Review on Ampleforth by Francis D.
Ampleforth: Not your ordinary stablecoin and the original rebasing token.
I will give AMPLEFORTH token a 5 because it has special capabilities in the financial system called the 'rebase'. When we say REBASE, instead of the price reacts to the demand, it is the supply that reacts to the demand. Therefore, instead of having a fixed supply, the supply changes everyday. But also, it changes the supply and balances of every wallet in the blockchain every day without dilution. It only means that you still owns the same network percentage everyday unless you buy or sell.
This is a project for you if you are into something that doesn't needs to be monitored everyday because it aims to be stable at 2019 1 USD price. The good news here is that everytime it goes above 1.06 USD or more, the supply changes to more ampl supply. Whereas it shrinks in supply if 0.96 USD below. to catch the peg of price and supply.
I do also invest in the staking part which is the AMPL geyser. You could farm AMPL just by providing liquidity to the geyser. The geyser is audited so you should not worry about it. I believe this coin will be listed in Coinbase soon.
Pros
- Somewhat follows stablecoin
- Rebasing token
- Investors are bigtime crypto giants
- Well-known team
- AMPL Geyser
Cons
- Negative rebase can diminish your money over time short term
- A lot of forks from AMPL making rebase tokens
