A Quick Introduction to Ample Gold – $AMPLG

What is Ample Gold?

Ample Gold ($AMPLG) is a gold pegged defi protocol that is based on Ampleforths elastic token supply model.
$AMPLG is designed to maintain its base price target of 0.01 gram of Gold with a programmed inflation adjustment (rebase).

Where Ampleforth rose to a 300 million marketcap in merely weeks, there were a couple of flaws in their model. We have remodeled and reprogrammed these flaws into a new version of the Ample DeFi protocol.

We are all about decentralization and one thing we distrust most is the current economic fiat system. When the current financial system collapses and the dollar crashes, we strive to remain truly stable by pegging our token to the gold price. Where 1 $AMPLG = 0.01 gram of Gold.

Also, there were issues with the rebasing protocol. Because it’s always at a fixed time and date, there was huge volatility right before and after each rebase caused by bots, algorithms and traders. This has been tackled and implemented in $AMPLG. We do this by using a randomized rebase event, that triggers an average of 365 times a year but at random times.

How do rebase events work?

AMPLG’s Elastic Token supply DeFi-protocol has been inspired by AmpleForth’s token model, with some extra features like a randomized rebasing timing and model. $AMPLG reaches a supply-price equilibrium with its random rebasing. This means the volatility is in the token supply instead of the token price.

When you HOLD $AMPLG, you own a percentage of the total supply. Your holdings rise in value when the marketcap rises.

When the price of $AMPLG is above the target price. The contract will activate a rebase event to increase $AMPLG in circulation and vice versa.

The target price for 1 $AMPLG = 0.01 gram of Gold = $0.59067

To achieve price-supply equilibrium, the protocol expands and contracts supply in one of two ways. Given a price target, Pt and price threshold, δ:

if the exchange rate between AMPLG’s and its target is > Pt + δ, the protocol responds by expanding to coin holders proportionally.

if the exchange rate between AMPLG’s and its target is < Pt − δ, the protocol responds by contracting from coin holders proportionally.

Above the threshold (Pt + δ) the protocol expands.
Below the threshold (Pt – δ) the protocol contracts.

Also, a randomized, curved lag factor has been added. This allows the supply to increase faster at a low marketcap. If the supply is high, the lag factor has a bigger chance to be high as well.

Minimum Lag factor = 6
Maximum lag factor = 14

Token Distribution TOKEN

Make sure you’ve read our disclaimer

No pre-sales and whale plays.
There won’t be a pre-sale or private sale in this project. Everyone will start equally on this journey. This way we are trying to make sure that this token will be fully decentralized and the power is in the hands of the community. This is a community project after all!

Token allocation
5% LOCKED team tokens -These tokens are vested and will unlock with a rate of only 3% a week.
5% Uniswap liquidity – Tokens reserved for the Uniswap liquidity pool. These tokens will be locked with Unicrypt.
15% Marketing tokens – Promoting and expanding Ample Gold..
15% Development tokens – Can be used for upgrading and optimizing the gold pegged DeFi protocol. These funds are also reserved for future Exchange listings.
60% OTC Community – These tokens are reserved for the community and have been sold OTC at a small discount of 0.60c per $AMPLG.

Tokens are now tradable on Uniswap!

Beware of scammers!
Anyone contacting you about a private sale, or special deals are scammers. Make sure you are following the official channels to stay up to date.

Token Distribution at launch

  • Team - 5% (Locked)
  • Uniswap startup - 5% [Locked through unicrypt]
  • Marketing - 15%
  • Development - 15%
  • OTC-Community tokens - 60%
Initial Total supply

3.000.000 AMPLG

Initial Circulating Supply

2.400.000 AMPLG

Unsold tokens burned

94,522 AMPLG taken out of circulation (TxID)

Circulating supply at launch

2.305.478 AMPLG

Frequently asked questions FAQ

Below we’ve provided an overview of the most asked questions. If you have a question that isn’t answered below, please reach out to a team member for more information.

We live on uniswap since Aug 30th 2020: Scroll down for links to our uniswap trading page and unicrypt lock-up link.

1 AMPLG is pegged at 0.01 grams of gold. (roughly $0.62 at the time of writing) To achieve price-supply equilibrium, the protocol expands and contracts supply in one of two ways. this event gets triggered when the price drops below 0.095grams of gold (around $0.60 at the time of writing) or when the price rises above 0.0105g of gold. (roughly $0,65 at the time of writing). Scroll to the top of this website for the live Basetarget price.

We are using custom code and we use paxosgold (PAXG) price as the source for our gold index.

Since AMPLG is an elastic tokensupply protocol, this changes constantly. For an up to date overview of the current tokensupply, check the tokenomics section of the website.

The team strongly recommends that residents of the United States & China do not trade/purchase/acquire/sell AMPLG because the team can not ensure compliance with country regulations. Always make sure that you are in compliance with your local laws and regulations before you make any purchase. We have no control over this.

We have a flat organization, where we strive to be as decentralized as possible. AMPLG is a social and technical experiment exploring theg use-case for supply elastic tokens and not a digital currency. It is a decentralized and community driven project. Therefore all code is open-source.

When you think of it, it makes 100% sense. We are all about decentralization and one thing we distrust most is the current economic fiat system. When the current financial system collapses and the dollar crashes, we strive to remain truly stable by pegging our token to the gold price. Where 1 AMPLG = 0.01gram of Gold. Scroll to the top of the website for the live Base price target.

You can use the following formula: (current price – base target price) * wallet balance / (base target price * lag factor) Example: When you have 100 AMPLG at a current price of $1 where the goldprice of 0.01g of gold = $0.66 and the lag factor 10.00, the updated wallet balance would be adjusted by: (1 – 0.66) * 100 / (0.66 * 10) = 5.15 The new wallet balance would be 105.15 $AMPLG.

Yes. We will apply for coingecko as soon as the token is launched and will apply for coinmarketcap if we get on an exchange.

We hope we will get listed on a centralized exchange, but we will start on uniswap. Obviously, we can't make any comments on this. We will update the community if we have any news on it. AMPLG is a social and technical experiment exploring the use-case for supply elastic tokens and not a digital currency. Our goal is to make it as decentralized and community driven as possible.

Yes, the liquidity pool is locked using Unicrypt. Proof of lock: https://unicrypt.network/uniswap-browser/pair/0x15a6Ff0e22404Fa28BF1A5dc0688c8b655E798B8

Contact us CONTACT

You can reach us via amplegold@protonmail.com
Or through our Telegram channels:

Telegram:

– Ample Gold Public channel
– Ample Gold Announcement channel
– Ample Gold Rebase Alert channel


Our smart contracts on the Ethereum mainnet and source code repository:

Github: www.github.com/amplegold
AMPLG Token: Etherscan
AMPLG Gold Policy: Etherscan
AMPLG Gold Oracle: Etherscan
AMPLG Sunshine Reserve (Liquidity staking): Etherscan
AMPLG Team Reserve: Etherscan


Uniswap + Unicrypt Proof of Lock:
Uniswap: https://uniswap.info/pair/0x15a6ff0e22404fa28bf1a5dc0688c8b655e798b8
Unicrypt Proof of Lock: https://unicrypt.network/uniswap-browser/pair/0x15a6Ff0e22404Fa28BF1A5dc0688c8b655E798B8


Disclaimer:

Make sure to read our disclaimer! Disclaimer
AMPLG is a social and technical experiment exploring the use-case for supply elastic tokens and not a digital currency!