Stable currency rising steadily forever: 1913,Source: St. Gallen defi Explorer
AMPL has increased the wealth of countless encrypted currency investors by tens of times, and more imaginative 1913. Its birth will bring the limit expansion of wealth acceleration, and make the cycle of financial market cycle thousand times faster, so that the expansion of bubbles will increase with the rate power of breakup and reorganization. Predictably, smart participants will achieve class transition in the 1913 experiment.
AMPL (Ampleforth) is a cryptocurrency that promotes the "flexible price" feature to the extreme in the defi system. It will issue additional or reduce the quantity according to the market demand
AMPL's benchmark is 1 usdt, and when the price is higher than $1, it will issue additional shares, and vice versa.
AMPL split logic:
If the price is about 5% higher (lower) than the benchmark line (1usdt), it will be issued (shrinkage loss) at a fixed time after every 24 hours
Most cryptographic protocol tokens act like agreement share ownership, but AMPL is intended to be a currency. Interest in this financial model has greatly increased. On June 1, ampl had a market value of $7.8 million. Less than two months later, its market value was $330.5 million, an increase of 4130%.
The benchmark line of 1913, which is rising continuously, is no longer like ampl anchoring US $1, but is continuously rising at the rate of 1% of compound interest every day, thus driving up the currency price. The daily benchmark price is based on the previous day's increase of 1%, and the initial price is 1 usdt.
Let's look at the difference between 1913 and AMPL
Expression of benchmark price (y) after ampl release
Y=1
The formula for calculating the benchmark price (y) after the issue of 1913 is as follows:
Y = 1.01 ^ (x-1) y: benchmark price X: issue days
The issue price of ampl is US $1. It has been more than a year since it was issued. When the market participation was the highest, the single ampl rose to US $4. Up to now, the quotation of ampl is $1.5, which is 50% higher than the issue price.
Follow the St. Gallen defi explorer to see 1913, which is expected to be released a year later
Calculation formula of 1913 benchmark price: y = 1.01 ^ (x-1) y: benchmark price X: issue days
1 year = 365 days, substituting x = 365, y = 37.78
One year later, the benchmark price of 1913 will reach US $37.78, which is 37.78 times of the issue price. That is to say, after only one year, the benchmark price of 1913 will be 8 times higher than the historical highest currency price of ampl. According to the price determined by supply and demand, the price of 1913 will be infinitely close to the benchmark price, and follow the base price index to rise, so as to achieve sustainable growth. Today, with unlimited market potential of defi, it is impossible to imagine what a horrifying market value 1913 will create.
In order to make the anti vulnerability of the early development system of "1913", we see in the white paper that the "invisible hand" mechanism will be triggered 48 hours after the currency price is lower than the benchmark price. 50% of the initial capital will be used for repurchase, which will prompt the 1913 currency price to return to the benchmark price rapidly. This kind of mechanism is very sexy and gives great confidence to the early participants.
It seems that we should not be so rational in this wealth storm of time, location, and people brought by defi.
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We found 1913 on twitter, and we found these interesting pictures
