AMPL is a cryptocurrency and financial building-block. Much like Bitcoin, it is algorithmic and uncollateralized. However unlike Bitcoin, AMPL can be used to denominate stable contracts.
The Ampleforth protocol translates price-volatility into supply-volatility. This means the number of AMPL tokens in user wallets automatically increases or decreases based on price:
These supply adjustments are called "Rebases" and rebases occur once each day. When the AMPL network grows you'll automatically have more tokens, when the AMPL network shrinks you'll automatically have fewer tokens, but the price per AMPL will tend to cycle around $1. This novel rebasing mechanism is what allows AMPL to be used in contracts.
"AMPL is an independent financial primitive that does not rely on centralized collateral or lenders of last resort. It's like Bitcoin, except it can be used in contracts."
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Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
This offer is based solely on information provided by the offeror and other publicly available sources.
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