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Portharcourt
4 Level
131 Review
102.5 Karma

Review on Ampleforth by Paul Maduagwu

Revainrating 2 out of 5

Ampl is Experimental

I had to write the review first to be sure I wasn't bias for the pros and cons. Ampl is an experimental project like most crypto projects out there.
The mechanism works to try to stabilise the price of the coin everyday to $1. When the price is above $1, $Ampl is paid to holders through what is called a positive rebase, which in a way increases supply and tries to stabilise the coins price back to $1 by a safe ratio. When the price of $Ampl goes below $1, the opposite happens. A negative rebase.
Also, this model seems to have not accounted for "human greed", There is nothing stopping the major investors taking profit and damaging the system. It's a project that relies in part on Trust of other users of the ecosystem and their trading choices.
img 1 attached to Ampleforth review by Paul Maduagwu



Pros
  • Positive rebases when price above $1.
  • Support by major exchanges.
  • Active social media community.
Cons
  • Seems not to be sustainable.
  • Negative rebase when price below 1$
  • Steep negative price fluctuations.

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