Ampleforth is an Ethereum-based cryptocurrency with an algorithmically adjusted circulating supply that attempts to incentivize a network of users to maintain a crypto asset with a value equal to the U.S. dollar. Ampleforth aims to provide a truly non-correlated asset that can be used for diversifying cryptocurrency portfolios, as a reserve collateral for decentralized finance applications and eventually as an alternative to central-bank money that is resistant to shocks. It is designed to be the base money of the new decentralized economy, by providing an asset that cannot be diluted by supply inflation and remains decoupled to the price action of other cryptocurrencies—and Bitcoin in particular. With Ampleforth, token holders own a fixed fraction of the total AMPL circulating supply, rather than a fixed number of tokens.
Distinct Movement Pattern
Ampleforth is an algorithmic reserve and monetary supply policy, creating a non collateralized stablecoin called Amples.
When the protocol detects that the price of AMPL is too high, it increases the circulating supply, whereas the supply is decreased if the price is too low.
AMPL is elastic and non-dilutive—the supply can change, but users retain the same proportion of the overall supply.
Much like Bitcoin, it is algorithmic and uncollateralized. However unlike Bitcoin, AMPL can be used to denominate stable contracts.