The Ampleforth protocol is designed to increase the supply of this token when the price of AMPL exceeds one dollar, and to reduce the supply of AMPL when the price of this token falls below one dollar; As a result, your inventory also changes. If you have 100 AMPLs and 1% supply correction, then you have 101 tokens and vice versa.
This project is based on a combination of Oracle Chain Link and Compound Defi system, which makes it have a lot of potential. However, both of these have helped Ampleforth experience hype over the past year. This project helps investors make a profit by using the unique feature of supply regulation to create balance.
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.
