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Ampleforth is an Ethereum-based synthetic commodity protocol represented by Ample (ERC20) token. The protocol propagates nominal exchange-rate information into token-supply. The company was founded by Brandon Iles and Evan Kuo and has a headquarter in San Francisco, California.


About Ampleforth

General information

The vast majority of modern-day money exists in electronic form. Ampleforth is a digital-asset-protocol for smart commodity-money. Commodity money — that is, those which are absolutely scarce and have non-monetary use value — have been important throughout history (precious metals).

The Ampleforth protocol receives exchange-rate information from trusted oracles and propagates that to holders of its units (Amples) by proportionally increasing or decreasing the number of tokens each individual holds.

For traders, these changes in exchange-rate and quantity translate into changes in Ample’s market capitalization. Traders with short time horizons, especially those using automated or algorithmic approaches, will thus have to devise new strategies to trade Amples.

Ultimately, individual trader behavior in response to the protocol’s incentives is expected to produce a step-function-like movement pattern with lower correlation to Bitcoin than existing digital assets. This makes Amples uniquely suited for the following near, medium, and long term uses.


Ampleforth is the name of a character in George Orwell’s 1984 who is responsible for translating poetry into Newspeak, a language designed to limit freedom of thought. When tasked to replace the word “God” in a Kipling poem, Ampleforth refuses, not out of righteousness, or subversiveness, but rather, pure love for language and respect for the truth. To Ampleforth, no other word makes sense in context, and therefore, no other word should replace it.

Protocol structure

Ampleforth protocol propagates price-information into supply by reacting to nominal exchange-rate information. For instance, Alice has 1 Ample worth $1. Then, Alice has 1 Ample worth $2. So Alice has 2 Amples each worth $1.

Market Oracle

To absorb price information from the outside world, the protocol uses a market oracle system made up of data-providers who broadcast 24/7 volume of average prices to a single on-chain aggregator. Once in 24 h aggregator updates a global coefficient of expansion.

Ampleforth architecture

Ampleforth consists of 3 smart contracts based on Ethereum:

  1. Ampleforth ERC-20 Contract.
  2. Market-oracle contract (which provides data from outside to be used by the Supply Policy Contract.
  3. Supply Policy Contract.

Ampleforth Initial Exchange Offering (IEO)

Ampleforth is a first token proceeded IEO on Tokinex platform which raised more than $5 mln (645 BTC) in several seconds. It happened on 13 June 2019. The price of one token was $0,98. Investors received money in a few days after the crowdsale.

Crypto Badges

Ampleforth is promoting transparency in the crypto space and was awarded the Competition-verified Badge by Crypto-Potential[1]:

Competition-verified badge, The project has done market and competition analysis.



  • Ampleforth_contract
  • monetary_policy_contract
  • market_oracle_contract
  • whitepaper_release
  • documentation_release
  • security_audit
  • Github_release

To be done:

  • testnet_launch
  • dashboard_release
  • network_launch
  • governance_roadmap
  • governance_contract_v1
  • price_target_to_cpi

Differences from other coins

Ampleforth protocol creates money that:

  • solves the inflation problem,
  • has a speculative interest,
  • maintains a stable unit of account.

See Also on BitcoinWiki