05/28/2024
BTC67,715.0
ETH3,923.76
USDT0.998912
BNB596.71
SOL171.09
USDC1.0
XRP0.537005
DOGE0.171579
BUSD0.999773

Ampleforth (AMPL) Price

AMPL
4,4
$1.26
Market cap
263,163,340.0
Total volume
510,542
Circulating supply
207,996,929
Total supply
243,585,279
Ampleforth stands as a pioneering protocol for digital asset, focusing on the concept of smart commodity-money.

This innovative form of smart commodity money is distinguished by its adaptive elastic supply mechanism. The quantity of AMPL adjusts based on its price fluctuations relative to a set $1 USD target. Any deviation from this benchmark triggers a daily recalibration of AMPL’s supply, either augmenting or diminishing the tokens distributed to each holder's wallet in a proportional manner. Unique in its functionality, Ampleforth sets itself apart by possessing this flexible supply feature, making it exhibit counter-cyclical trading tendencies and ensuring its lack of correlation with other cryptocurrencies, including Bitcoin.
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