Ampleforth AMPL

Smart Commodity Money

Start : 13th Jun 2019 - End : 19th Jun 2019

 

The smart commodity money with a unique elastic supply protocol. AMPL supply expands and contracts in response to it???s price deviating from a 1 USD target. Deviations result in a supply change of AMPLs once every 24 hours, increasing or decreasing the number of tokens in each holder???s wallet pro-rata. Ampleforth is the only asset in the world with this elastic supply property, and therefore has counter-cyclical trading pressure and is uncorrelated with other digital assets such as Bitcoin.

 

Summary

  • Short term use: diversification in cryptocurrency portfolios.
  • Medium term use: a reserve collateral in decentralized finance systems such as Maker DAO.
  • Long term use: An alternative to central-bank money, like bitcoin but macro-economically friendly.
  • Non-dilution: own a fixed percentage of the network as changes to the supply of AMPLs go directly into the wallets of holders.
  • Investors: the project is backed by some of the most reputed names in crypto, including Pantera Capital, Brian Armstrong (co-founder and CEO of Coinbase), Slow Ventures, Huobi Capital and FBG.
  • Advisors: Ampleforth is advised by Augur co-founder Joey Krug, Pantera Capital???s Paul Veradittakit and renowned economic historian Dr. Niall Ferguson, (Stanford, Harvard and Oxford Universities; Senior Fellow at the Hoover Institute.)
Token Sale End Time6/19/2019 11:00:00
Token Sale Start Time6/13/2019 11:00:00
Public Sale Hard Cap4"

Details

Token : AMPL
Launch Pad : Ethfinex
Platform : Ethereum
Type : ERC20
Price in ICO : 1 AMPL = 0.98 USD
Tokens for sale : 50,000,000 AMPL
Whitelist/KYC : YES
Restricted areas : Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Cote d???Ivoire, Cuba, Democratic Republic of the Congo, Ethiopia, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Mainland China, Malaysia, Myanmar (Burma
Accepting : BTC
Hard Cap : 4,900,000 USD
Distributed in ICO : Around one week following the token sale completion.

Project Team:

Evan Kuo
Evan Kuo

Engineer / Product

Brandon Iles
Brandon Iles

Engineer / Architecture

Ahmed Naguib Aly
Ahmed Naguib Aly

Engineer / Backend

Aditya Sarawgi
Aditya Sarawgi

Engineer / Backend

Advisors:

Joey Krug
Joey Krug

Augur, Pantera

Sam Lessin
Sam Lessin

Fin, Facebook

Niall Ferguson
Niall Ferguson

Hoover Institute, Stanford

Noah Jessop
Noah Jessop

Honey Miner, MIT

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