Topic: A new DeFi stablecoin @AmpereForce, similar with Ampleforth (Read 114 times)

What is AmpereForce Protocol
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AmpereForce is a highly flexible and scalability decentralized money supply protocol for smart product-currency crypto assets. AmpereForce protocol wants to achieve price-supply balance, in response to price deviation from the CPI (Consumer Price Index) target, to reduce volatility, and to optimize the Ample protocol, with the anchor price of $1. AmpereForce is also based on the fluctuant price range of AmpereForce tokens and crypto market indexes (such as BTC, ETH and other major currencies) in the past 24 hours, relates the deviation of AmpereForce and the anchor of 1 USD with the amplitude of the crypto market index. Increase or decrease the balance of all tokens held in proportion, relate the price of the currency with the main trend, and reduce the reflection by the project team or whale users to control the Rebase factor. AmpereForce token holders could also determine the weight of the AmpereForce tokens and cryptocurrency index by voting.

AmpereForce Overview
Token name: AmpereForce
Token symbol: AF
Total supply: 2,100,000 (2.1 million tokens), no pre-selling, no pre-mining, no foundation, and complete community management
Initial price: USD $1 / AF
100,000 are used for uniswap/sushiswap or other dex liquidity, and the other 2,000,000 are used for liquidity mining rewards. The mining reward will be synchronized with each block of Ethereum.

AmpereForce Economic Model
The Ample protocol is an excellent economic model, but it is not perfect. First of all, Ample only has one factor of Rebase that based on the price of Ample token within 24 hours, so the project team or Ample whale holders has the opportunity to control the Rebase factor. AmpereForce borrows Ample’s model and optimizes it. The Rebase time of AmpereForce Rebase keeps the same with Ample (02:00 UTC+0 every day). The Rebase factor computed according to the price of the AmpereForce token price and crypto market index in the last 24 hours (here, choose 5 main currencies exchanges as references, and display each currency weight on the official website), proportionally increase or decrease the number of tokens held by each account. The initial weight is 50%: 50%. By doing so, the price of AmpereForce tokens is related to the crypto market index, which becomes a direct expression of the crypto market index, and reduces the reflection of the project team or whale holder.
The daily AmpereForce amplitude formula is:

(priceOf(AF)-1USD)/1USD*weightOf(AF)+CryptoIndexAmplitude*weightOf(CryptoIndex)

https://miro.medium.com/max/2055/0*HWQXMVGdcsLSqEXB

Here:
weightOf(AF) means the weight of AmpereForce token [0, 1]
weightOf(CryptoIndex) means the weight of digital currency [0, 1]
weightOf(AF) + weightOf(CryptoIndex) = 1
CryptoIndexAmplitude means the amplitude of the digital currency [-100%, +100%]
The following table shows the Rebase amplitude details.

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Example: in the past 24 hours, the price of the AmpereForce token has reached to USD 1.2, the increase is (1.2–1.0) / 1.0 = 20%, and the crypto market index has down 10%, each weight is 50%.
AF index=20% * 50%
Crypto market index = -10%*50%
CPI index = AF index + Crypto Market index = 10%
Rebase factor = CPI index / RebaseLag = 10%/10 = 1%
Then the number of tokens held by everyone will increase by 1%. If the result of the deviation from the CPI index is negative, then the number of tokens held by each person will be reduced accordingly.

AmpereForce voting rights
Enabling users to vote is an important expression of AmpereForce’s community governance. All users who hold AmpereForce token have the right to vote. For example, AmpereForce adjusts the crypto weight of Rebase tokens to 50%: 50%. Everyone who holds AmpereForce token can vote to adjust this ratio, or add one crypto coin as a new reference index.
And, the AmpereForce community also requires holders to vote for development decisions. Every AmpereForce token holder is a member of the AmpereForce ecosystem and has the right to control and supervise the community.

AmpereForce final goal
AmpereForce is a basic currency that is based on algorithmic reserve and flexible money supply system. AF anchors the CPI (Consumer Price Index) in price to maintain around USD $1 and keep the stable price through market supply and demand. Higher than the benchmark price, increase supply, lower than the benchmark price, reduce circulation. Finally it will become one stable digital currency in the digital currency industry.
The target price set by AF is anchored as CPI (Consumer Price Index), and the amplitude threshold δ is 5%. That is, when the price of AmpereForce and the digital currency index have increased by more than 5% in the past 24 hours, the balance of AF tokens in all wallets will be increased; when the price of AmpereForce and the digital currency index have fallen by more than 5% in the past 24 hours, the balance of AF tokens in all wallets will be reduced. This is AmpereForce’s “token base readjustment” mechanism.
AmpereForce liquidity mining
Liquid mining ensures the development of AmpereForce, and 2,000,000 AmpereForce tokens will be produced during liquid mining.

📣Website: https://www.ampereforce.com
📣Telegram: https://t.me/AmpereForce
📣Github: https://github.com/ampereforce
📣Twitter: https://twitter.com/AmpereForce
📣Forum: https://bitcointalksearch.org/topic/m.55215824