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How to buy Ampleforth (AMPL) in the US

A beginner's guide to buying and selling AMPL in the US.

Ampleforth
AMPL- USD
DEFI
$1.07
+$0.16 (+17.48%)

How to buy Ampleforth

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Ampleforth.

  1. Open an account on an exchange that supports AMPL.
    Jump to our instructions to learn how to bridge — just remember that using a DEX can be complicated and may be more risky than using a CEX.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Ampleforth.
  3. Buy Ampleforth.
    Complete your Ampleforth purchase and then find the best wallet to store AMPL.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Ampleforth?

Ampleforth is a digital-asset protocol that makes use of unique token distribution and production design such that it adjusts the value of its native AMPL cryptocurrency as per its market demand at any given point. So for example, when there is more consumer demand for AMPL, the system automatically starts to increase the overall supply of the token and vice versa. And while on paper, AMPL seems to serve the exact same function as various stablecoins much like USDT, USDC — since it always maintains its value in relation to the American dollar — it bears mentioning that the token is not backed by any fiat asset nor is its value supported by a crypto-pegged currency such as MakerDAO’s DAI stablecoin. Ampleforth was listed on the AAVE's lending platform in late July, 2021, leading to a large jump in the price of the token.

Ampleforth (AMPL) is the 231st largest cryptocurrency in the world by market cap, valued at $171,151,747. The current price of Ampleforth is $0.977044, which is 10.933% higher than yesterday. Prices have ranged between $0.98144 and $0.87306 over the past 24 hours. All prices are listed in US dollars and accurate as of August 01, 2021 11:08 UTC.

Where to buy Ampleforth

To buy AMPL you may need to use a decentralized exchange (DEX). Decentralized exchanges run on blockchains like Binance Smart Chain and allow users to trade directly with one another without the need for a middleman.

Decentralized exchanges are unregulated and run on autonomous pieces of code known as dApps. To use a dApp you interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you’re unfamiliar.

  1. Find AMPL on a decentralized exchange and make sure Ampleforth can be traded for Binance Coin (BNB), which is the native asset of the Binance Smart Chain (BSC). Popular DEXs on BSC include:
  2. Buy a coin that can be traded for AMPL on a centralized exchange.
  3. Transfer the coin you want to trade for AMPL into a personal wallet and connect to a DEX using MetaMask to place your trade.

Ampleforth at a glance

Information last updated August 01, 2021 11:08 UTC.
Coin symbolAMPL
Total AMPL supply192,261,588
Circulating AMPL174,848,673
Current priceUS$0.977044
All time highUS$4.07
Notable team membersEvan Kuo, Brandon Iles
PartnershipsNEAR, Polkadot, TRON, Compound Finance, Chainlink
IndustryStablecoins
Token usesCryptocurrency
NetworkEthereum

Ampleforth price performance over time

Historical prices compared with the price of US$0.977044.

1 hour 0.53%
24 hours 10.93%
7 days -38.05%
14 days 3.58%
30 days 9.65%
60 days 13.08%
200 days 22.71%
1 year -1.81%

How to sell Ampleforth

You can cash out your AMPL with the same exchange you bought it through:

  1. Sign in to the exchange you have AMPL on.
    If you store your Ampleforth in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of AMPL you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Ampleforth.

What to consider when buying Ampleforth

Below are the aspects you should consider before investing in AMPL:
  • Interesting monetary proposition: The token dynamics employed by Ampleforth are unique. The protocol seeks to combine the scarcity aspect of Bitcoin while allowing it to enjoy the elasticity (i.e. inflationary) benefits presented by fiat currency.
  • Financial incentives: The platform provides network participants with lucrative incentives for helping the network reach a state of economic equilibrium. Alternatively, one could also say that the network hinges on the activities of profit-seeking traders to restore equilibrium on the demand side once supply ratios are altered.
  • Unique design: After the gold standard was abolished in the 1940s, fiat currencies did not have their values pegged to any physical commodity, essentially allowing governments all over the world to inflate their money supply streams as they see fit, instead of expanding and contracting the total output as per market demand.
  • Ampleforth borrows from the concept of a flexible monetary supply, combining it with the deflationary model used by many cryptocurrencies today (a la Bitcoin), effectively eliminating any sort of centralized control over its total token pool.
  • Experimental: Though quite exciting, Ampleforth is still quite experimental in its design since it makes use of an operational structure that has not been tested under rigorous market conditions. This is best highlighted by the fact that since its inception, the currency’s total market capitalization has never crossed the $10 million threshold.
Disclaimer: Cryptocurrencies, including Ampleforth, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of AMPL 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 or any other cryptocurrency discussed.

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