Buy Ampleforth (AMPL)
What is Ampleforth?
Ampleforth (AMPL) is a decentralized financial ecosystem built on the Ethereum blockchain. It is designed to provide a foundation for the digital economy by using a price-stable but supply-volatile mechanism. AMPL targets a CPI-adjusted dollar and is used as a unit of account and collateral asset .
How does Ampleforth work?
Ampleforth uses an elastic supply mechanism known as "rebasing" to maintain price stability around an adjusted CPI value. The protocol automatically increases or decreases the circulating supply of AMPL tokens based on the market price, which occurs once daily. This adjustment ensures that the price of AMPL reverts to its target, without reducing holders' proportional ownership of the total supply .
What are the potential use cases for Ampleforth?
Ampleforth has several potential use cases in the realm of decentralized finance (DeFi), including:
- On-chain lending and borrowing: AMPL can be used as collateral for decentralized stablecoins and derivatives .
- Medium of exchange: Its elastic supply allows AMPL to scale to meet user demand globally .
- Collateral asset: Ampleforth serves as a unit of account in various protocols .
- Arbitrage opportunities: The supply adjustments provide price arbitrage opportunities for traders .
What is the history of Ampleforth?
Ampleforth was founded in early 2017 by Evan Kuo and Brandon Iles. The platform aimed to create a self-sustaining unit that retains purchasing power over time. Ampleforth raised about $10 million through initial coin (ICO) and exchange offerings (IEO). It was launched in June 2019 and has since formed partnerships with platforms like Uniswap and Chainlink .
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Frequently Asked Questions (FAQs)
What is the current price of Ampleforth (AMPL)?
The Ampleforth price is $1.8074 AUD, representing a +4.69% from the day prior.
Where is the best place to buy Ampleforth (AMPL) in Australia?
The best place to buy Ampleforth (AMPL) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Ampleforth (AMPL) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Ampleforth (AMPL)?
The trading volume of Ampleforth (AMPL) is $3.2M AUD in the last 24hrs, representing a +4.69% from the day prior.
How can I buy Ampleforth (AMPL)?
Ampleforth (AMPL) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Ampleforth (AMPL)?
The current market cap of Ampleforth (AMPL) is $298.6M AUD.
Can I convert Ampleforth (AMPL) to cash?
Yes - With Coinstash you can convert your Ampleforth (AMPL) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Ampleforth (AMPL) are there?
The current circulating supply of Ampleforth (AMPL) is 167.2M.
Is Coinstash a safe place to buy Ampleforth (AMPL) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Ampleforth (AMPL) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.