11/21/2024
BTC97,369.0
ETH3,141.82
USDT1.001
SOL241.72
BNB621.79
XRP1.11
DOGE0.38452
USDC1.001
BUSD0.99442

Ampleforth (AMPL) Price

AMPL
4,4
$1.15
Market cap
127,597,461.0
Total volume
637,503
Circulating supply
110,605,818
Total supply
127,361,103
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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