Surfing the Crypto-Kosmos today, I got a little confused...
Apparently one has to be attentive to notice small differences in ticker namess:
AMP is not AMPL!
What is AMP ?
Amp is described as the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for a wide variety of asset-related use cases. Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Where collateral partitions can be designated to collateralize any account, application, or even transaction, and carry balances which are directly verifiable on the Ethereum blockchain, collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed in order to support value transfer activities. ...
What is AMPL ?
Ampleforth is a cryptocurrency which has an elastic supply. Elastic supply means that there is no fixed supply, and as demand for Ampleforth (AMPL) increases, more AMPL is issued to maintain stability. This stability makes AMPL more appropriate for smart contact transactions. However, unlike inflationary currencies, when demand increases AMPL issues new coins to holders based on their current holdings. For example, if demand for AMPL goes up 20%, AMPL holders will see their holdings grow by 20%, thus maintaining price-per-coin stability. This elastic supply protocol is based on Ethereum smart contract technology to ensure the automated issuance of new AMPL tokens on a daily basis, based on the changes in demand. While AMPL holders can earn more coins by simply holding and waiting for demand-linked inflation payouts, they can also provide AMPL tokens as liquidity for decentralized markets and exchanges. ...
As You can see, dear reader, everyday a newbie is becoming more aware and attent to remark slight differences in ticker names, meanwhile also learning more about their differences in value, use cases and more...
Hoping to have added some value for other newbies in Crypto Space, I keep having huge admiration for the good skilled and experienced writers in this great PublishOx Community.
12:49 UTC Thursday 26/08/2021
Thumbnail Image by Gerd Altmann from Pixabay
