Some of you may have already heard of Ampleforth (AMPL Token)’s IEO sale that was launched on EthFinex’s IEO platform Tokinex.
The IEO was a huge success, selling out in just 11 seconds and raising $5 million USD in the process!
As the IEO sold out so quickly, many crypto investors missed the opportunity to participate in the Ampleforth (AMPL) IEO.
If you had missed out, don’t worry – Ampleforth and EthFinex have launched a last chance, round 2 IEO sale for an additional 100K AMPL tokens.
What is Ampleforth (AMPL Token)?
Ampleforth (AMPL) is smart commodity money with a “unique elastic supply” and is currently the only asset of its kind to implement this type of ever changing, token supply model.
The Ampleforth contract increases or decreases the number of AMPL tokens you hold, prorated, based on deviations from a $1 USD target.
If AMPL tokens increase above $1 per token threshold, the AMPL contract will increase the supply of AMPL tokens while a drop in price below the $1 threshold will decrease the supply of AMPL tokens.
It’s important to note that despite the unique elastic supply dynamics of AMPL, we should not consider Ampleforth as a stablecoin.
In fact, Ampleforth will most likely be anything but stable, because the fundamental nature of its changing supply model will create volatility in the midst of drawing the price of AMPL token back to $1.
In contrast, a stablecoin should always peg to a specific value, and have as much volatility removed as possible.
This is different from Ampleforth which tries to bring the price of AMPL token back to $1 using volatility.
Instead, you should currently see AMPL as a way to diversify risks, because the price of AMPL tokens will most likely move in the opposite direction of other cryptoassets like BTC and ETH.
The big vision goal, however, is to be a new generation of decentralized, digital smart money.
Ampleforth (AMPL) Token Sale
As mentioned prior, the initial Ampleforth IEO on EthFinex has already ended, completing in just 11 seconds with $5 million USD raised.
However, as a result of the unexpected demand, Ampleforth & EthFinex are going to do a last chance IEO with an additional 100K AMPL hardcap
The last chance token sale happens on June 27, 2019 9am UTC.
To register, you’ll have to head to the Tokinex IEO portal and register here.
Do keep in mind that a KYC process is required for first time Tokinex investors.
Here are the token sale details: