Ampleforth (AMPL) is an elastic, bankless, non-dilutive cryptocurrency. The AMPL protocol automatically adjusts supply in response to demand.

• Supply adjustments occur universally and proportionally across all wallet balances. This means your percent ownership of the network does not change.
• Similar to precious metals, many fixed supply cryptocurrencies are vulnerable to sudden increases in demand. Therefore sophisticated economies cannot be built upon them.
• In the short term, AMPL could be used as a diversifying asset in cryptocurrency portfolios. However, the team is working towards developing a coin that can be used as reserve collateral in decentralised banks and an alternative to central-bank money.

Ampleforth believes today's cryptocurrenices are dangerously correlated and seek to use their unique incentives to decouple from Bitcoin's price pattern. AMPL looks to combine the best of Bitcoin and stablecoins, to provide a suitable alternative to centralised money.