Ampleforth

Halal Rating :
Questionable
Last Price $1.28 Last updated:
Rank 702
1D Change 4.50 %
Market Cap $36.14m
Circulating supply 28,274,494
Maximum supply 395,345,189

Crypto Overview

Categories
  • DeFi
  • Algorithmic Stablecoin
  • Rebase
  • Avalanche Ecosystem
  • Arrington XRP Capital Portfolio
  • Alameda Research Portfolio
  • Pantera Capital Portfolio
  • Spartan Group

Ampleforth is a digital-asset-protocol for smart commodity-money. The smart commodity money with a unique elastic supply protocol. AMPL supply expands and contracts in response to it’s price deviating from a 1 USD target. Deviations result in a supply change of AMPLs once every 24 hours, increasing or decreasing the number of tokens in each holder’s wallet pro-rata. Ampleforth is the only asset in the world with this elastic supply property, and therefore has counter-cyclical trading pressure and is uncorrelated with other digital assets such as Bitcoin.

Crypto Impact

To assign a comfort level investing in Ampleforth 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.

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.

Justification for our Halal Rating