Ampleforth PriceAMPL

What is Ampleforth (AMPL)?

Ampleforth (AMPL) is a decentralized cryptocurrency built on Ethereum as an ERC-20 token. It is best described as price-stable but supply-volatile: rather than holding its price perfectly steady through collateral reserves, AMPL targets the CPI-adjusted US dollar and lets its token supply expand or contract so that price tends to revert toward 1 USD. The protocol has been live since 2019 and was originally named Fragments before rebranding to Ampleforth. AMPL is designed as a unit of account and collateral asset for on-chain finance, and it serves as the primary building block of the Ampleforth Elastic Finance Ecosystem. Its supply is elastic, adjusting automatically in response to demand, while holders retain the same proportional share of the network regardless of supply changes.

Key Specifications & Tokenomics

• Name: Ampleforth
• Ticker/Symbol: AMPL
• Blockchain: Ethereum (ERC-20 token)
• Category: Elastic supply / rebasing cryptocurrency, DeFi protocol
• AMPL Contract Address: 0xd46ba6d942050d489dbd938a2c909a5d5039a161
• FORTH Contract Address: 0x77fba179c79de5b7653f68b5039af940ada60ce0
• Supply Mechanism: Elastic supply, rebasing every 24 hours at 2:00 UTC
• Price Target: 1 CPI-adjusted US dollar (2019 base)
• Circulating Supply: 28,274,494 AMPL
• Total Supply: 10.63M AMPL
• Consensus: Ethereum network consensus
• Governance Token: FORTH
• Oracle: Chainlink price feed
• Launch: Live since 2019; co-founded in 2018

Who created Ampleforth?

Ampleforth was co-founded in 2018 by Evan Kuo and Brandon Iles. Evan Kuo is a UC Berkeley graduate in mechanical engineering and computer science and a former CEO of Pythagoras Pizza. Brandon Iles is a former Google and Uber employee who specialized in SEO and machine learning. The engineering team also includes Ahmed Naguib Aly and Nithin. The Ampleforth foundation consists of engineers, academics, investors, and enthusiasts from institutions such as Harvard, MIT, Stanford, and Yale. The project began as an effort to issue crypto assets to gig economy workers, drawing the attention of Pantera Capital, which introduced Kuo to Iles. Ampleforth raised a total of $9.75M across four completed rounds, including support from Brian Armstrong, True Ventures, Pantera Capital, and Huobi.

How does Ampleforth work?

Ampleforth runs on Ethereum and uses an elastic supply mechanism known as rebasing. Every 24 hours at 2:00 UTC, the software programmatically adjusts the quantity of AMPL tokens in every wallet based on the token's price relative to its target of 1 CPI-adjusted US dollar. The supply exists in three states: expansion when price is above $1, contraction when price is below $1, and equilibrium when price equals $1. Price data is supplied through Chainlink, and although AMPL accepts a 24-hour volume-weighted price feed, oracle attacks cannot result in the theft of funds. Because rebases change all wallets proportionally, the token is entirely non-dilutive: a holder who owns 1% of the network continues to own 1% unless they buy or sell. The protocol transfers demand volatility from price to supply, and since 2019 price has consistently returned to target through extreme market conditions.

What makes Ampleforth unique and valuable?

Ampleforth is often mistaken for a stablecoin, but it is not backed by US dollars like USDC or by locked Ethereum assets like DAI. Instead, it is completely algorithmic, meaning assets cannot be forcibly seized or frozen by administrators. The project is modeled after the Ducat, a theoretical currency proposed by economist Friedrich Hayek whose supply would expand and contract to preserve purchasing power against commodities. AMPL targets the 2019 CPI-adjusted dollar, so contracts denominated in AMPL remain stable on a purchasing-power basis over long time horizons. It is chain-agnostic and reportedly less correlated to Bitcoin and other digital assets, and it offers the efficiency and transparency of cryptocurrency while providing protection against price volatility.

What is Ampleforth used for?

AMPL is the primary building block of the Ampleforth Elastic Finance Ecosystem. It is used for lending and borrowing, for the creation of on-chain derivatives, and as collateral. AMPL enables the denomination of stable on-chain contracts without reliance on centralized custodians or buyers of last resort. It also serves as the collateral asset in the SPOT protocol. Holders benefit from the growth of the network through supply rebasing. Like stablecoins generally, AMPL derives value from allowing traders to reduce exposure to extreme crypto volatility, while its team argues users will favor a stable option operated by software rather than a central operator. As adoption grows, the team expects supply changes to become less frequent.

How Is the Ampleforth ecosystem developing?

The Ampleforth ecosystem continues to evolve around its elastic finance model. The AMPL SPOT Protocol represents the next evolution of AMPL, using AMPL as its collateral asset. AMPL greatly simplifies the creation of on-chain derivatives, making traditionally complex operations like tranching safe, transparent, and simple. Community members can participate in staking programs and help answer questions about the protocol. The team is developing services such as decentralized exchanges, lending, and derivatives that could increase the use of AMPL. Governance is handled by holders of the FORTH token through the Forth DAO, with proposals surfaced on Discord or the public forum and finalized by token holder votes.

How to mine Ampleforth?

AMPL is not mined. It is an ERC-20 token on Ethereum with an elastic supply, so no proof-of-work mining process exists for it. Instead of mining, the supply is adjusted through the rebasing mechanism, which automatically increases or decreases the number of tokens in user wallets every 24 hours at 2:00 UTC. Users obtain AMPL by purchasing it on supported platforms or through swaps, and holders can participate in staking programs and community governance. Because rebases are proportional, holding AMPL does not require any mining hardware or validator operation, and the token remains non-dilutive regardless of supply adjustments.

How to keep your Ampleforth Coin safe?

Because AMPL is an ERC-20 token on Ethereum, it can be stored in compatible wallets that support Ethereum-based assets. Users should always verify the official AMPL contract address before transacting and be cautious of fake tokens with similar names. Since rebasing changes wallet balances daily, holders should use wallets that correctly display elastic supply tokens so balances update accurately. Hardware wallets and non-custodial wallets give users direct control over private keys, reducing exposure to custodial risks. Users should never share seed phrases, should double-check URLs when visiting official resources, and should stay informed about protocol updates through official documentation and governance channels.