ampleforth-governance-token logo download PNG or SVG

Information about ampleforth-governance-token

Ampleforth Governance Token (FORTH) is a cryptocurrency associated with a decentralized protocol called Ampleforth. It aims to create a stablecoin with a unique elastic supply mechanism. The protocol operates by targeting the price of its native token, AMPL, to maintain stability against the US dollar. However, unlike traditional stablecoins that maintain a stable value, AMPL's supply expands and contracts dynamically in response to changes in demand.

FORTH, the governance token, grants holders the ability to participate in the governance of the Ampleforth protocol. It allows token holders to propose and vote on potential changes to the protocol's parameters, upgrades, or initiatives. By holding FORTH tokens, individuals gain the power to influence the direction and development of the Ampleforth ecosystem.

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