Base-money protocol Ampleforth reportedly disclosed details of a release of its new governance token, laying the foundation for future expansion and community engagement, after a successful 2020. 

Particularly, the project reportedly shared that the FORTH is dedicated to function as the foundation of Ampleforth’s evolution, with more than 75,000 users to be founding individuals of the governing body. 

By having FORTH tokens in their possession, users will reportedly have the freedom to propose and vote on adjustments to Ampleforth’s protocol.

An overall figure of 15 million governance tokens will reportedly be up for grabs throughout 2022. 

“A perpetual inflation rate will be set at 2% annually after the first year, ensuring continued participation and contribution to Ampleforth at the expense of passive FORTH holders.” Ampleforth reportedly remarked regarding the tokenomics of FORTH. 

Ampleforth reportedly operates as an Ether-powered protocol, built to function as the base money of the new decentralized economy. Its AMPL token has been programmed to be stable around an equilibrium price target, but will not be classified as a stablecoin, due to its independence on centralized collateral, such as banks and other traditional financial organizations.

Rolled out in 2019 to operate as an initial exchange offering on Bitfinex, the AMPL token sale reportedly managed to secure an approximate amount of $5 million in just 11 seconds. 

The firm reportedly shared that in 2020, Ampleforth wallets have experienced a surge, from around 2,000 to 80,000. 

In the three months following its release on Uniswap in June last year, the number of AMPL holders underwent a ten-time increase, standing at 55,113.