FORTH is the governance token of Ampleforth (AMPL). Owners of FORTH can vote on proposed changes in the Ampleforth protocol or delegate their votes to representatives acting on their behalf.
What is the Ampleforth Governance Token (FORTH)?
AMPL is the first rebaseable cryptocurrency. Like Bitcoin, AMPL is non-dilutive. However, unlike Bitcoin, AMPL can be used to tokenize contracts of predictable value. In cases where AMPL represents an independent currency functioning as a unit of account, FORTH serves as the governance mechanism overseeing its evolution.
FORTH was launched in April 2021 by the Ampleforth team in a “First Day launch” with Coinbase.
The Ampleforth protocol is governed through a series of sequential steps, each representing increasing levels of consensus from the community. Proposals and ideas emerge in disputes or on our public forum and are finalized when embedded on the chain.
According to statements, top-level discussions can surface ideas in many places, including disputes, the Governance Forum, social media, or community DAOs’ #governance channel. When sufficient general support appears, a developer can formalize the idea by presenting an Ample Improvement Proposal (AIP) or Configuration Change Proposal (ACCP).
On the other hand, Forth is a new governance token that completes the Ample ecosystem by putting control of the protocol in the hands of the community. Using Forth tokens, owners will be able to vote on changes in the protocol. Together, $AMPL + $FORTH mark a significant milestone in the protocol’s journey to becoming fully decentralized.
As of the snapshot block taken on 30/03/21, anyone who interacted with Ample on-chain before this date is entitled to claim a portion of the Forth network. Over 80,000 individuals interacted with Ample in its two-year history, generating over $5 billion in on-chain volume across Uniswap, Sushiswap, Balancer, and more.
How to Acquire Ampleforth Governance Token?
FORTH Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform by trading volume.
To buy FORTH Coin, one must first register with Binance and then send fiat currency. Following the sending of a fiat currency like the Turkish Lira or the dollar, the FORTH Coin can be purchased in the trading pairs Binance Coin (BNB), Bitcoin (BTC), and Tether (USDT).
Additionally, on Binance, users can place buy orders not only at market value but also at lower prices. This can be done by using the Limit tab and entering the desired amount and price.
