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Ampleforth Governance Token (FORTH)
The Governance Token for Ampleforth, An Algorithmic Stablecoin.
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Ampleforth Governance Token (FORTH) is the native ERC-20 governance token of Ampleforth (AMPL), which is an algorithmic stablecoin with a fluctuating supply. FORTH will be used to vote on upgrades and changes of protocol parameters.
FORTH is an inflationary token that can be directly utilized or delegated to propose and vote on changes to the Ampleforth protocol. Token holders may decide to delegate their votes to representatives who will utilize the voting power on their behalf.
15 million FORTH have been minted at genesis and are available to be claimed by the community, participants and key contributors. The initial supply will be available immediately, and future inflation will be set at 2 percent annually. The allocation of FORTH token to the Ampleforth ecosystem will be distributed as follows:
67% of FORTH to the AMPL community.
33% of FORTH to early backers (e.g., the core development team, advisors, supporters and the Ampleforth Foundation).
Learn more about the token distribution of FORTH tokens here.
As at April 23rd 2021, the total supply of FORTH is 15,000,000 and the current circulating supply is 3,844,920 (25.6%).