Ampleforth Governance Token
Crypto Overview
Overview
FORTH is the governance token of the Ampleforth protocol, a digital currency protocol that automatically adjusts its supply in response to demand. The token gives holders the ability to vote on protocol upgrades and changes.
Intended Utility
The primary purpose of FORTH is to serve as a governance mechanism for the Ampleforth ecosystem. Token holders can propose and vote on changes to the protocol's parameters, upgrades, and strategic decisions.
Business Model Assessment
The business model appears transparent and straightforward - it's a governance token for protocol decision-making. There are no apparent elements that would conflict with Islamic principles in its core design.
Actual Utility Analysis
FORTH is actively used for its intended governance purpose. The Ampleforth community regularly participates in governance proposals and voting. The token has maintained its core utility since launch.
Token Distribution and Governance
The initial token distribution included allocations to the community (67.5%), core team (20%), and investors (12.5%). Team tokens were subject to a 4-year vesting schedule, which helps align long-term incentives.
Technical Implementation
The token is implemented as a standard ERC-20 token on the Ethereum blockchain. The smart contracts have been audited by multiple security firms, and the code is open source.
Development Activity
The Ampleforth protocol maintains active development, with regular updates and improvements. The governance system has been functioning as intended since launch.
Crypto Impact
To assign a comfort level investing in Ampleforth Governance Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ampleforth Governance Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.