Ampleforth

Overview of Ampleforth

Ampleforth is mentioned in the Domesday Book as belonging to the Archbishop of York, but that the land was possibly waste.[4] The name ‘Ampleforth’ derives from a combination of the Old English words ampre (sorrel) and ford meaning ‘(place by) ford where sorrel grew.’[5]

Ampleforth has a market cap of $ 386,725,493, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 1,066,448,189,034, Litecoin at $ 17,871,454,000, Ethereum at $ 321,033,061,389, Tether at $ 51,149,518,099, and XRP at $ 72,044,216,355.

Ampleforth believes that this property makes it suited as a new type of base money for the digital economy — similar to how gold was previously used as the base money to many fiat currencies prior to the dissolution of the Bretton Woods agreement.

Ampleforth asserts itself as an independent financial primitive that operates without the need for centralized collateral or lenders of last resort — like Bitcoin, but suitable for use in contract applications due to its inherent stability.

Ampleforth College, an independent school also established in 1802, has produced notable alumni which include Downton Abbey creator Julian Fellowes, Rugby World Cup winner Lawrence Dallaglio, and actors Rupert Everett and James Norton.

Ampleforth is a village and civil parish in the Ryedale district of North Yorkshire, England, 20 miles (32 km) north of York.[2] The village is situated on the edge of the North York Moors National Park.

Ampleforth polls a set of reliable oracles every 24 hours to get real-time information on nominal exchange rates between various cryptocurrencies and uses that to establish what they call a price-supply equilibrium.

Ampleforth was founded by Evan Kuo, an experienced product manager and serial entrepreneur that holds a bachelor of science (BS) in mechatronics, robotics and automation engineering from UC Berkeley.

Ampleforth has the investment backing of a few of the biggest names in the industry, including True Ventures, Pantera Capital, Huobi Capital, and even Brian Armstrong, the CEO of Coinbase himself.

Ampleforth (AMPL) has been one DeFi-related token that has been garnering significant popularity in recent weeks, with attractive annual staking yields leading to an influx of new investors.

Blockchain

As the DeFi ecosystem expands, protocols like Ampleforth may generate growing interest.The elastic, non-dilutive nature of the Ampleforth protocol makes it unique within the stablecoin ecosystem as a reliable stablecoin option that is less reliant on the legacy financial systems that cryptocurrency and blockchain aim to improve on.The Geyser initiative caters to Uniswap AMPL/ETH liquidity providers (LPs), allowing them to stake their LP tokens on Geyser to receive additional AMPL tokens.To accelerate adoption, Ampleforth crypto protocol incentivizes on-chain liquidity through its Geyser program.

Mine

Beyond this, the integrity of the Ampleforth network is maintained by a decentralized network of oracles, which are used to feed in the price data used to determine whether there needs to be a positive or negative rebase.

Network

Support

“The greater the complexity of an ecosystem built on fixed supply assets, the greater the risk of cascading failure.“Volatility for fixed supply assets like gold, silver, and Bitcoin result in volatility.AMPL was designed to be the simplest, direct solution to the supply inelasticity problem.”For this reason, sudden shocks in demand can destabilize ecosystems supported by fixed supply assets,” said Ampleforth CEO Evan Kuo.Sudden shocks in demand can destabilize ecosystems supported by fixed supply assets.

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Ampleforth (AMPL) Adaptive Money: The Next Big Thing in DeFi?

Ampleforth (AMPL) has introduced what many might consider a paradigm-shifting invention in the world of finance and economics.Let’s dive deeper.

Ampleforth for Collateral?

The braniacs on the Maker team should take a look at Ampleforth as a collateral type.Not sure the time is right.It needs to mature a bit but the whole idea is to create a currency uncorrelated to the crypto market with perfectly elastic supply.It's not a stablecoin but it will have stablecoin features as the price targets $1.00 by adjusting supply in a non-dilutive fashion to the AMPL holders.Could eventually be a great collateral for Maker.It's a bit of a mindbender when you first get involved.

Ampleforth Geyser: What is it?

Ampleforth Geyser is a smart faucet that incentivizes liquidity providers to supply AMPL to a Uniswap pool.It is brought about through a collaboration between the Ampleforth Foundation and Uniswap.

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How do I get AMPL tokens?

Aside from getting AMPL tokens during the rebase process (though this requires you to stake some AMPL in the first place), people can also buy AMPL from cryptocurrency exchanges.Here are the major exchanges that offer AMPL tokens for sale: Uniswap (v2), KuCoin, FTX exchange and Bitfinex.Learn more about our picks for the top best cryptocurrency exchanges of 2020.

How does AMPL Work?

AMPL’s smart contract automatically increases and decreases its money supply.And it accomplishes this without the need for a central bank.Indeed, one of the loftier goals is for Ampleforth to become an alternative to the central bank.So, what happens is wallet balances increase when the price of AMPL is high.And they decrease when the price is low.But that does not mean AMPL is dilutive.

How does Ampleforth work?

Oddly enough, Ampleforth is one of the few DeFi projects that is much easier to understand at the technical level than at the conceptual level.In a nutshell, the supply of Ampleforth is modified on a daily basis (at 1pm EST to be exact) to match demand using a smart contract (rebase).

How does it work?

There are 3 states that the Ampleforth protocol can be in, these are expansion, contraction or equilibrium.Before we explain how they work let’s introduce one more concept – price oracles.

How does the protocol work?

The Ampleforth protocol translates price-volatility into supply-volatility.

How Is the Ampleforth Network Secured?

As an ERC-20 token, Ampleforth is built on top of the Ethereum blockchain, and benefits from the strength and security that comes with its extensive node and miner network.

How Many Ampleforth (AMPL) Coins Are There in Circulation?

Unlike the vast majority of cryptocurrencies, Ampleforth does not have a fixed minimum or maximum supply.Instead, the number of AMPL tokens in circulation will continue to grow if the price stays above $1, whereas it will continue to shrink if it is below $1.

Is AMPL a Stablecoin?

AMPL utilizes price targeting but that does not make it a stablecoin.Its target price is the U.S.dollar in 2019.So, accounting for inflation in 2020, that target is approximately $1.011.This means that as demand for AMPL tokens increases, the supply also increases.All of this occurs so it can return to its original price target.

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What Are the Benefits of Ampleforth?

The inherent qualities of the protocol make AMPL a unique value proposition for a range of different purposes.Here are just a few.

What Challenges Lay Ahead?

While the concept behind Ampleforth might be one that’s worthwhile, the project will certainly have to overcome a lot of challenges.

What do we mean by Stable Contracts?

Let’s go through a simple example.Imagine Evan and Micah enter into a bet: “If the Lakers make it to the 2022 NBA conference finals, Micah will pay Evan 10 coins.Otherwise, Evan will pay Micah 10 coins.

What Does This Mean?

Ampleforth has always been on a path towards decentralization; this is yet another step forward in this journey.Removing upgradability of the token enshrines the protection of the ledger, such that it can only be modified by normal transfer and rebase operations, and nothing else.This protects the integrity and simplicity of the system and protects the protocol to function as it was originally designed.

What Is Ampleforth (AMPL)?

Ampleforth is an Ethereum-based cryptocurrency with an algorithmically adjusted circulating supply.It is designed to be the base money of the new decentralized economy, by providing an asset that cannot be diluted by supply inflation and remains decoupled to the price action of other cryptocurrencies—and Bitcoin (BTC) in particular.

What is Ampleforth (AMPL)?

Stablecoins are a form of crypto asset designed to maintain a particular price — most often that means keeping parity with the U.S.dollar or another fiat currency.The mechanisms used to ensure price stability differ across the stablecoin ecosystem.Stablecoins like U.S.Dollar Coin (USDC) and Gemini Dollar (GUSD) are backed by audited holdings of U.S.dollars.Crypto assets like Paxos Gold (PAXG) represent another type of asset-backed stablecoin that represents physical commodities.

What is Ampleforth used for?

Although it is designed to be the ultimate form of money and eventually seeks to compete to be the world’s currency, Ampleforth is not exactly accepted as legal tender at your local grocery store (yet).For the time being, Ampleforth’s primary use cases are within cryptocurrency.

WHAT IS AMPLEFORTH?

Ampleforth is a digital-asset-protocol for smart commodity-money.AMPLs are designed to be suitable for use as a “base-money,” a form of collateral to be used as part of a centralized or decentralized banking system, similar to how gold was used before the collapse of Bretton Woods except macroeconomically friendly.

What is Ampleforth?

Ampleforth is a cryptocurrency which adjusts its supply based on demand.Ampleforth is built on the Ethereum blockchain as an ERC-20 token and each AMPL token is referred to as an Ample.When demand goes up, the total supply of AMPL increases and when demand goes down its total supply decreases.

What is Ampleforth?

The Ampleforth token, AMPL, is a cryptocurrency which adjusts its supply automatically depending on market demand to reduce volatility.The supply of AMPL adjusts daily in response to market conditions.The Ampleforth platform allows you to trade and stake AMPL to facilitate utilization of the token for purchases as a medium of exchange.

What is Ampleforth?

Ampleforth is a digital currency that allows for the supply to adjust itself based on market conditions in order to keep its price stable over time.Per its creators, AMPLs monetary policy is an innovation at the intersection of technology and economics.AMPL is an ERC-20 token, based on the Ethereum blockchain that is ultimately designed to improve upon the usability of digital currencies.Rather than stabilizing the price of AMPL through collateralizations, like a stablecoin that is hard-pegged to a real-world asset like the dollar, the team at Ampleforth has developed an algorithm that allows the daily supply to fluctuate in accordance with current market conditions.If the price is high, the protocol will issue more tokens, and wallet balances will decrease.Alternately, if the price of AMPL drops, the protocol will burn tokens to drive the price up.As a non-dilutive currency, AMPL token holders’ overall percentage hold of the asset never changes, as the deliberate fluctuation is applied universally.Like other blockchain-based payment tokens, AMPL is designed to be bankless and self-custodial and operates on a peer-to-peer platform similar to Bitcoin or Tether.It is a simple system designed to be a functional method of value exchange.The mathematical approach is designed to remove the vulnerabilities inherent in a typical cryptocurrency regarding volatility, without the need to rely on a fiat currency to back them, so its value does not correlate to other asset classes.

What Makes Ampleforth Unique?

Ampleforth is unique in that it aims to provide a truly non-correlated asset that can be used for diversifying cryptocurrency portfolios, as a reserve collateral for decentralized finance (DeFi) applications and eventually as an alternative to central-bank money that is resistant to shocks.

What problem does Ampleforth solve?

The properties of a base money influence the behavior of the financial stack built on top of it.Ampleforth is designed to be a base money that combines two previously incompatible properties: elastic supply and rules-based governance.The Ampleforth Foundation is building pieces of the financial stack that take advantage of this unique combination of attributes, further expanding what decentralized finance can accomplish.

What’s the Goal of Ampleforth?

In 1944, the face of money changed forever.At a conference in Bretton Woods, New Hampshire, the countries that make up the United Nations decided to abolish the gold standard, leading to the introduction of the exchange rate regime in place today.

What’s Ampleforth (AMPL)?

In straightforward terms, AMPL is a digital currency that adjusts its supply based on market conditions.It’s essentially a decentralized protocol that will inflate or deflate the existing AMPL tokens in circulation based on the current market conditions.

What’s Wrong With Fiat?

Fiat currency is currently what we’re used to when it comes to exchanging goods and services.If you want to buy an item or someone to do something for you, then you’d typically have to pay them using fiat currency.So far, so good.

Where Can You Buy Ampleforth (AMPL)?

Ampleforth tokens, sometimes known simply as amples, can be purchased and traded on well over a dozen cryptocurrency platforms against both other cryptocurrencies and fiat assets.As it stands, KuCoin is the most popular centralized exchange for AMPL, whereas Uniswap is the most popular decentralized exchange for AMPL.

Who Are the Founders of Ampleforth?

Ampleforth was founded by Evan Kuo, an experienced product manager and serial entrepreneur that holds a bachelor of science (BS) in mechatronics, robotics and automation engineering from UC Berkeley.

History of Ampleforth

In 1086 the Archbishop of York held
a ‘manor’ and 3 carucates in AMPLEFORTH which had once belonged to
Ulf (fn.

In 1285 certain lands here
were in the fee of Mowbray.

In 1427
Richard Pickering was holding both Ampleforth and
Oswaldkirk (fn.

In 1562 the Earl of Rutland granted a manor in
Ampleforth to Thomas Fox, (fn.

In 1764 Dom John Bolton, a Benedictine, went
to Gilling Castle as chaplain to the Hon.

In 1832 Frances, elder daughter of Charles Duncombe first Lord Feversham, married Sir Thomas
Digby Legard, evidently bringing him the lands in
Ampleforth as her dower.