Ampleforth Governance
FORTH
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
FORTH (Ampleforth Governance) achieves an overall weighted score of 4.7/10 across all six evaluation sections. On the positive side, FORTH benefits from a clean security record with no history of protocol-level hacks or smart contract exploits, historical audits from SlowMist and Trail of Bits, and an established team with a structured, on-chain 6-stage DAO governance framework. However, the token suffers from severe structural and market headwinds: FORTH functions purely as a governance asset lacking fee-accrual or staking yield mechanics, has seen its token contract repository remain frozen since March 2021, and has experienced severe liquidity degradation and a ~99.9% price collapse from its peak. Furthermore, recent major exchange delistings—specifically by Binance in April 2026, BloFin in March 2026, and OKX Singapore in September 2025—have sharply constricted market access and community breadth, confining ongoing activity to episodic governance voting and maintenance.
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 Governance (FORTH)
FORTH (Ampleforth Governance) is the native ERC-20 governance token of the Ampleforth protocol. Founded by Evan Kuo and Brandon Iles and backed by the Ampleforth Foundation, FORTH provides voting rights to the Forth DAO to govern protocol parameters and ecosystem developments. The DAO utilizes a documented six-stage governance process with on-chain execution and proposal management facilitated through platforms like Tally.
The token operates with a fixed supply and is nearly fully circulating. FORTH functions strictly as a governance mechanism, offering no built-in fee capture, staking yields, or economic revenue-sharing mechanics. Protocol development has transitioned into a maintenance posture with periodic releases, such as the SPOT v5 upgrade in July 2025, while the core token contract repository has remained unchanged since March 2021. The underlying protocol contracts were audited historically by firms including SlowMist, Trail of Bits, and CertiK, and the project has no recorded history of smart contract hacks or exploits.
Despite a clean security record, FORTH faces severe market headwinds and liquidity challenges. The token has experienced a price decline of approximately 99.9% from its all-time high and has been subject to multiple centralized exchange delistings, including removals by OKX Singapore in September 2025, BloFin in March 2026, and Binance in April 2026. These delistings have constrained market access and liquidity, leaving community engagement centered around a small group of governance participants.