Ampleforth (AMPL)

Ampleforth (AMPL) is a cryptocurrency created by the US-based project of the same name. Founded in 2020, the team behind the project is aiming to create an incredibly stable form of digital currency with a fully autonomous protocol. Ampleforth is designed to earn money for holders by increasing and decreasing in value with a fixed supply. Ampleforth is currently led by Evan Kuo, a former CTO at OpenSea and a Blockchain Architect at ErisX. The main idea behind the project is to create a digital asset that has a predictable and stable supply regardless of market conditions. This will be achieved through an algorithmically-driven adjustment to the circulating supply of AMPL, based on the project's proprietary price-feed model. What sets Ampleforth (AMPL) apart from other cryptocurrency projects is the use of their proprietary rebasing algorithm. This algorithm is designed to automatica lly increase and decrease the amount of tokens in circulation based on the daily average market price. If the market price of AMPL goes up, the number of tokens in circulation will decrease, and vice versa. This system helps to maintain the stablecoin's peg to the USD. Ampleforth can be used for a variety of purposes. It is used both as a payment method in the cryptocurrency markets, and as a store of value. It is seen particularly useful in the cryptocurrency world, since the protocol used in AMPL is highly decentralized and thus independent of any government control. It can also be used to hedge against the volatility of other assets. AMPL tokens can be bought or sold on a variety of exchanges, including Binance, Bitrue and Gate.io. One of the most popular method for purchasing them is through the use of credit cards. They can also be purchased with fiat currency, such as USD or EUR, on exchanges like Kraken. All in all, Ampleforth is a promising cryptocurrency project that aims to bring a balance between the price volatility inherent in most digital assets and the stable value promised by the USD. Its unique rebasing algorithm is the main reason why this project has attracted so much attention since its launch and shows great promise of its future success.