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Ampleforth Governance Token Overview
24h High
$0.65
24h Low
$0.58
24h Change
-2.62%
7d Change
-33.82%
30d Change
-45.28%
Volume 24h
$4.67M
Market Cap
$8.18M
Circulating Supply
13.45M FORTH
Ampleforth Governance Token News
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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.
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.
Ampleforth Governance Token Markets
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Ampleforth Governance Token Platforms
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Ampleforth Governance Token Market Data
The live Ampleforth Governance Token price today is $0.60 USD with a 24-hour trading volume of $4,669,008.69 USD. We update our FORTH to USD price in real-time. Ampleforth Governance Token is down 2.62% in the last 24 hours.
The current market cap is $8,180,814.91 USD, ranking #732 by market capitalization. The circulating supply is 13,446,313 FORTH.