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Ampleforth Governance Token
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.
FORTH is the governance token associated with the Ampleforth protocol. Ampleforth is a decentralized finance (DeFi) protocol aiming to create a more adaptive financial ecosystem. It offers a unique synthetic commodity money—AMPL—that automatically adjusts its supply based on market demand. Unlike traditional stablecoins, which are pegged to external assets like USD, AMPL is programmed to be a stable medium of exchange that isn't pegged to any asset. The introduction of the FORTH token serves to decentralize the governance of the protocol’s smart contracts and the Ampleforth ecosystem as a whole.
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.