Ampleforth Governance price

Amidst the crypto market's volatility, risk management strategies are vital. Ampleforth addresses this by algorithmically adjusting supply to maintain value stability despite price fluctuations. To enhance decentralization, the project introduced Ampleforth Governance (FORTH) for governance. Unlike most projects using a single token for utility and governance, Ampleforth separates these functions, enabling focused protocol development while fostering community involvement through FORTH. 

What is Ampleforth 

Ampleforth empowers decentralized finance (DeFi) innovation by providing essential infrastructure within the crypto sector. Rooted in its core protocols, the AMPL unit of account and the FORTH decentralized autonomous organization (DAO) governance, the project lays the groundwork for a novel digital economy.

AMPL: Stability through rebasement

Running on the Ethereum blockchain, Ampleforth introduces the AMPL token, a decentralized unit of account. This native token of the Ampleforth Elastic Finance Ecosystem employs a daily rebasement mechanism to ensure its value remains close to a dollar. Based on demand, this dynamic adjustment mitigates volatility risks and safeguards user funds.

FORTH: Decentralized governance

Ampleforth's approach extends to governance, marked by the introduction of the FORTH token. Functioning as a dedicated governance mechanism, FORTH empowers users to actively engage in decision-making processes. Proposed protocol changes trigger a community-wide voting process, enabling decentralized decision-making. Holders of the FORTH token can also propose protocol improvements.

The Ampleforth Protocol team

Ampleforth was co-founded by Evan Kuo and Brandon Iles in 2018. The pair then released the whitepaper for the project in July 2019. Two years later, in 2021, they separated the project’s transactional stablecoin from its governance functionality. This led to the launch of FORTH governance in April 2021. 

How does Ampleforth Governance work

Ampleforth Governance (FORTH) is a governance token of the Ampleforth network. It was created to separate the governance function from the project’s native AMPL token. FORTH empowers users to actively shape the project. The voting process takes place when a community member proposes changes to the Ampleforth protocol. The rest of the token holders get to vote, and the majority decides whether the changes should be implemented. 

FORTH tokenomics

Launched on April 21, 2021, Ampleforth Governance's native token, FORTH, has a total supply of 15.29 million. FORTH token was created for a single, specific use case, which is to be the governance token for Ampleforth. As such, it is not used for paying fees, or similar purposes. The FORTH token serves as Ampleforth's governance token. 

FORTH distribution

Ampleforth Governance has allocated its tokens in the following way:

• 67 percent distributed to the AMPL community
• 33 percent allocated to early backers, encompassing the core development team, advisors, supporters, and the Ampleforth Foundation