How does Ampleforth maintain its price stability?

Ampleforth adjusts its supply based on demand to target the CPI-adjusted dollar, allowing it to maintain price stability.

What are the key technical features of Ampleforth?

AMPL is a decentralized unit of account and serves as the collateral asset in the SPOT protocol. It also utilizes the governance token, Forth, for protocol management.

What should I know about transferring Ampleforth?

Users should verify the contract address and network before transferring AMPL. Transfers may be irreversible, and self-custody requires secure handling of private keys.

Where can I find official resources for Ampleforth?

Official resources for Ampleforth can be found on their website at https://www.ampleforth.org/ and their technical documentation at https://docs.ampleforth.org/.

Ampleforth (AMPL)

Rank #389

Market snapshot

Price: $1.48
Market cap: $41.8M
24h volume: $1,115.94
Circulating supply: 28,274,493.6
Total supply: 10,630,913.5755
Max supply: N/A

What is Ampleforth?

Ampleforth (AMPL) is designed to provide a price-stable cryptocurrency while allowing for supply volatility. It operates on the Ethereum network and aims to adjust its supply based on demand, targeting the CPI-adjusted dollar to maintain stability in value.

Key information

Symbol: AMPL
CMC rank: #389
Network / platforms: Avalanche C-Chain, BNB Smart Chain (BEP20), Ethereum, Meter
Categories: N/A
Date added: Jun 28, 2019

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Avalanche C-Chain
0x027dbcA046ca156De9622cD1e2D907d375e53aa7
BNB Smart Chain (BEP20)
0xDB021b1B247fe2F1fa57e0A87C748Cc1E321F07F
Ethereum
0xd46ba6d942050d489dbd938a2c909a5d5039a161

Key characteristics

AMPL is a decentralized unit of account and serves as the collateral asset used in the SPOT protocol. The governance of the Ampleforth Protocol and DAO is managed through its governance token, Forth. Community members can participate by answering questions about the AMPL protocol and staking programs.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Ampleforth (AMPL)?: Ampleforth (AMPL) is a cryptocurrency that operates on the Ethereum platform and is designed to be price-stable while allowing for supply volatility.
How does Ampleforth maintain its price stability?: Ampleforth adjusts its supply based on demand to target the CPI-adjusted dollar, allowing it to maintain price stability.
What are the key technical features of Ampleforth?: AMPL is a decentralized unit of account and serves as the collateral asset in the SPOT protocol. It also utilizes the governance token, Forth, for protocol management.
What should I know about transferring Ampleforth?: Users should verify the contract address and network before transferring AMPL. Transfers may be irreversible, and self-custody requires secure handling of private keys.
Where can I find official resources for Ampleforth?: Official resources for Ampleforth can be found on their website at https://www.ampleforth.org/ and their technical documentation at https://docs.ampleforth.org/.

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