The governance token of Ampleforth (AMPL) is FORTH. FORTH holders have the option of voting on proposed amendments to the Ampleforth protocol themselves or appointing representatives to vote on their behalf.
AMPL is the first rebasing cryptocurrency ever created. AMPL, like Bitcoin, is a non-dilutive currency. In contrast to Bitcoin, AMPL can be used to denominate contracts with a known value. FORTH is the governing mechanism that controls the evolution of AMPL, which is a separate currency that serves as a unit of account.
In April of 2021, the Ampleforth team launched FORTH as a "Day One launch" in collaboration with Coinbase. Coinbase’s stats has put FORTH on #8 on its most held tokens, slightly above Bitcoin Cash.
FORTH is currently trading at $9.69 and was first traded on April 20, 2021. There are 9,718,565.55 in total supply. It has a market capitalization of $145,393,425.81 dollars.
FORTH has been listed on several cryptocurrency exchanges, but unlike other major cryptocurrencies, it cannot be purchased directly with fiat currency. However, you may still buy FORTH by first purchasing Bitcoin on any fiat-to-crypto exchange and then transferring to an exchange that trades FORTH. In this guide article, we will lead you through the procedures to purchase FORTH in detail.
Is Ampleforth Governance Token (FORTH) worth Investing In?
When we look at the project that FORTH is backed by, we can answer the question of whether it is a good investment. Ampleforth's goal is to take reliable contracts to the next level by removing any centralized collateral or central bank partnerships. Ampleforth is similar to Bitcoin, however it can be used in contracts, as they have said on their website and other community pages. This means that AMPL, the native money, is far more reliable than bitcoin while remaining as decentralized as bitcoin.
Stability is provided using a one-of-a-kind system in which the currency's supply grows if the price exceeds $1. Similarly, when the price falls, the supply falls. As a result, the supply fluctuates on a daily basis to keep the price consistent.
Overall, the idea is rather good, and it has attracted the attention of big names like Brian Armstrong, Pantera Capital, Huobi Global, and others.
SignUp to KUCOIN for a Free Multi-Crypto Wallet with advanced Trading options and Buy and own Ampleforth (FORTH) Token and/ or AMPL??
SIGNUP FOR KUCOIN USING MY LINK?? http://www.kucoin.com/land/register/r/rJUPYN4
BEST ALTERNATIVE BINANCE EXCHANGE/ CRYPTO WALLET??https://www.binance.com/en/activity/referral-entry?fromActivityPage=true&ref=LIMIT_RL2AIUAA
My Calculations are Backed by https://coinmarketcap.com Today 12/16/2021.
