Ampleforth
AMPL

1.940
$
1.07 %
Change 24h
Market Cap
$ 35,383,800
Volume 24h
$ 2,712,670
Circulating Supply
18,235,400
Total Supply
7,906,500
AMPL
$
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.