Ampleforth

Ampleforth

Ampleforth as it introduces a noncollateralized stablecoin called Amples. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$20—30m (Dealroom.co estimates Jun 2019.)
San Francisco California (HQ)
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Ampleforth operates in the decentralized finance (DeFi) market, providing a unique digital currency known as AMPL. Unlike traditional cryptocurrencies, AMPL's supply adjusts daily based on market demand, aiming to maintain a stable purchasing power by targeting the CPI-adjusted 2019 USD. This adaptive supply mechanism helps mitigate volatility, making AMPL a more stable medium of exchange and store of value.

The company serves a diverse range of clients including individual investors, traders, and decentralized applications (dApps) that require a stable digital asset. Ampleforth's business model revolves around the issuance and governance of its native tokens, AMPL and FORTH.

FORTH is a governance token that allows holders to participate in the decision-making process of the Ampleforth protocol through the FORTH DAO (Decentralized Autonomous Organization). This includes voting on protocol changes, fund allocation, and other key aspects of the ecosystem's development. The DAO also controls a treasury, which can be used for initiatives like protocol-owned liquidity, ecosystem development, and marketing.

Ampleforth generates revenue through the minting of new FORTH tokens, which are subject to a maximum annual inflation rate of 2%. The proceeds from these emissions are managed by the DAO and can be allocated as decided by the token holders.

Keywords: DeFi, adaptive supply, digital currency, AMPL, FORTH, DAO, governance, stable asset, treasury, ecosystem development.

Tech stack

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