Ampleforth ($AMPL), A next-generation algorithmic Stable coin and store of Value

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Avatar for thesatoshistore
3 years ago

Ampleforth unlike other stable coins, has an inelastic supply and so the total supply rises and drops according to the price of the dollar.

With Ampleforth, when you buy $100 worth of AMPL and the price drops, the algorithm prints out more Ampleforth so your share of the total supply increase. So if you buy 100 AMPL at 1$ and it drops to 0.50$, you automatically get more AMPL in your wallet so now you have 200 AMPL which is still worth 100$.

AMPL makes sure you always have the same % of the total supply whenever they print more or when they burn tokens

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With fears rising about USDT and other stable coins not being backed completely by the dollar, a new kind of stable coin has emerged to solve this problem.

It's a new kind of way to hold value and a lot of users are flocking towards it. You can also earn more AMPL by providing liquidity on Uniswap AMPL/ETH and stake your AMPL for more rewards.

This seems to be a way better option than USDT, USDC, TUSD, and other stable coins that are centralized and can be manipulated.

I hope you found this post useful? If you did then smash the subscribe button and upvote for more posts like this. Cheers guys!

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3 years ago

Comments

Ampleforth could advertize its project successfully. Thanks to its algorithm, it's highly unique. DAI and AMPL are my favorite stablecoins for now :)

$ 0.00
3 years ago

I like DAI but it's not really stable, if you hold a lot you will notice it, it's only for people who own small amounts. AMPL on the other hand, it doesn't matter what the price is, I've had some ampl and it has really been acting more stable than DIA

$ 0.00
3 years ago

Well that's something new for me 🧐 I'm just checking it out in other tab. Thanks for sharing this with us 🙏

$ 0.00
3 years ago

This is way better than the other stable coins. It adjust base on market price. Awsome. . I just have this question in mind.

If it drops to 0.50$ you'll get more #AMPL And if it bounce back to 1$ again what will happen? Does the AMPL you get from drop of 0.5$ will be back to them ? 😅😅 I am interested that's why I am asking. Hope you don't mind 😁

$ 0.00
3 years ago

When the price goes back up then your wallet will lose some AMPL until it balances back but you will still have a bit more than you had initially

$ 0.00
3 years ago

Awesome 😍. Thank you for sharing ❤️❤️❤️ this such a good stable coin.

$ 0.00
3 years ago

You're welcome

$ 0.00
3 years ago

Keep sharing

$ 0.00
3 years ago