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Ampleforth protocol is a set of instructions on the Ethereum blockchain that produces a decentralized unit of account called AMPL. The AMPL token is the primary building block of the Ampleforth Elastic Finance Ecosystem. It is used for lending & borrowing, for the creation of derivatives, and as collateral for a decentralized stablecoin. AMPL's price targets the CPI adjusted 2019 USD, but the number of AMPL tokens in user wallets automatically increases or decreases based on demand. AMPL will deviate from its target when market demand indicates there is too much or too little supply, but the price per AMPL will always eventually return to its long-run target.
Use cases of AMPL:
Ampleforth's current price is $ 1.16, it has increased +2.08% over the past 24 hours.
Ampleforth's All Time High (ATH) of $ 4.03 was reached on 12 Jul 2020, and is currently -71.2% down.
The current circulating supply of Ampleforth is 48.84 Million tokens, and the maximum supply of Ampleforth is 53.71 Million.
Ampleforth’s 24 hour trading volume is $ 225.66 Thousands.
Ampleforth's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 56.74 Million.