Bitcoin has a competitor, you have read that correct, bitcoin has long been number one store of value token coin in cryptocurrency but ampleforth cryptocurrency is a worth competitor with regards to being new, and interesting, I have never seen anything like ampleforth cryptocurrency in my life and it find ampleforth to have a revolutionary token model for store of value coins. It is super interesting and for sure gives us a new way to perceive bitcoin. Bitcoins price is looking good at the moment and the way ampleforth cryptocurrency token model works is ingenious.
The idea behind ampleforth is to create a store of value that is measured in an entirely different way, imagine bitcoin having no set supply, and the supply was based on a smart contract that adjusts to demand, if the demand goes up, the supply increases and you make money, if the demand goes down and people are selling the supply decreases and you loose money, for example
If the market cap is 20 million dollars, the token value is pegged to the dollar every 24 hour period, so the price resets to the dollar, when the price resets, say the price was up 10% on the day prior, then the supply increases by 10% and so do your holdings, and the coin resets to a one dollar value
You can find information about ampleforth and its IEO below
WEBSITE: https://www.ampleforth.org
WHITEPAPER: https://www.ampleforth.org/paper/
TOKEN SALE INFO: https://tokinex.ethfinex.com/token-sale/5ce5b0ff0a6ddd82b38f8e0c/Ampleforth
This is a sponsored review, i only review the best projects, all reviews are my honest opinion, i particularly like ampleforth because it is so very different
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