Ampleforth Governance Token Price (FORTH)

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1 FORTH =$3.17Last updated:
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Price of Ampleforth Governance Token (FORTH) today

As of the latest data, Ampleforth Governance Token (FORTH) is currently priced at $3.17 with a market capitalization of $35.13M. The 24-hour trading volume stands at $2.81M, The circulating supply of Ampleforth Governance Token is approximately 15.00M. The cryptocurrency has seen a -0.5% decrease in value over the past 24 hours.

Best Ampleforth Governance Token (FORTH) Prices

About Ampleforth Governance Token (FORTH)

Ampleforth Governance (FORTH) is the native governance token for the Ampleforth protocol. This protocol automatically adjusts the supply of its native token, AMPL, based on demand. FORTH holders have the power to vote on proposed changes to the protocol or delegate their votes to representatives who can vote on their behalf. This governance token plays a crucial role in decision-making within the Ampleforth ecosystem.

FORTH allows holders to actively participate in shaping the future of the Ampleforth protocol. By voting on proposed changes, users can influence the direction of the project and ensure that decisions align with the community's best interests. Additionally, the ability to delegate votes provides flexibility for those who may not have the time or expertise to vote on every proposal themselves.

With a link to its GitHub repository and website, FORTH offers transparency and accessibility to its users. The asset also maintains an active presence on Twitter, keeping the community informed about updates and developments. Overall, FORTH serves as a key component in the governance structure of the Ampleforth protocol, empowering users to have a voice in the platform's evolution.

How does Ampleforth Governance Token work?

Ampleforth Governance (FORTH) operates as a decentralized autonomous organization (DAO) on the Ethereum blockchain, allowing users to participate in governance decisions through peer-to-peer transactions. FORTH token holders can propose and vote on changes to the protocol, such as adjustments to the supply of Ampleforth's native token (AMPL). The underlying blockchain technology ensures transparency and immutability of transactions, while consensus mechanisms like proof of stake validate the network. Unique features of Ampleforth Governance include its elastic supply mechanism, which adjusts token supply based on demand to maintain price stability. Use cases for FORTH extend beyond traditional finance to include decentralized finance (DeFi) platforms, prediction markets, and other applications where decentralized governance is essential. Overall, Ampleforth Governance stands out from traditional financial systems by offering a decentralized, community-driven approach to decision-making and value creation.

How to keep your Ampleforth Governance Token (FORTH) safe?

To keep your Ampleforth Governance (FORTH) safe, consider using hardware wallets like Ledger for enhanced security. These wallets store your private keys offline, making it difficult for hackers to access your funds. Additionally, trusted platforms like Uphold, Kraken, and Binance offer secure storage options and advanced security features to protect your assets. By utilizing these platforms and hardware wallets, you can safeguard your FORTH tokens from potential threats and ensure peace of mind when managing your investments.

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