Ampleforth is a cryptocurrency attempting to reinvent money. The AMPL token operates as an ERC-20 token on top of the Ethereum blockchain. However, unlike other cryptocurrencies such as Bitcoin, the twist with AMPL is that the supply changes daily.
Therefore, if the demand for AMPL increases, the supply of the tokens also increases to offset changes in price. So when the price is high, wallet balances increase. When the price is low, wallet balances decrease. AMPL is non-dilutive, and supply adjustments are applied universally and proportionally across every wallet’s balance. Meaning that your percent ownership of the network remains fixed.
Once you have your AMPL tokens there are 2 different things that you can do with the token. Which is to buy it and HODL, or you can buy it and provide liquidity via Uniswap. In the below tutorial, I’ll take you through the steps of purchasing AMPL, Pooling with Uniswap, and Staking.