What is Ampleforth Governance (FORTH)? How to Buy FORTH Token in India?

What is Ampleforth Governance (FORTH)?

Ampleforth is a decentralized protocol on top of the Ethereum blockchain, creating an elastic ecosystem for financial services and new money innovations. It offers users a seamless and efficient platform for staking, lending, borrowing, wrapping tokens, and safe asset collateral. It primarily operates through its unit account- AMPL protocol, inflation-resistant value storage protocol SPOT, and its decentralized autonomous governance protocol FORTH. Ampleforth protocol’s governance is powered by the native token FORTH, which gives holders- governance rights to vote on proposals, DAO treasury and shape the future of the Ampleforth ecosystem.

Who are the Founders of Ampleforth Governance?

Ampleforth Protocol was co-founded by Evan Huo (CEO of Ampleforth) and Brandon Iles back in 2018. The team launched its whitepaper in July 2019, outlining the vision of a decentralized platform focused on achieving a price-supply equilibrium. Bradon holds a Master’s in Computer Science and has previously served as a software engineer at leading companies like Uber, Google, etc. Evan has vast experience in product, marketing, fundraising and has founded Easy As Pi and Crowdrally. 

How does Ampleforth Governance (FORTH) work?

Ampleforth’s Forth DAO (decentralized autonomous organization) solely works for the growth and expansion of the AMPL protocol. Here’s is step by step procedure of Forth governance:

• Idea generation: The community members discuss the platform’s growth and propose changes or ideas across various platforms, including Discord governance channel, Forum, social media, etc. 
• Governance Proposal: Once an idea gathers enough support, it is outlined and formalized into a proposal- Ampleforth Improvement Proposal (AIP) or Configuration Change Proposal (ACCP).
• Discussion: Each of the created proposals has its discussion forums to resolve outstanding issues and solidify its details. The token holders give off-chain non-binding input and insights into the potential outcome.
• Technical Development: When the proposal is approved- the changes are implemented in code, then tested on testnet and security audits before the final launch.
• Binding Vote and Deployment: Next, the binding vote occurs on-chain, where token holders directly vote or delegate votes to another address to vote on their behalf. Once approved, the code is implemented successfully without intermediaries.

What makes FORTH Unique Use Cases?

• FORTH has protocol-enforced inflation of 2% per year, and its emission is ruled by DAO governance.
• FORTH holders can participate in shaping the allocation of funds managed by the DAO and Ampleforth ecosystem.
• Ampleforth ecosystem powers several projects such as Buttonwood Zero, AMPLtools, ElasticSwap, HourGlass, and more.

Ampleforth Governance (FORTH) Price Analysis

Source: TradingView

• FORTH price today is trading at $2.99, with a 24-hour trading volume of $8.66 million. In the last 24 hours, The FORTH price has dropped by 1.52%, and its market cap is $45.63 million as of August 04, 2023.
• FORTH price oscillated in a closed range for over a month before touching a YTD low of $2.08 around mid-June. Nevertheless, it has since staged a substantial recovery of over 40% and is currently trading above 50MA.
• If the market sentiment remains positive and FORTH rises above its recent resistance at $3.2, it might rally again.

How to Buy FORTH Tokens in India?

To buy FORTH Token in India, just follow the below-mentioned steps:

• Download the CoinDCX App
• Enter the details for registration.
• Complete KYC
• Once your profile is verified, add funds and buy FORTH Tokens.