Forth Coin: Smart Investment Or Risky Business?

Ampleforth's new governance token, FORTH, is now available on Coinbase and Binance. FORTH is a deflationary token with 15 million minted at the genesis event and future inflation set at 2% per year. It is designed to be the governing mechanism that oversees the evolution of Ampleforth's AMPL, an independent currency that functions as a unit of account. With an elastic supply that changes based on market conditions, AMPL is arguably the most popular class of rebasing currencies. So, is FORTH a good investment? Well, that depends on several factors, including your risk tolerance, investment goals, and the overall performance of the cryptocurrency market.

Forth token's launch and listing on Coinbase

Ampleforth, a smart commodity money protocol, launched its new governance token, FORTH, in April 2021. The token was listed on Coinbase Pro on the same day. FORTH is a separate token from AMPL, which is Ampleforth's native token and is not listed on Coinbase.

The launch of the new token was announced via a blog post, which explained that it would provide the mechanism for the community to vote on parameter changes to the core AMPL protocol and further decentralize it. The post also stated that the new token would be distributed to users of the protocol through a points system for those who had made on-chain transactions with its AMPL cryptocurrency.

Ampleforth detailed that the deflationary token was modelled on the Compound finance system to offer incentives for all network participants. There were 15 million FORTH minted at the genesis event, with the initial supply available immediately and future inflation set at 2% per year. The distribution breakdown was 67% to the community and 33% to early backers, the core development team, advisors, supporters, and the Ampleforth Foundation.

Community members can use FORTH to propose and vote on changes to the Ampleforth protocol or delegate their votes to other voters. The token is available to buy, sell, convert, send, receive, or store on Coinbase and Coinbase Pro. However, it is not available in New York State.

Forth token's availability on Coinbase Pro

On April 22, 2021, Coinbase Pro listed the new Ampleforth governance token, FORTH, on its platform. This development came shortly after the announcement of the launch of Ampleforth's governance token.

FORTH tokens are now available for buying, selling, converting, sending, receiving, and storing on Coinbase. They are also supported on Coinbase Pro, which adds an extra layer of security for traders and enthusiasts investing in the token. However, it is important to note that FORTH is not available in all regions, specifically in New York State.

The launch of the FORTH token is a significant step towards decentralizing the Ampleforth network. The token will be used by the community to propose and vote on key changes to the Ampleforth protocol. This engagement in the governance of the network is incentivized by the token's 2% annual inflation rate after the first year.

The distribution of the initial supply of 15 million FORTH tokens is as follows: 67% to the community and the remaining 33% to early backers, the core development team, advisors, supporters, and the Ampleforth Foundation. Community allocation is determined by a points system based on on-chain activity, favouring long-term supporters.

The availability of FORTH tokens on Coinbase Pro provides investors with easier access to the token and enhances the token's liquidity. This listing on a leading crypto exchange platform is a positive development for the Ampleforth project and its community.

Forth token's trading support

Forth (FORTH) is the governance token of Ampleforth (AMPL), an algorithmic stablecoin with a fluctuating supply. FORTH holders can vote on changes to the Ampleforth protocol or delegate their votes to other voters.

FORTH was launched in April 2021 and is available to trade on Coinbase Pro and Binance. Coinbase Pro lists trading pairs for FORTH/USD, FORTH/BTC, FORTH/EUR, and FORTH/GBP. Binance supports FORTH/BTC, FORTH/BUSD, and FORTH/USDT trading pairs.

FORTH is a deflationary token modelled on the Compound finance system, with incentives for all network participants. There were 15 million FORTH minted at the genesis event, with a 2% inflation rate set annually after the first year.

Ampleforth has been part of the crypto landscape for some time, with its AMPL token being the most well-known of a class of rebasing currencies, which also includes ESD, DSD, and BASED. Ampleforth aims to be a unit of account for stable smart contracts and has an elastic supply that changes based on market conditions.

When considering whether to trade or invest in FORTH, it is important to recognise that newly listed tokens are often subject to high price volatility. As always, conduct your own due diligence and never invest more than you can afford to lose.

Forth token's distribution

Forth tokens are distributed to previous liquidity miners and wallet holders. 15 million tokens were initially distributed to AMPL holders and previous participants in Ampleforth's Geyser liquidity mining program.

The distribution breakdown is as follows: 67% of the tokens are allocated to the AMPL community, while the remaining 33% goes to early backers, including the core development team, advisors, supporters, and the Ampleforth Foundation.

Community allocation is governed by a points system, scored by on-chain activity. This system ensures that those who have supported the network long-term and through various market conditions accrue the most points and, therefore, receive the most FORTH tokens.

It is important to note that FORTH tokens were only available for claim until April 16, 2022. Any tokens that remained undistributed a year after the launch date were reclaimed and placed into a community-governed DAO.

Forth token's purpose

Ampleforth's FORTH token is a governance token that allows its holders to propose and vote on changes to the Ampleforth protocol. The token was launched in April 2021 and is available on major cryptocurrency exchanges like Coinbase and Binance.

The purpose of the FORTH token is to decentralize the Ampleforth network and give the community a say in its evolution. Ampleforth stated that "FORTH is the governing mechanism that oversees [AMPL's] evolution." AMPL is Ampleforth's native token and is an algorithmic stablecoin with a fluctuating supply.

FORTH token holders can vote on upgrades and changes to the Ampleforth protocol parameters. This includes proposing and voting on key changes to the protocol, such as removing contract upgradeability, making the protocol censorship-resistant, and community-owned. The token also provides an incentive for network participants, as it is designed to be deflationary with an annual inflation rate of 2%.

The distribution of FORTH tokens is as follows: 67% to the community and 33% to early backers, the core development team, advisors, supporters, and the Ampleforth Foundation. Community allocation is determined by a points system, where users who have made on-chain transactions with AMPL accrue points and thus receive more FORTH tokens.

The launch of the FORTH token is part of Ampleforth's expansion and community engagement strategy, with over 75,000 users becoming founding members of its governing body.

Frequently asked questions