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What can you do with Ampleforth?
Store/Hold Ampleforth
Many users hold on to their Ampleforth with the expectation of it increasing in value. You can store your AMPL safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Ampleforth
You can trade Ampleforth for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Ampleforth trading to meet your needs.
Send Ampleforth
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Ampleforth online and send to anyone and anywhere with their Ampleforth address.
Spend Ampleforth
You can also buy goods and services with your Ampleforth. More and more vendors and retailers accept Ampleforth every day.
Donate Ampleforth
Bitget Charity accepts Ampleforth donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Ampleforth so no one misses out on the growth made possible by blockchain.
Learn More About Ampleforth
You can read more in-depth articles on Ampleforth from Bitget Research and study how cryptocurrencies like Ampleforth work on Bitget Academy
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What is Ampleforth (AMPL)?
Ampleforth is a DeFi protocol on Ethereum that introduces the concept of stablecoin with algorithmically operated supply. The project was created in 2018 by the entrepreneur duo Evan Kuo and Brandon Iles with the aim to maintain the purchasing power of the USD at the year 2019. Due to its unique nature, Ampleforth has gained the interests of Coinbase and Pantera.
How Ampleforth (AMPL) Works
The said stablecoin is called AMPL, and its supply is adjusted at 2AM UTC every day through a process named “rebasing”. In this process, not only the overall supply of AMPL changes, but also the amount of AMPL one has in their own wallet changes. One caveat worth mentioning is that even though the specific amount of AMPL may change in one’s personal wallet, the percentage they own out of the current total supply remains the same. The pros of AMPL is that it is decentralized, it can avoid price volatility in a flexible way, and the algorithmically controlled supply makes it easy to maintain the peg. The cons of AMPL include being difficult to be listed on exchanges, especially centralized exchanges.
Governance of the Ampleforth protocol is administered by the FORTH token.
How Many Ampleforth (AMPL) Tokens Are in Circulation?
At the moment of writing, the total supply of AMPL is 395.5 million and the circulating supply is 46.0 million, taking up about 12% of the total supply.
How to Buy Ampleforth (AMPL)
Consider investing in Ampleforth (AMPL)? It only takes 2 minutes to create an account on Bitget and start trading AMPL.
Check out the available AMP L trading pairs on Bitget!
Spot market
Ampleforth (AMPL) Resources
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