap is still under $10 Million, we need to pump those numbers in order to make this project achieve it's vision. Which vision, by all means would make economics of Utopia.
Where do I buy AMPL?
If your reached this far reading, then I'm sure you want a piece of pie as well.
Well, there are e few of exchanges where you could buy AMPL and you could store it in any wallet that supports ERC-20.
As per buying AMPL you could check: Bitfinex, KUCOIN, Kyber Network, Uniswap...and by the time you are reading I'm very sure that many other exchanges are supporting AMPL.
There are also ways of earning it as a reward for publishing articles you can check out my link and catch with me there as well.
My personal thought in AMPL
As I usually do when I review a Cryptocurrency is giving my very honest thought about it, so here it goes.
I think Ampleforth will revolutionize the banking system, if this project makes it through and keeps it's vision then we will have a stabile economy. I'm very sure that the interest by big investors on this project will be very high very soon.
What do you think about AMPLEFORTH?
theatdhe!
Reference links: https://www.ampleforth.org/
https://www.coinbureau.com/review/ampleforth-ampl/
https://cryptobriefing.com/what-ampleforth-how-ampl-redefining-decentralized-money/