Rank: 89
Market Cap: $245,767,813
ATH: $4.0700, 2020-07-12T20:49:38.893Z
Maximum supply: 345,817,130
Circulating supply: 275,322,920
Contract Address: 0xd46ba6d942050d489dbd938a2c909a5d5039a161
Description:
Ampleforth is a digital-asset-protocol for smart commodity-money.
The smart commodity money with a unique elastic supply protocol. AMPL supply expands and contracts in response to it’s price deviating from a 1 USD target. Deviations result in a supply change of AMPLs once every 24 hours, increasing or decreasing the number of tokens in each holder’s wallet pro-rata. Ampleforth is the only asset in the world with this elastic supply property, and therefore has counter-cyclical trading pressure and is uncorrelated with other digital assets such as Bitcoin.
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