FORTH
@Ampleforth #AMPL
What is the Ampleforth project?
Originally called Fragments, Ampleforth was co-founded in 2018 by entrepreneurs Evan Kuo and Brandon Iles. The Ampleforth (FORTH Coin) software utilizes Chainlink, a data provider built on Ethereum, to provide price data and is a protocol that attempts to incentivize a user network to maintain a cryptocurrency asset with a value equal to the US dollar. There are various ways for cryptocurrencies, known as stablecoins, pegged to a fiat currency to achieve price parity with other assets. For example, DAI is supported by locked asset baskets in the Maker protocol, while USDT is backed by traditional dollar deposits.
The first thing to know about FORTH coin is that it is actually a token, not a coin. This is because it is developed on Ethereum rather than having its own blockchain. The Ampleforth Governance Token (FORTH) exists as the governance token of the Ampleforth protocol. Although used in the same protocol as the AMPL token mentioned under the title “What is the Ampleforth Project?”, the purpose of the FORTH token is different. While AMPL operates as a stablecoin, FORTH serves as the governance mechanism overseeing the future of AMPL.
RESEARCH, get informed
$FORTH
$SOL
$ETH
#Ampleforth #forth #AmericaAIActionPlan #Binance #BNBATH
@Ampleforth #AMPL
What is the Ampleforth project?
Originally called Fragments, Ampleforth was co-founded in 2018 by entrepreneurs Evan Kuo and Brandon Iles. The Ampleforth (FORTH Coin) software utilizes Chainlink, a data provider built on Ethereum, to provide price data and is a protocol that attempts to incentivize a user network to maintain a cryptocurrency asset with a value equal to the US dollar. There are various ways for cryptocurrencies, known as stablecoins, pegged to a fiat currency to achieve price parity with other assets. For example, DAI is supported by locked asset baskets in the Maker protocol, while USDT is backed by traditional dollar deposits.
The first thing to know about FORTH coin is that it is actually a token, not a coin. This is because it is developed on Ethereum rather than having its own blockchain. The Ampleforth Governance Token (FORTH) exists as the governance token of the Ampleforth protocol. Although used in the same protocol as the AMPL token mentioned under the title “What is the Ampleforth Project?”, the purpose of the FORTH token is different. While AMPL operates as a stablecoin, FORTH serves as the governance mechanism overseeing the future of AMPL.
RESEARCH, get informed
$FORTH
$SOL
$ETH
#Ampleforth #forth #AmericaAIActionPlan #Binance #BNBATH
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FORTH
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