BTC
$95,580.15
-
0.62%ETH
$1,832.95
+
0.13%USDT
$1.0011
+
0.07%XRP
$2.1960
-
0.33%BNB
$593.82
-
0.63%SOL
$145.97
-
1.48%USDC
$1.0009
+
0.09%DOGE
$0.1745
-
2.26%ADA
$0.6916
-
1.65%TRX
$0.2477
-
0.46%SUI
$3.2550
-
3.62%LINK
$14.09
-
2.43%AVAX
$20.14
-
3.28%LEO
$9.0710
+
1.58%XLM
$0.2687
-
0.76%TON
$3.1051
-
2.19%SHIB
$0.0₄1298
-
2.26%HBAR
$0.1794
-
1.77%BCH
$358.34
-
2.52%HYPE
$20.91
+
1.83%Inscrever-se
- Voltar ao menu
- Voltar ao menuPreços
- Voltar ao menuPesquisar
- Voltar ao menu
- Voltar ao menu
- Voltar ao menu
- Voltar ao menu
- Voltar ao menuWebinars e Eventos
Ampleforth Governance Token
$2.8722
1.23%
Open
-
High
-
Low
-
Vol.
-
1H
24H
7D
1M
1Y
All
1H
24H
7D
1M
1Y
All
Need more data?Explore CoinDesk's API
Ampleforth Governance Token Price Converter
Ampleforth Governance Token Information
Ampleforth Governance Token Supported Platforms
| FORTH | ERC20 | ETH | 0x77FbA179C79De5B7653F68b5039Af940AdA60ce0 | 2021-03-30 |
About Ampleforth Governance Token
FORTH is the governance token of the Ampleforth protocol, a synthetic commodity money adjusting its supply based on demand. FORTH holders can propose and vote on changes to the protocol. Ampleforth, a DeFi protocol, provides a digital asset, AMPL, which adjusts its supply in response to demand changes. FORTH decentralizes the governance of these smart contracts and the protocol. FORTH is used for governance, allowing holders to influence the protocol’s development. Ampleforth and FORTH were created by Evan Kuo and Brandon Iles.
FORTH is the governance token associated with the Ampleforth protocol. Ampleforth is a decentralized finance (DeFi) protocol aiming to create a more adaptive financial ecosystem. It offers a unique synthetic commodity money—AMPL—that automatically adjusts its supply based on market demand. Unlike traditional stablecoins, which are pegged to external assets like USD, AMPL is programmed to be a stable medium of exchange that isn't pegged to any asset. The introduction of the FORTH token serves to decentralize the governance of the protocol’s smart contracts and the Ampleforth ecosystem as a whole.
The primary role of the FORTH token is governance. By holding FORTH, individuals can participate in the decision-making process of the Ampleforth protocol. This includes proposing, discussing, and voting on various changes to the protocol, such as modifications to the supply adjustment algorithm, oracle selection, and other parameters. Essentially, the FORTH token empowers community members to actively shape the development and functioning of the Ampleforth protocol.
What makes Ampleforth unique is its dynamic supply adjustment mechanism. Programmed into its smart contracts, this feature seeks to provide a more stable and robust medium of exchange. By introducing FORTH for decentralized governance, Ampleforth is taking a significant step in making the protocol more community-driven and resilient.
The Ampleforth protocol and its FORTH governance token were initiated by a team led by Evan Kuo, who serves as the CEO and is a co-founder, and Brandon Iles, the CTO and another co-founder. They have been supported by a diverse array of advisors and contributors from both the cryptocurrency landscape and the broader tech industry.