Original title: “AMPL said it is a fast-forward version of BTC, because the pace is fast and volatile”
With the inflation of AMPL, more and more people pay attention to AMPL.
What is AMPL? Algorithmic stablecoin, flexible stablecoin, but if you look at AMPL’s K-line, you will find that it is not stable at all. Therefore, if you tell others that AMPL is a stable currency, you will find it difficult to understand. You see that its price fluctuates between $0.5 and $4. Who believes it? Rather, AMPL is a basic cryptocurrency.
What are the basic cryptocurrencies, such as BTC, ETH, etc. To make it easier to understand, here is a simple analogy between AMPL and BTC.
BTC, the price can rise to the sky, but the total amount is fixed at 21 million cryptocurrencies;
AMPL, the price fluctuates around 1 USD, but the total amount can rise to the sky;
In other words, BTC is a base currency whose price can be to da moon, and AMPL is a base currency whose total amount can be to da moon.
So what are the uses of basic currencies such as BTC, ETH, and AMPL? Borrowing from the picture below, we can see that there is room for imagination.
For many people who are new to AMPL, there may be a lot of problems. From what I have contacted, the big questions can be divided into the following four types:
1. AMPL is a stable currency, how can it make money?
2. What is AMPL’s rebase? Can coins be divided in the wallet?
3. Where can AMPL be traded?
4. Related websites for AMPL data query?
1. AMPL is a stable currency, how can it make money?
If you bought 1 BTC when the BTC was at 10,000 USD, and now the Bitcoin has risen to 19,000 USD, then you have earned 9,000 USD;
If at some point in the past, you bought one when AMPL was $1, and now AMPL has risen to $1.4, and your original one has become two, then you made $1.8.
In BTC, the only variable is price; in AMPL, there are two variables: price and quantity change at the same time.
AMPL has two variables, which increase the difficulty of understanding AMPL, and it also increases the understanding of AMPL space for newcomers. Some feel that the historically highest price of AMPL is $4, so there is only so much room for increase.
AMPL has one more dimension than BTC, and it is also much faster than BTC in rhythm. Some people compare AMPL to a fast-forward version of BTC.
We know that BTC has been volatile along the way; the BTC fast-forward version of AMPL fluctuates more drastically. Looking back at the history of AMPL, we can also find that AMPL’s last bull market cycle ended in one month.
The room for growth of AMPL depends on price and quantity. Together, it depends on market value. Although the price of AMPL fluctuates within a certain space, the quantity of AMPL can be a runaway wild horse, running wildly.
For example, if you buy 10 AMPLs, it may become 100 or even more during the inflation cycle, which makes money; of course, during the deflationary cycle, 10 may become 5 or less, which means you lose money. .
How can AMPL become more or less? This is about the rebase mechanism of AMPL.
2. What is AMPL’s Rebase? Can coins be divided in the wallet?
The total amount of AMPL is not fixed, so how to adjust its total amount? AMPL’s currency agreement automatically adjusts the wallet balances of all users on the entire network based on the price situation within 24 hours.
To put it simply, AMPL is anchored to 1 USD in 2019. If the average volume and price of the price in the past 24 hours exceeds 1.05 USD, it will be inflation, that is, the coins in the wallet will increase; if it is less than 0.96 USD, it will be deflation, that is, the wallet. There are fewer coins in it.
The process of increasing or decreasing the number of AMPLs is automatically adjusted by AMPL smart contracts. This process does not require transfers. Simply put, it is to directly modify the amount of AMPL balance in the wallet.
AMPL, the automatic adjustment of supply, takes place once a day. This operation is called Rebase and is triggered every day at 10:00 Beijing time.
The rebase operation follows the same principle and changes the number of token balances in all wallet addresses in equal proportions. In other words, no matter where your AMPL is placed, it will divide or deduct coins, and there will be no difference; at the same time, everyone can get the same ratio, and there is no question of who has an advantage. In other words, although the currency has increased or decreased, only if you do not actively sell or buy, your proportion of the total AMPL will not change.
Note: Although AMPL will be rebase if it is placed there, if it is placed in a centralized exchange or a centralized wallet, you should ask if the other party will send the coins to users.
3. Where can AMPL be traded?
Currently, AMPL has not listed coinbase, three major exchanges, or a first-tier exchange; AMPL can only be traded on second-tier exchanges and DEX. The main trading volume of AMPL is currently on DEX exchanges such as uniswap.
So the places to buy and sell AMPL are:
1) DEX, such as uniswap, sushiswap, balancer;
2) CEX, such as Matcha, Gate, etc.
(The AMPL of KuCoin cannot be withdrawn, and the purchase has to bear the risk that the currency cannot be withdrawn and the currency price is lower than the market price.)
At present, the trading depth on CEX is not enough, it is not suitable for large transactions, suitable for small transactions, you can go to matcha; for large transactions, you can consider going to uniswap to trade AMPL.
AMPL contract address: 0xd46ba6d942050d489dbd938a2c909a5d5039a161
4. Related websites for AMPL data query?
The magical AMPL, the big volatility AMPL, check the AMPL related data a little more, and know a little more in my heart. Here are some related websites.
AMPL official station:
AMPL Chinese document:
forum:
Reward pool:
Rebase historical data:
Twitter:
Medium:
Discord:
Telegram English:
Telegram Chinese:
