Ampleforth Governance Token
Crypto Overview
Purpose and Utility
FORTH is the governance token of the Ampleforth protocol, a digital currency protocol that automatically adjusts its supply in response to demand. Token holders can participate in the governance of the protocol by voting on key parameters and protocol upgrades.
Business Model
The token's primary utility is governance rights over the Ampleforth protocol. Token holders can propose and vote on changes to the protocol's parameters, including supply adjustment thresholds and other economic policies. This governance model is transparent and does not involve any inherently prohibited activities.
Real-World Adoption
The token has maintained consistent governance participation since its launch in 2021. Active governance proposals and voting activities demonstrate legitimate utility in protocol governance, though adoption remains relatively concentrated among larger token holders.
Platform Development
The Ampleforth protocol maintains active development, with regular updates and improvements. The governance system is functional and actively used for protocol decision-making.
Token Distribution
The initial token distribution included allocations to the founding team and early supporters with vesting schedules. A significant portion was distributed to the community through various mechanisms including airdrops to early Ampleforth users.
Revenue Model
The token itself does not generate revenue through interest or lending. Its value is derived from the governance rights it provides over the protocol.
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.