Ampleforth
AMPL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Ampleforth (AMPL) is an established, algorithmic elastic-supply token operating on Ethereum that utilizes daily rebases targeting a 2019 CPI-adjusted USD value. Across the evaluation dimensions, AMPL presents a mixed profile: Security and Audit History is a key strength (Score 7.5/10), supported by extensive multi-firm formal audits (Trail of Bits, SlowMist, CertiK) with zero recorded exploits or protocol-level hacks, albeit with audit staleness since 2021. Team and Governance (Score 7.0/10) is solid with public leadership (Evan Kuo) and decentralized governance via Forth DAO ($FORTH). Community Support (Score 6.5/10) reflects active governance forum discourse, including recent upgrades like SPOT v5. However, the token suffers from serious market headwinds: Market and Use Case (Score 3.5/10) highlights sub-$5M market capitalization, near-zero trading volume, and frequent target price deviations. Tokenomics (Score 5.5/10) is non-dilutive but separates governance rights entirely to FORTH and relies heavily on external oracles amidst very thin liquidity. Active Development (Score 4.5/10) indicates a mature protocol in maintenance mode. No qualifying red-flag cap applies as no fatal exploit, unrecovered depeg, or regulatory enforcement occurred.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Ampleforth (AMPL)
Ampleforth (AMPL) is an algorithmic, elastic-supply cryptocurrency operating on the Ethereum blockchain as an ERC-20 token. Designed to act as a non-collateralized synthetic commodity, AMPL adjusts the balance of all tokenholder wallets automatically once per day via on-chain smart contracts. This rebasing mechanism alters circulating supply proportionally to target a purchasing power equivalent to a 2019 consumer price index (CPI)-adjusted U.S. dollar, rather than maintaining a fixed token quantity.
The project was founded with public leadership including CEO Evan Kuo. Governance for the protocol is separated from AMPL and managed by the Forth DAO through the FORTH governance token. The ecosystem has introduced supporting components such as wrapped AMPL (wAMPL), stAMPL, and the SPOT derivative, including the release of the SPOT v5 upgrade in July 2025. Ampleforth's smart contracts have undergone formal security assessments by firms including Trail of Bits, SlowMist, and CertiK, with no history of protocol-level hacks or exploits.
Despite its technical architecture, AMPL operates in a niche market environment and faces liquidity and exchange headwinds. The token exhibits very low trading volume, a market capitalization under $5 million, and historical price volatility that frequently deviates from its CPI-adjusted target. Additionally, the protocol encounters exchange access reductions, including Bitfinex's scheduled delisting of AMPL trading in March 2026, alongside an audit gap where the core codebase has not had formal third-party audit updates since February 2021.