What is Ampleforth? Ampleforth is an elastic supply currency whose supply scales with market cap.
What makes Ampleforth different than other coins and tokens? If you own 1% of the supply, you will always own 1%.
How does the AMPL supply change? AMPL supply changes nightly at 10pm EST, called a rebase. If AMPL price is outside the threshold (currently $0.95-1.05), AMPL supply is changed to bring the average price per AMPL closer to $1.
Are there extra incentives for early adopters? Yes, AMPLs can be staked in the 90 day geyser to help provide liquidity to Uniswap. Stakers will receive rebase reward plus 2x-3x AMPLs locked in the geyser. ampltalk.org/app/forum/ampl-geyser-19/topic/about-the-geyser-21/
What are the goals of the project? In the short term, to be a speculative currency, and in the long term a stable reserve of value that can be adopted by institutions but still have liquidity for everyday transactions.
What developers and private capital backers are with the project? An impressive list of American developers and engineers, along with Brian Armstrong of Coinbase. ampleforth.org/about/
Will I make it with only 250? I wanna double down but this piece of shit never dips
Bentley Reed
Its a jeet token and a borderline scam. The supply will keep inflating and sell pressure will never stop. this makes prolonged pumps impossible. You guys are buying into a scam
Aaron Reyes
look at the mcap retard it's close to all time low
Brody Rogers
The earlier you get in the better. Network % will never get cheaper.
And we're at the beginning of the 90 day pump from the geyser. mcap is only going up for the forseeable future.
Charles Peterson
>.t retard I sold AMPL for $1.90 so I'm biased in the sense that I hope it will dip, but still your post is retarded.
>jeet token American team, CEO and CTO graduated from great universities (Berkeley and Rice). CTO/tech guy worked at Google and Uber for a combined 8 years as senior dev. >borderline scam Backed by American blockchain investment fund Panthera Capital >The supply will keep inflating and sell pressure will never stop That doesn't mean buy pressure can't outweigh sell pressure. The only thing that different is that the rebate will drop more coins in your wallet, which SHOULD translate into more sell pressure over time. If people are selling. >this makes prolonged pumps impossible Nope, see above.
Caleb Wood
>hello needful department? Connections pls to the Ampleforthings
It breaks down basically everything you'd want to know about AMPLs, especially how they stack against other cryptocurrencies.
What's most telling is the devs and initial investors have a 4 year total freeze on their stake, with 6 month thaws, meaning they can't whale dump in the short term.
Over the next 3 months, this is at least free money for holding. Though the devs say they have further plans to pump the mcap after the geyser.
Anthony King
I have 14k amplys kek. And I'm not selling either. Just having a bit of a fud around sir
Jonathan Reyes
This. If no one sells we will be billionaires by the end of the year. 6% a day kek
Charles Moore
Friendly reminder to read up on "impermanent loss" before staking.
tl;dr >greedy play: 100% AMPL >safe but upside limited: staking in uniswap pool + geyser (50/50 AMPL ETH)
Luke Sullivan
most worth is to be 100% for a few days for rebase and then go all in geyser
Based and free money pilled. Though the devs said they have more promotions in the works after the geyser, hopefully a CB listing announcement before the geyser is over. Something to keep the game going.
Jason Murphy
finally, I was waiting when it will be shilled here. I picked this gem up through the podcast of "Abel's Abstracts". Really recommend that.
Lincoln Nguyen
We just broke $2 boys!
Blake Nguyen
Just getting in, I said I wasnt going to get during a pump while it was at $1.40, well that was a mistake to say the least. I am probably going to get burned for buying in now. TLDR should have went with my gut earlier, please dont dump on me.
Liam Davis
anyone knows when will get listed on binance? kraken? coinbase?
Kevin Perez
Haven't found anything yet... Certainly keeping my ear to the ground
Camden Collins
don't worry u still have at least a few more weeks left the train hasn't left the station we are closing boarding soon
