A detailed description and exchange rate of Bitcoin Ampleforth (AMPL)

Ampleforth is a digital-asset-protocol for smart commodity-money. The Ampleforth protocol receives exchange-rate information from trusted oracles and propagates that to holders of its units (Amples) by proportionally increasing or decreasing the number of tokens each individual holds.

For traders, these changes in exchange-rate and quantity translate into changes in Ample’s market capitalization. Traders with short time horizons, especially those using automated or algorithmic approaches, will thus have to devise new strategies to trade Amples.

Ultimately, unique trader behavior in response to the protocol’s incentives is expected to produce a step-function-like movement pattern with lower correlation to Bitcoin than existing digital assets. This makes Amples uniquely suited for the following near, medium, and long term uses.