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Ethereum Rebasing

What the AMPL coin is used for

Why Ampleforth needs the AMPL coin. Ampleforth is an elastic supply currency on Ethereum. It increases and decreases supply to target the price of $1 during 2019.

What is Ampleforth


Ampleforth is an elastic supply (rebasing) currency on Ethereum. It increases and decreases supply to target the price of $1 during 2019.

AMPL coin is used as


  • A price-stable currency

Upcoming

  • Lending
  • Launch Elastic AMM
  • Cross-chain

How Ampleforth works


Ampleforth is a set of smart contracts for the AMPL coin.

Rebasing

Rebasing mechanism can be called by anyone. The effect can only happen once every 24 hours.

Supply increase

  • When the price goes above $1 a rebasing mechanism can be called to increase supply.
  • Supply and demand will then make AMPL drop in price.

Supply decrease

  • When price goes below $1 a rebasing mechanism can be called to decrease supply.
  • Supply and demand will then make AMPL increase in price.

Oracle

At launch, tracking the price in relation to $1 will have a trusted whitelist of sources and the value will be the volume-weighted median between them.

Ownership

If you have AMPL equal to 1% of the total supply you will always have 1% of the total supply, regardless of rebases.

More in whitepaper.

AMPL coin issuance


Starting supply: 50 000 000

Current supply

IEO and ICO

23.2% – Ecosystem 

18.5% – Seed Investors 

3.3% – Series A Investors

10.0% – IEO 

25.0% – Team & Advisors

20.0% – Treasury

More here.

Docs


Forum

Paper

Redbook

Competition


  • USDT
  • USDC
  • DAI
  • Yam
  • Based

AMPL coin price


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