AmpleForth Protocol:A New
Synthetic Commodity !
What is AmpleForth ?
Ampleforth is a digital-asset-protocol for smart commodity-money.The Ampleforth protocol receives exchange-rate information from trusted oracles, and propagates that to holders of its units (Amples) by proportionally increasing or decreasing the number of tokens each individual holds.
For traders, these changes in exchange-rate and quantity translate into changes in Ample’s market capitalization. Traders with short time horizons, especially those using automated or algorithmic approaches, will thus have to devise new strategies to trade Amples.
Ampleforth aims to preserve the unit of account and currency properties of its tokens. Instead of pegging to a fixed supply of fiat fund, Ampleforth’s Amples have an elastic supply based on demand. The Ampleforth protocol always seeks a price-supply equilibrium, and will automatically enter a state of unrest until it finds one.
The way it works is pretty simple: if you bought 1 Ample at $1, and the demand for the token pushed the price up 100%, you’d now have 2 Amples instead of one. If the price of an Ample went back down, you’d likewise lose your extra Amples. You still experience losses and gains, but you know that the one Ample you bought will buy you a dollar’s worth of goods no matter what happens in the future. The concept is called a “noncollateralized stablecoin,” and differs from other stable coins in its approach.
Ampleforth is conducting IEO on ethfinix from June 13th,2019
More info can be found at: https://www.ampleforth.org
White Paper: https://www.ampleforth.org/paper/
