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Review on Ampleforth by Murat Mircalı

Revainrating 4 out of 5

Review on Ampleforth

I think Ampleforth is a seriously interesting project.
Ampleforth is a cryptocurrency that tries to find money again.
The protocol's token is AMPL, designed to be a safeguard for decentralized banking and a usable base currency for the crypto-economy. We know AMPL is an ERC-20 token on Ethereum. In fact, one of the aims of the project is to keep the AMPL indexed to $ 1, and it cannot be said that they fully achieved this. When the price of AMPL rises (when it goes above $ 1), it increases the supply, thus becoming the closest value to $ 1. The opposite is also true if the price falls (below $ 1) it reduces supply and becomes close to $ 1. We cannot say that the project is able to fully balance this because we see that the current value is $ 0.881376 USD and they cannot raise the supply very much.
AMPL protocol automatically adjusts supply according to demand. When the price is higher, wallet balances increase. When the price is lower, wallet balances drop.
AMPL is not a diluent. Procurement adjustments apply universally and proportionally to each wallet's balance. This means that your ownership percentage on the network remains constant.
Today's cryptocurrencies are dangerously related. AMPL's unique incentives allow Bitcoin to depart from the price model. This adds diversity to a homogeneous ecosystem, reducing systematic risk.
Like precious metals, today's fixed supply cryptocurrencies are vulnerable to spikes in demand and cannot be used to refer to complex contracts. As a result, developed economies cannot be built on them. AMPL is the simplest direct solution to the elasticity of supply problem.
AMPL's unique incentives, movement pattern and monetary qualities make it ideal for the following near, medium and long term use cases.
img 1 attached to Ampleforth review by Murat Mircalı



Pros
  • Adaptive money
  • Supply and money production according to demand
  • The number of AMPLs you have can change every day
  • Speculative
  • Rules Based
  • Bankless
  • AMPL is the simplest direct solution to the elasticity of supply problem.
  • Systematically reduces risk.
Cons
  • The number of AMPs you have may have decreased by one day

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