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FORTH is the native governance token of Ampleforth, a cryptocurrency project focused on creating an algorithmic US dollar stablecoin known as AMPL. Developed using the Ethereum blockchain, Ampleforth differentiates itself from other stablecoin projects by algorithmically increasing or decreasing AMPL’s supply depending on the market’s demand for the token. This process is known as “rebasing” and is done every 24 hours.
According to the project’s website, as a result of the daily changes in supply and demand, the number of AMPL tokens that any user holds constantly changes. By automatically adjusting to supply and demand, tokens are either added or removed to users’ cryptocurrency wallets. As a result of this unique tokenomic architecture, AMPL is not correlated to changes in the cryptocurrency markets and helps to solve inelasticity issues that arise from sudden shocks in demand. FORTH is the project’s native governance token, that allows users to vote on changes in the protocol. Votes can also be delegated to other users. The aim of FORTH is to create a community-driven protocol that allows users to have authority over the direction of the network.
Ampleforth Governance (FORTH) is the 565th largest cryptocurrency in the world by market cap, valued at $33,230,862. The current price of Ampleforth Governance is $5.4812, which is 3.787% higher than yesterday. Prices have ranged between $5.7368 and $4.757 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 17, 2022 08:05 UTC.
| Coin symbol | FORTH |
|---|---|
| Coin Marketcap | AUD$33,230,862 |
| Total FORTH supply | 15,297,897 |
| Circulating FORTH | 8,659,067 |
| Current price | AUD$5.4812 |
| All time high | AUD$363.9034 |
Historical prices compared with the price of $5.4812.
| 1 hour | 0.62% |
|---|---|
| 24 hours | 3.79% |
| 7 days | -23.18% |
| 14 days | -11.87% |
| 30 days | -37.97% |
|---|---|
| 60 days | -41.57% |
| 200 days | -74.46% |
| 1 year | -86.88% |
Disclaimer: Cryptocurrencies, including Ampleforth Governance, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of FORTH is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Ampleforth Governance or any other cryptocurrency discussed.
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