Ampleforth allows you to increase and decrease automatically the volume of an offer without the need for transferring between partners. The Monetary Protocol automatically adjusts the AMPLs for all user wallets, based on price. This means that the number of your AMPLs will change, based on market conditions.
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Description of the Ampleforth project
AMPL — a digital currency that adjusts the offer daily, based on market conditions. The project is based on a smart economy. Monetary Policy AMPL - an innovation at the intersection of technology and economics. The number of your AMPLs may change every day. AMPL automatically adjusts supply in response to demand. When the price is high, wallet balances increase. When the price is low, wallet balances decrease.
Like precious metals, today's fixed-supply cryptocurrencies are vulnerable to sudden surges in demand and can’t be used to enter into complex contracts. As a result, it is impossible to build a complex economy on them. AMPL is the simplest direct solution to the problem of supply inelasticity.
Why you should choose this project:
| Algorithmic | Protocol rules are encoded in smart contracts on Ethereum. Rule-based policymakers take predictable actions and are also an effective means of testing discretionary monetary policy. |
| Simple incentives | The system is transparent and easy to understand. The platform protocol has only two rules for expansion and contraction and depends solely on profit-seeking market participants in achieving equilibrium. |
| Minimal control | The AMPL was designed to minimize the need for management. There is no governance in the supply adjustment cycle because there are no interest rates to adjust or markets to balance. |
AMPL implements the ERC-20 interface and can be used with any native blockchain wallet. The standard interface allows AMPL to integrate with many DeFi application platforms.
Additional information
The site has a White Paper. Also, a separate document is presented, describing the technology of the project. If you want to stay up to date with all innovations, subscribe to the community on these social networks:
- twitter;
- telegram.
You can also leave your e-mail address on the site to receive a newsletter with project news. You can view the smart contract audit on GitHub.