What is the Ampleforth Governance Token (FORTH)?
The Ampleforth Governance Token (FORTH) is a cryptocurrency that plays an important role in managing and operating the Ampleforth ecosystem. Ampleforth is a unique cryptocurrency project, with a type of stablecoin that has an elastic supply, meaning the number of tokens can increase or decrease to maintain a stable value relative to another currency (usually USD).
Role of FORTH:
Voting rights: FORTH holders have the right to participate in important decisions regarding the Ampleforth protocol. This includes voting on changes to the algorithm, new features, or decisions about the project's asset allocation.
Community management: FORTH creates a mechanism for the community to participate in shaping the future of the project.
Incentivizing participation: Ownership of FORTH encourages users to actively engage in the community and contribute to the development of the Ampleforth ecosystem.
In summary, the Ampleforth Governance Token (FORTH) plays a key role in the governance of the Ampleforth ecosystem. Unlike the AMPL token designed with an elastic supply to stabilize its price, FORTH is used for governance purposes, allowing holders to participate in decision-making and shape the future of the Ampleforth protocol. This creates a truly decentralized system where the community has a significant voice.
Basic information about the Ampleforth Governance Token
Name: Ampleforth Governance Token
Trading name: FORTH
Type: Utility Token
Platform: Ethereum ERC-20
Contract: 0x77fba179c79de5b7653f68b5039af940ada60ce0
Algorithm used: Proof of Stake (PoS)
Total supply: 15,297,897.14 FORTH
Launch: Year 2021
Current exchange rate of FORTH
Where to buy and sell FORTH tokens?
You can buy and sell FORTH on exchanges such as:
OKX.com
HTX.com
Mexc.com
Register an account on Binance: https://accounts.binance.com/vi/register?