Ampleforth
AMPL

1.040
$
12.71 %
Change 24h
Market Cap
$ 107,136,000
Volume 24h
$ 4,529,470
Circulating Supply
102,777,000
Total Supply
8,095,370
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.