Ampleforth (AMPL) is a unique cryptocurrency designed for stability in purchasing power rather than price. It aims to match the U.S. dollar's inflation rate, offering predictability for transactions and smart contracts. Not backed by digital assets, it's tied to an annual CPI-adjusted target price. AMPL functions as a digital unit of account, usable for payments, savings, and as a digital store of value. Its supply adjusts daily via a "rebase" mechanism to balance market supply and demand. Founded by Evan Kuo and Brandon Iles in 2017, Ampleforth seeks to provide a more predictable digital unit of account.
