Antiample Ampleforth tries to replicate fiat. We want to destroy it.
Manifesto Rather than attempting to recreate traditional financial structures on the blockchain, we should be developing structures that serve as their antithesis. Otherwise, the same problems inherent to the modern financial system will only be replicated once again.
We are seeing this happen in the crypto space already. Projects are no longer deemed interesting without the backing of top tier VCs. Speculators clamor at news of big banking institutions and governments allowing their technology to operate within their system. Is there no more dignity to the crypto movement?
Antiample is an ERC20 token on the Ethereum blockchain. Unlike a regular ERC20 token, Antiample has a constantly reducing supply. Holders of Antiample own a portion of the total supply of the token rather than an amount of Antiample themselves. When the value of 1 Antiample token decreases, the supply is decreased by at least 1%. This causes each Antiample to be worth more.
While Ampleforth issues more tokens based on supply and demand, we constantly destroy it. Cryptocurrency was born on the concept of deflationary assets. Antiample takes this concept to the extreme.
How will the free market behave? How will traders react to a constantly reducing supply? Who knows? What are the limits of our current concept of what a financial system is?
We don't have an answer, but if this intrigues you, you might want to join us to find out.
they even admit that they dont know wtf they are doing but just creating a deflationary coin. this is a blind experiment with no theory behind it - just to be "muh not like ampl"
Aaron Lopez
checked contract. check website, they are actually taking it seriously. updating the site with each burn as well. you fuckers are so stupid. its x2 cause i did a little research and got on board. how do you think you get to the stage of being able to throw 50 eth at a legit presale and assure yourself a x3? by being courageous at the beginning. WOO BABY SUCK MY NIPS
Joseph Brown
pool will be drained soon
Easton Hill
here is another AMPL clone who claim to be a year old but their white paper is written in July 6 2020. 2 man team - only one is an engineer (who has a "team" of engineers). all social media created recently. constantly reference ampl in a passive aggressive tone. but i think it has a better chance than antiample
rebase.capital
Nicholas White
Good, a thread with actual discussion. This thing has 100 ETH liquidity on Uniswap.
Seems like some rich guy's side project. Or maybe we'll all get burned.
What do you guys think? Rug or Moon?
Alexander Peterson
this shit is mooning fast. after a few failed transactions, I got in, but it almost pumped 100% from where I was originally trying.
Cooper Reed
anyone else remember the day when we bombarded biz with FLAG threads demanding mods to add flags? This is why.
Caleb Howard
yeah, welcome to alt season dude. STA was an experiment too. so were the OG deflationary tokens like bomb
this is fucking insane. less than an hour old and pumping like crazy
Nolan Gonzalez
>pumping like crazy >200k Right. Wonder who could be behind this post. People larping as le anarchists destroying "fiat" by creating more "fiat". GENIUS
Evan Williams
It's scam.
Robert Fisher
So it's a coin targeted towards poor stupid students?
