Review on Ampleforth by Douglas Cachazo
Ampleforth AMPL: Project with a macro stabilizing protocol for the currency.
Project founded by young visionary professionals who worked in research and development for Google and another group of brilliant professionals. I think the project is unique in its class because of the interesting concept of its objective, which is a model to face an environment of recession with uncontrolled inflation and the other side of the coin an environment of austerity with disinflation.
Let's take as an example what is happening at the moment worldwide, the dollar has lost ground and gold, which is another asset, also when it should have happened. That is an economic distortion, in the case of cryptocurrencies it is about avoiding excessive purchases and sales of a cryptocurrency at any given time.
For this they have an algorithm that operates on their AMLP token which has a value referenced with the USTD which is 1 dollar, the algorithm using smart contracts without third party intervention or using crypto pairings automatically adjust the supply and demand according to the behavior of the market increasing or decreasing the amount of AMPL in the wallets, if there is an upward trend it increases and if the trend is downward it decreases, that is the idea.
The token is already accepted in Kucoin, Uniswap and Bitfines
Pros
- Unique project is your style
- Behind the project are valuable human assets
- It could be a guide to an economic model
Cons
- At the moment nothing against, you have to wait and evaluate later
