AMPL was a digital currency that was launched and distributed in the first initial public offering of Bitfinex. Sales of the token began on June 13, 2019, and a $ 5 million cap was set, which was fully filled in 11 seconds. The initial supply of AMPL tokens was 50 million, which was distributed as follows:
25% of these tokens belonged to the project team and consultants.
23.2% of it was allocated to the growth and development of this ecosystem
20% was designated as the token treasury.
18.5% was allocated for initial sales.
10% was given to buyers during the supply of Bitfinx exchange.
3% was also used for private sales.
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Bitcoin is less volatile than ever
How does Ampleforth work?
The Ampleforth network protocol is always in search of a supply price equation and automatically enters a state of unrest and eventually reaches this equilibrium. This process is done on a daily basis and the Ampleforth protocol changes the price according to the number of tokens held by individuals.
The idea is to encourage both buying and selling to keep prices balanced. If you keep 1,000 tokens for $ 1, then you have $ 1,000, and if the token price doubles in two weeks, you will have 2,000 tokens, which cost $ 2 each; So your entire portfolio will be worth $ 4,000. This encourages the person to sell their token at a significant profit and set the price lower, bringing it closer to $ 1. This idea encourages buying and selling, and this buying and selling ultimately restores the balance to the price. This is an interesting mechanism that has never existed in the world of digital currency.
