AMPL actually confuses me

I don’t understand what it does. I own 23k link because they had good memes in 2018. Can someone explain AMPL to a 90 IQ retard?

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Crypto has two problems, price volatility and supply limitations. Different types of coins solve one problem but not the other. AMPL solves both.

For example, you can buy $10 billion worth of BTC, but it will blow the price up into a period of chop. One hour it'll be $11 billion, then it'll be $8 billion, then it'll be $12 billion etc. This is not attractive to someone who's managing $10 billion.

Stablecoins keep the token price stable, but they're constrained by the supply of whatever they're pegged to. You can't buy $10 billion of USDT because that much USDT doesn't exist.

You CAN buy $10 billion worth of a mature AMPL, and it will blow the price up, but then the rebase will slowly inflate the supply until the price per token returns to $1, during which the total value of your AMPL holding will remain stable. You will eventually end up with 10 billion $1 AMPLs.

AMPL is the first coin that acts like the Fed (is supposed to) work for the USD. Supply is determined by demand, creating stable value AND liquidity.

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This is a when is the music going to stop coin. We will go to 1$. So hopefully I don't get burned just bought. Someone will eventually buy the last rebase, before price dumps and stabilizes for last time.

>This is a when is the music going to stop coin. We will go to 1$. So hopefully I don't get burned just bought. Someone will eventually buy the last rebase, before price dumps and stabilizes for last time.

Like some other user said, there are ~9700 wallets holding AMPL, up from 5600 last week which is pretty impressive.

There are 171,000 wallets holding LINK. We're still so early

user now I don't get it - what the hell is rebase again please? How it makes price go to 1$ again by inflating the supply? There is 340M of these coins, so how it inflates to get price back do 1 buck?
Why I should invest in something that is programmed to inflate so much

please explain.

The algo is always trying to get the price of the token to $1 and keep it there. Every day, the algo looks at the 24-hour average price, and then adjusts the total supply of tokens at a rate that would bring the token to $1 over 10 days. That's the rebase.

If, like these days, the price is above $1, the rebase inflates the supply, devaluing the token. But it also increases all wallet balances by exactly the same percentage, so nobody loses money.

This has the effect of compounding gains during mcap expansion. For example, if you buy 100 AMPL at $2.00 for $200 total, the rebase that day will likely adjust you to 110 AMPL at $1.82 for $200 total. BUT, if buy pressure continues pushing the token price up to $2.00 again, your 110 AMPL are now worth $220 total. And then the rebase puts you at 120 AMPL @ 1.82 etc for $220 total, and if buy pressure puts the token back up to $2.00, you've now got 120 AMPL @ 2.00 = $240 and so on and so on.

That's where anons are making big gains right now.

So doesn’t this encourage people to wait to buy until it’s a dollar again?

So as the price go down I get more of these coins to balance whole thing, or the other way?

Also:

What if the system is out of coins and all of them been issued? How this whole thing works then?

And another one - can I receive coins on exchange wallet or I should stake them somewhere else?

Just buy AMPL everyone. It's like a chance at BTC 2, and also have fuck you money from your pussy link stack. Swing on Uniswap v.2
ampleforth.org/basics/

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