Token Ampleforth (AMPL) is another novelty on the growing market of digital assets, and the rules of its operation differ from traditional ones cryptocurrency.
It can be compared to something like a money base or a form of guarantee being part of a centralized or decentralized banking system.
Information that reaches Ampleforth about exchange rates come from certain sources, and based on them increases or decreases the number of tokens at their individual addresses.
Ampleforth is focused on maintaining price equilibrium, without however completely departing from volatility.
What is Ampleforth?
Ampleforth is cryptocurrency token emitted on the platform Ethereum.
Currently, over 6 million are in circulation. Trading in these digital assets, however, differs from traditional trading in cryptocurrencies.
Reliable and verified information on exchange rates is signaled to users of AMPL tokens by increasing (or optionally reducing) their number for individual wallets.
This allows for a price equilibrium without excluding volatility. All current token data, such as exchange rates and supply, can be followed on the Ampleforth website - ampleforth.org.
Trading AMPL is possible on stock exchanges Bitfinex and Ethfinex.
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Ampleforth is not a stablecoin
Although at first glance, AMPL tokens resemble stablecoiny, they really are not.
Their value is variable, which allows them to be included in the group of assets at increased risk.
Therefore, Ampleforth tokens are more similar in structure to Bitcointhan to stablecoina. The volatility in question also depends to a large extent on investors who themselves contribute to an increase or decrease in share prices.
New on the cryptocurrency market - various applications
The AMPL token stands out from the background of other digital resources by its specific marketing character, which requires an appropriate approach and the use of a well-thought-out strategy.
Ampleforth can also have different applications depending on the form of investment. For short-term investments, the token can be used to expand the offer of cryptographic products.
In the medium-term it can be used as bank collateral, and in the long-term it is even possible to use the Ampleforth token as an alternative to funds issued by central banks.