Ampleforth Governance price
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About Ampleforth Governance
Disclosures
Ampleforth Governance risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Ampleforth Governance. All crypto assets are risky, there are general risks in investing in Ampleforth Governance. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
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Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
DeFi tokens
Decentralised Finance ("DeFi") tokens are crypto assets built on decentralised blockchain technology for financial applications or protocols. Risks linked to DeFi tokens include:
Enterprise Risk
Interactions between multiple DeFi protocols create a situation where a vulnerability or breakdown in one protocol can trigger a cascading effect, affecting other interconnected platforms.
Technology Risk
DeFi protocols frequently depend on external data sources or oracles, and any tampering or inaccuracies in these data streams can result in a lack of trust and reliability in the protocols.
Regulatory Risk
Governments and regulatory bodies around the world can introduce new regulations or ban certain aspects of the cryptocurrency market, affecting its legality and viability, which could affect token liquidity and/or value.
Legal Risk
Certain tokens may be used for operating a decentralised exchange platform which may contain additional risks:
- The platform may allow users to participate who have not been vetted or verified and therefore expose the possibility that users are interacting with sanctioned entities.
- The platform may be accessible in jurisdictions where some or all the exchange activity should be regulated. If a local regulator deemed the platform activity to be in breach of local regulation, they may request cessation or termination of the service which could affect token liquidity and/or value.
Market Risk
Given their novelty, the evolving technology involved and lack traditional asset structure, valuing crypto assets can be very difficult or impossible. This means valuations are determined by demand that is at risk of manipulation in various ways.
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Ampleforth Governance FAQ
Ampleforth Governance (FORTH) is a governance token within the Ampleforth Protocol, designed to empower users' participation in decision-making processes related to the protocol's evolution.
FORTH tokens are dedicated solely to governance participation. They are not used for paying fees or conducting transactions within the Ampleforth network.
Easily buy FORTH tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the FORTH/USDT trading pair.
You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for FORTH with zero fees and no price slippage by using OKX Convert.
Dive deeper into Ampleforth Governance
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
Disclaimer
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