Ampleforth

Ampleforth AMPL

$0.7430
Market Cap $ 102.453 MM (#109)
24h Volume $ 4.917 MM
Chg. 24h: 7.30%
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Ampleforth project purpose and description

Ampleforth clarity of purpose

Ampleforth purpose and aspects

Ampleforth is a digital-asset-protocol for smart commodity-money. The Ampleforth protocol receives exchange-rate information from trusted oracles, and propagates that to holders of its units (Amples) by proportionally increasing or decreasing the number of tokens each individual holds.

Ampleforth categories

Smart contractsPlatform

Short description

Ampleforth is a digital-asset-protocol for smart commodity-money.

Abstract

Synthetic commodities, such as Bitcoin, have thus far demonstrated low correlation with stocks, currencies, and precious metals. However, today’s synthetics are also highly correlated with each other and with Bitcoin. The natural question to ask is: can a synthetic commodity have low correlation with both Bitcoin and traditional asset groups? In this paper, we 1) introduce Ampleforth: a new synthetic commodity and 2) suggest that the Ampleforth protocol, detailed below, will produce a step-function-like volatility fingerprint that is distinct from existing synthetics.

Link to Roadmap: https://www.ampleforth.org/map/
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