How to explain AMPL as easy as we could? Well as a crypto newbie I would simply say... Ask uncle google, lol.
But let's try and put something together so we can have a contest entry, right?
SO... ELI5AMPL
AMPL aka Ampleforth is a cryptocurrency that fights volatility (high and quick price amplitudes) on a long term by it's elasticity. The idea is that the token supply varies (goes up or down) depending on it's demand. Which according to it's creators have the power to fight long term volatility and keep the price stable.
I myself can hardly understand the whole meaning of that but i guess there is some sense into it.
One other thing that I would love to speak of is the future of AMPL. What do you guys think? Will it last? I think yes. And not just yes but I think it will have a major impact on the market as a crypto asset. Why? Because of the people that support stablecoins. Even if AMPL is not supposed to be treated as a stablecoin it gives quite the feeling that it could replace stablecoins. Why? Good question. While stablecoins are mostly bond to the price of the Fiat currencies Ampleforth is not. Which means that if the price of the Dollar let's say goes down so will the price of Tether USDT (The most trusted stablecoin). Meanwhile AMPL will keep it's worth and not just that, it will continue it's expansion. Having such a thought is making AMPL straight away a desirable peace of any crypto-folio. Correct me if I'm wrong.
The written upwards is just my way of seeing AMPL and its future so please don't take my words as 100% truth. If I am making a crucial mistake by writing this please correct me in the comment section below.
Sincerely yours,
Badbot666
