Ampleforth AMPL

Ampleforth is a digital asset protocol on the Ethereum blockchain that creates a decentralized unit of account called AMPL. It is designed to be a smart commodity-money and is funded by various investors. AMPL tokens are the main component of the Ampleforth Elastic Finance Ecosystem. For more information, you can visit their website or follow their Twitter or Telegram accounts.

Ampleforth is unique compared to other cryptocurrencies because it bridges the gap between floating-price tokens and stablecoins. It achieves this through smart pools that account for its elastic supply. This allows Ampleforth to trade both like a floating-price token and a stablecoin without experiencing impermanent loss. This feature makes Ampleforth a compelling crossover currency and a useful base trading pair token on generalized automated market makers (AMMs). Additionally, Ampleforth shares a dedication to creating decentralized, efficient, and fair monetary tools with Compound, another cryptocurrency platform.