This article will cover how to buy Ampleforth Governance Token (FORTH) as well as what it is, its use case, and its value.
Ampleforth Governance Token FORTH is the first governance token developed by Ampleforth, a Swiss-registered team experienced in asset management and blockchain. Its purpose: granting FORTH holders a say in organizational decisions.
Ampleforth is creating an ecosystem with which organizations can issue their own tokens to be used in internal processes, making it easier for them to track these processes on the blockchain. FORTH will also act as collateral on our AMPLE Asset Management Platform (AMP), where organizations can raise capital from investors using securitized crypto assets they already hold. Finally, it will serve as a currency within the network of partner companies that develop solutions on top of AMPLE Network; They are currently exploring partnerships with game development studios (Unity, Unreal), and app stores.
How does Ampleforth governance token work?
FORTH is not an investment asset. It does not entitle holders to any dividends or other distribution of profit, nor does it act as security representing ownership in Ampleforth.
FORTH has three main uses:
1. Governance Token on AMPLE Network Organization participants will be able to issue FORTH-denominated tokens that don’t require special software for their holders to track them (useful if they have trouble reaching critical mass). Organizations can also calibrate the number of FORTH needed by a decision-maker and how far back FORTH history must be accessible in order to take part in decisions; anything more than 5–10 years would probably be useless, so forwards may account for less than 1% of tokens issued.
2. Collateral on AMPLE Asset Management Platform Investors can choose to lend money to a company using its FORTH, BCPT, and other token holdings as collateral. They’ll receive an annual interest from the current account of the borrower in proportion to their stake in the asset (up to a predetermined threshold). This is similar to how banks work when you deposit your savings account at a fixed rate of interest – but there are no middlemen here. The interest rate will be dynamic and depend on the pricing of calculated risk. Also, investors won’t receive any dividends or distributions from BCPT held by the borrower – they will only earn what comes out of that borrower’s pocket. Example: A company receives a loan with 50m FORTH as collateral, which it immediately exchanges for USD / EUR / BTC. The borrower then spends these funds in order to grow the company and make a profit. In the meantime, you receive interest on your stake of 10% while the borrower obtains funding at an average rate of 2%.
3. Payment method inside AMPLE ecosystem FORTH will be used as currency within partner companies that build solutions on top of AMPLE Network; They are currently exploring partnerships with game development studios (Unity/Unreal) and app stores. There may also be special use cases enabling direct payments between organizations using FORTH tokens; perhaps for internal compensation after externalization or outsourcing some process? They have not a working model yet but they are exploring different options.
How to buy Ampleforth Governance Token (FORTH) on Coinbase.com
Once you have verified your email address, log in to your Coinbase account.
Click Login/sign up at the top right of any page on our website:
Sign in with Google+ or through a social media account.
Verify that your identity by uploading an image of your ID document or passport.
Now click the Buy/Sell tab on the top left side–>Buy Ampleforth Governance Token (FORTH). Enter quantity (you can buy 1 FORTH at first) –>€/$ price per unit–>your wallet address (or more info) and click continue.
And there we go, wasn’t harder than that to buy Ampleforth Governance Token (FORTH) on coinbase.com
Is Ampleforth governance token a good investment?
This is a risky investment. I think that Ampleforth governance token has great potential if they can deliver their plans to the market, so it is a good investment for people who like risk and like to speculate with new upcoming projects.
What two tokens give the community control over Ampleforth?
The two tokens are being issued on the AMPLE network:
Ampleforth’s own ERC20 token, which we’ll call ‘Forth’. 2. Another ERC20 token (or an NFT), which we’ll call the membership card.
And here is how they will work together:
The decision-making role of Forth will be governed by a smart contract specifically designed for this purpose, alongside Ethereum smart contracts already in place to perform other functions such as managing member identities and permissions.
Only members that hold at least one membership card can deposit their tokens into the governance contract and thus play a part in making decisions about what kind of projects should be funded with AMPLE capital or how to move the AMPLE development forward.
Membership cards, on the other hand, will be used to activate voting rights on Forth. This will work by requiring cardholders to ‘stake’ their membership card for a particular vote. The more you stake (the longer you keep your membership card in an active staking state), the louder your voice is weighted in that decision. If less than 60% of people vote, then no money is moved and the vote fails; if more than 60% of people vote, then it automatically passes whether or not enough people have staked tokens.
The philosophy behind this setup was inspired by Robin Hanson’s observations about futarchy. We think that funds should only be spent when there is a clear consensus in the community. That is why we needed to find a way to incentivize people by letting them earn from their own investments. Therefore, if you choose not to stake your membership card for that particular vote, then you won’t get any dividends or have any say in whether money gets moved around. However, if you do stake your membership card and you happen to be outvoted (if less than 60% of people voted), then at least you’ll end up with some free AMPLE tokens for your investment into this particular project!
By using both Forth and membership cards, we are able to ensure that the people who contribute most significantly towards making decisions are also rewarded most handsomely for it.
I like the idea to have the two different tokens in order for people to vote on governance and also be paid dividends. It makes sense that people who really believe in a project will also invest more money into it.
To know what happens with the capital raised from selling these ERC20 tokens, you can read their whitepaper here: https://github.com/the-ampleforth/docs/blob/master/whitepaper.md
What is the value of Ampleforth Governance Token?
The value of Ampleforth governance token is determined by supply and demand just like any other cryptocurrency or utility tokens such as Ethereum, Bitcoin, or BAT . As long as you find utility in this particular blockchain network ( AMPLE.network ), you are likely to pay a market price for any of the tokens that can give you access to this blockchain and thus play a part in any decision-making process.
It all depends on how much money is raised from selling these tokens. The more capital they have, the more they will be able to do with it. That’s why its a good investment because there is potential for growth if this project gets developed further. I like projects that raise money so they can spend it according to the community’s needs – especially when they are not raising money from their own pocket but rather from people who believe in them and what they want to do!
How to store your Ampleforth Governance Token (FORTH)?
You can store this ERC20 token in any ERC20 compatible wallet. Personally, I recommend MyEtherWallet, MetaMask, and Trust Wallet or hardware wallet.
Read our reviews of Ledger Nano S and Ledger Nano X here.
Wrapping things up
Ampleforth is a governance token that aims to democratize the distribution of wealth and power. The FORTH tokens emit from the blockchain, which can be purchased on Coinbase at any time. Investors have been buying up these coins as they believe it will grow in value over time because this particular coin will be used to govern who has access to resources such as money and property through voting rights. Some investors say there’s not enough information available about what makes FORTH different than other decentralized financial systems so far, but others are already predicting its success by estimating it may have a potential worth between 2-10% of Ethereum’s market cap within 5 years if their plan comes to fruition.
I think it is great that they are using FORTH and their own blockchain to do this! I hope in the future, we will be able to invest in these other causes such as nature conservation, animal welfare, etc. It makes sense for people who really care about a certain cause or charity organisation to have a say.