What is Ampleforth?

Symbol: AMPL · Market cap rank: #1466

Short answer

Ampleforth (AMPL) is a cryptocurrency currently ranked #1466 by market capitalisation.

Source: isthiscoinascam.com

Overview

Ampleforth is a digital asset protocol designed as a form of smart commodity money. Founded in 2018, it utilizes a unique elastic supply mechanism, which allows the AMPL token's supply to adjust based on its price relative to a target value of 1 USD.

The AMPL supply increases or decreases daily depending on price deviations, affecting the number of tokens held by each wallet on a pro-rata basis. This mechanism aims to create counter-cyclical trading pressure and maintain a degree of independence from other cryptocurrencies, such as Bitcoin. The protocol does not specify a supply cap or traditional governance model.

Scam-risk analysis

Ampleforth has a moderate score — some risk signals were raised but no critical concerns. Is Ampleforth a scam?

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