Ampleforth is a decentralized protocol for stablecoins.
Ampleforth (AMPL) adjusts token supply based on demand, targeting 2019 USD via lending, derivatives, and stablecoins.
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What is Ampleforth (AMPL)?
Ampleforth protocol is a set of instructions on the Ethereum blockchain that creates a decentralized unit of account called AMPL. The AMPL token serves as a core component of the Ampleforth Elastic Finance Ecosystem. It is used for lending, borrowing, creating derivatives, and as collateral for a decentralized stablecoin. The price of AMPL is targeted to the CPI-adjusted 2019 USD, but the quantity of AMPL tokens in user wallets adjusts automatically based on demand. When market demand is high or low, AMPL's supply deviates from its target, but its price ultimately returns to its long-term goal. Use cases for AMPL include decentralized lending, derivatives, and stablecoins.
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Ampleforth price live information
As of now, Ampleforth is trading at 1.2278 USD, with a 24-hour trading volume of approximately 265.70K USD. The AMPL to USD price is updated in real time. Over the past 24 hours, Ampleforth has increased by 3.52%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 34.72M USD. Currently, there are 28 274 493.6 AMPL in circulation out of a maximum supply of 35 881 356.760684 AMPL.
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