Forth is a governance token that complements the AMPL ecosystem by giving control of the protocol to the community.
What is the Ampleforth Governance Token (FORTH)?
Ampleforth Governance Token (FORTH) is a cryptocurrency that powers Ampleforth, a project that automatically adjusts the supply of its native token AMPL in response to demand. FORTH is Ampleforth’s governance token. Forth holders can have a say in proposed changes to the Ampleforth protocol or delegate their rights to representatives.
Additionally, AMPL is the first rebasing cryptocurrency. Like Bitcoin, AMPL is non-dilutive. Unlike Bitcoin, AMPL can be used to specify contracts of predictable value. In scenarios where AMPL functions as an independent currency, FORTH serves as the governance mechanism overseeing the protocol. FORTH was launched by the Ampleforth team in April 2021 with support from Coinbase.
FORTH is a token used directly or delegated to propose and vote on changes within the Ampleforth protocol. Its model is an extension of Compound Finance’s COMP. Initial parameters are set when on-chain governance is distributed to provide a fair system offering suitable incentives for all network participants. Additionally, you can delegate your rights to representatives. This allows representatives to have a say and participate in decisions regarding the ecosystem.
FORTH is an inflationary token with future inflation set at 2% annually. The distribution of FORTH tokens within the existing Ampleforth ecosystem is as follows:
- 67% of FORTH to the AMPL community,
- 33% of FORTH to the project development team, advisors, supporters, and the Ampleforth Foundation.
Ampleforth produced 15 million FORTH and will airdrop them to the community, participants, and key contributors.
Where to Buy FORTH Coin?
FORTH Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. The Ampleforth Governance Token is traded on the Binance platform in FORTH/BTC, FORTH/BUSD, and FORTH/USDT pairs.
To purchase FORTH, you first need to register on the Binance exchange. Upon completing the registration, you need to transfer cryptocurrency or fiat currency to your Binance wallet. Once the transfer is complete, you can buy FORTH Coin from any of the three pairs mentioned above. To buy from the FORTH/USDT pair, first navigate to the interface of this pair. In the limit section of the FORTH/USDT interface, enter the amount you wish to purchase. After specifying the amount, execute the purchase with the FORTH Buy order.
