What is Ampleforth?
Ampleforth is a cryptocurrency which has an elastic supply. Elastic supply means that there is no fixed supply, and as demand for Ampleforth (AMPL) increases, more AMPL is issued to maintain stability. This stability makes AMPL more appropriate for smart contact transactions.
However, unlike inflationary currencies, when demand increases AMPL issues new coins to holders based on their current holdings. For example, if demand for AMPL goes up 20%, AMPL holders will see their holdings grow by 20%, thus maintaining price-per-coin stability.
This elastic supply protocol is based on Ethereum smart contract technology to ensure the automated issuance of new AMPL tokens on a daily basis, based on the changes in demand.
While AMPL holders can earn more coins by simply holding and waiting for demand-linked inflation payouts, they can also provide AMPL tokens as liquidity for decentralized markets and exchanges.
