Review on Ampleforth by Ibrahim Sunday
Ampleforth review, 2020
In the last few years, 2 or 3, people have moved focus to crypto currency and decentralized finance. And at same time interested in the decentralized finance projects that fits perfectly to their
Projects protocols make use of technologies like supply-demand based interest rates, flash loans, collateralize stable coins, to mention but few. But this project, Ampleforth takes the spot light because of a better
It is a really complex idea which requires weeks of dedicated studies to fully understand it. It was conceive by Evan Kuo a mechanical engineering graduate
Ampleforth technology is such a way that it adjust its supply based on demand. This is done to maintain its value even amidst the economic pressures of bigger currencies and projects. It is not a stable coin! It runs in this circle "market-policies-balance"
Pros
- It is an independent currency which strives to eliminate the trade of deflections like in the gold market in the united states.
Cons
- Ampleforth cryptocurrency is not yet accepted as a means of exchange in real markets like shops and boutique
