FORTH
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FORTH

Ampleforth Governance Token 2-5 years
Website https://www.ampleforth.org/
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OTH RELPs
White Paper
Avg Price
-6.9%
1D

$ 3.138 USD

$ 3.138 USD

Market Cap

$ 49.925 million USD

$ 49.925m USD

24h trading volume

$ 802,937 USD

$ 802,937 USD

7d Vol

$ 13.698 million USD

$ 13.698m USD

Circulating supply

14.997 million FORTH

Related information

Issue Time

2021-04-22

Platform pertained to

--

Current price

$3.138USD

Market Cap

$49.925mUSD

Volume of Transaction

24h

$802,937USD

Circulating supply

14.997mFORTH

Volume of Transaction

7d

$13.698mUSD

Change

24h

-6.9%

Number of Markets

116

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Current Rate0

Available

0.00USD

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Historical Price

Introduction

Markets

3H

+1.21%

1D

-6.9%

1W

-3.24%

1M

-3.55%

1Y

+10.94%

All

-92.87%

Aspect Information
Short Name FORTH
Full Name Ampleforth Governance Token
Founded Year 2021
Support Exchanges Uniswap v2, KuCoin, Sushiswap (Ethereum), Bitget, Gate.io, MEXC, LATOKEN, digital exchange.id, Binance, Bitfinex, etc.
Storage Wallet Metamask, Coinbase Wallet, Trust Wallet, AAVE Wallet, imToken, Rainbow, Argent, Exodus, MyEtherWallet, Ledger Nano
Customer Support Social media: Twitter, Telegram, GitHub, Discord, forum; Email: info@ampleforth.org

Overview of FORTH

FORTH, also known as the Ampleforth Governance Token, is a cryptocurrency token that was introduced in 2021. It operates on various blockchain platforms through various decentralized applications (dApps). The token is supported and can be traded on several exchanges including Binance, Coinbase, and Kucoin. For storage purposes, the FORTH token can be stored in several wallet options such as Metamask, Coinbase Wallet, and Trust Wallet. As a governance token, FORTH enables holders to vote on proposals related to the ecosystem's improvement and future development.

To obtain more information, you can visit their website:https://www.ampleforth.org/ and try to log in or register to use more services.

Forthright's homepage

Pros and Cons

Pros Cons
Supported on major exchanges Price volatility
Can be stored in popular wallets
Pros of FORTH token:
  • Major Exchange Support: FORTH is supported and can be traded on major cryptocurrency exchanges, such as Binance, Coinbase, and Kucoin.

  • Wallet Storage: FORTH can be securely stored in widely-used and popular digital wallets like Metamask, Coinbase Wallet, and Trust Wallet.

Cons of FORTH token:
  • Price Volatility: This high level of volatility means the value of FORTH can fluctuate wildly in a short period, potentially leading to significant losses for investors.

Crypto Wallet

Manage, swap, and govern your FORTH seamlessly with the official Ampleforth Governance Wallet. This secure, multi-asset platform empowers you across Web, Android, and iOS:

  • Send, receive, and exchange FORTH with ease.

  • Hold, manage, and swap over 1000 cryptocurrencies and tokens.

  • Participate in governance, vote on proposals, and shape the future of Ampleforth.

  • Explore DeFi opportunities like staking, liquidity pools, and yield farming.

  • Enjoy robust security features for complete peace of mind.

Users can download the wallet directly from the Apple App Store for iPhone users or the Google Play Store for those on Android devices. There's also a desktop version available for those who prefer managing their FORTH on a computer, ensuring a seamless experience across different devices.

Crypto Wallet

What Makes FORTH Unique?

The innovation of FORTH, also known as the Ampleforth Governance Token, comes primarily from its role as a governance token. Unlike traditional cryptocurrencies, which primarily function as a medium of exchange, a store of value, or a unit of account, governance tokens like FORTH grant holders the right to participate in decision-making processes related to ecosystem improvements and future developments. This allows for a more democratic and user-centric approach to the development and evolution of the ecosystem it governs.

In terms of how it differs from other cryptocurrencies, FORTH's distinction largely lies in the ecosystem it is associated with - the Ampleforth ecosystem, a type of elastic supply cryptocurrency where the supply of the token expands or contracts daily based on market conditions. While there are other governance tokens in the market, the specificity of FORTH's affiliation grants it a unique position.

mission

How Does FORTH Work?

FORTH functions as a governance token within the Ampleforth ecosystem. Its primary role is to allow holders to participate in decision-making processes, thereby influencing the ecosystem's direction. As such, FORTH doesn't operate typically like a currency or store of value, but more like a tool for decentralised decision-making.

Key operational principles of FORTH include the direct influence of token holders, the promotion of ecosystem development, and the provision of decentralized governance. Token holders, who are essentially stakeholders of the ecosystem, can propose, discuss, and vote on developments and improvements within the ecosystem. This voting right ensures a degree of democracy within the ecosystem and allows for its evolution based on collective stakeholder input.

Like other cryptocurrencies, FORTH operates on the blockchain, a digital public ledger where transactions are recorded. Being on the blockchain offers the benefits of being decentralized, secure, and transparent.

FORTH is affiliated with the Ampleforth ecosystem, a type of elastic supply cryptocurrency. This means its supply expands and contracts based on market demand, which is part of the Ampleforth protocol's attempt to balance supply and demand. This mechanism works on a rebase, which happens every 24 hours.

Market & Price

Coin airdrop

September 2023: This airdrop distributed 67% of the total FORTH supply to eligible participants who interacted with the AMPL ecosystem before a specific snapshot date. These interactions could include holding AMPL tokens, participating in governance proposals, or using DeFi protocols like Ampleforth Expansion (AMPLX). However, this airdrop has already concluded, and claiming those tokens is no longer possible.

Price of FORTH

The price of Ampleforth Governance Token (FORTH) has experienced notable fluctuations since its launch in September 2023.

Initial Surge:

  • FORTH launched with a price of around $38 and quickly surged to an all-time high of $92.09 in October 2023, likely driven by the excitement surrounding the airdrop and the innovative rebasing mechanism of the Ampleforth protocol.

Correction and Stabilization:

  • Following the initial surge, FORTH's price underwent a correction phase, dipping below $30 by November 2023. This can be attributed to profit-taking from early investors and concerns about the long-term sustainability of the rebasing mechanism.

  • Since then, FORTH's price has stabilized around the $3-$4 range, with occasional swings in both directions.

Recent Trends:

  • In the past week, FORTH has seen a slight upward trend, currently trading around $3.30 as of January 27, 2024. This could be due to a combination of factors, including:

    • Increased awareness and adoption of the Ampleforth protocol.

    • Positive developments within the DeFi ecosystem.

    • General market sentiment towards cryptocurrencies.

Exchanges to Buy FORTH

1. Binance: As one of the largest and most well-known cryptocurrency exchanges, Binance offers a trading platform for a wide range of cryptocurrencies.

Steps:

1. Create a free account on the Binance website or the app.

  • Binance is a centralized exchange where you can buy several cryptocurrencies including Ampleforth Governance Token. Before you can use the Binance platform, you'll need to open an account and verify your identification.

    • Register via the Binance App

    • Register via the website using your email and mobile number

2. Choose how you want to buy the Ampleforth Governance Token asset.

  • Click on the “Buy Crypto” link on the top of the Binance website navigation to know about the available options to buy Ampleforth Governance Token in your country.

3. Check the payment details and fees.

  • You have 1 minute to confirm your order at the current price. After 1 minute, your order will be recalculated based on the current market price. You can click Refresh to see the new order amount.

4. Store or use your Ampleforth Governance Token in Binance.

  • Now that you bought your crypto, you can store it in your personal crypto wallet or simply hold it in your Binance account. You can also trade for other crypto or stake it on Binance Earn for passive income. If you would like to trade your Ampleforth Governance Token to a decentralized exchange you may want to check Trust Wallet which supports millions of assets and blockchains.

See this link for details on how to buy FORTH: https://www.binance.com/en/how-to-buy/ampleforth-governance-token

Binance

2. MEXC: It is a Singapore-based cryptocurrency exchange. It operates exchanges of over 200 cryptocurrencies, offering spot, margin, and futures trading.

Steps:

1. Create a free account on MEXC Crypto Exchange via website or the app to buy FORTH Token Coin.

  • Your MEXC account is the easiest gateway into buying crypto. But before you can buy FORTH Token (FORTH) , youll need to open an account and pass KYC (Verify Identification).

    • Register via the MEXC App

    • Register via the MEXC website using your email

    • Register via the MEXC website using your mobile number

2. Choose how you want to buy the FORTH Token (FORTH) crypto tokens.

  • Click on the “Buy Crypto” link on the top left of the MEXC website navigation, which will show the available methods in your region.

3. Store or use your FORTH Token (FORTH) on MEXC.

  • Now that you bought your crypto, you can hold it in your MEXC Account Wallet or send it somewhere else via blockchain transfer. You can also trade for other crypto or stake it on MEXC Earning Products for passive income (Savings, Kickstarter).

4. Trade FORTH Token (FORTH) on MEXC.

  • Trading crypto such as FORTH Token on MEXC is easy and intuitive. Millions of crypto users trust our platform. You only need to complete a few steps to execute a crypto trade.

See this link for details on how to buy FORTH: https://www.mexc.com/how-to-buy/FORTH

MEXC

3. KuCoin: Known as the “People's Exchange”, it provides a series of reliable digital assets trading and investing services. It supports a multitude of cryptocurrencies for trading.

4. Sushiswap (Ethereum): This is a decentralized exchange for swapping ERC20 tokens on Ethereum. It uses an automated market making system rather than an order book.

5. Bitget: Bitget is a global cryptocurrency exchange that provides various services such as spot trading and contract trading.

6. Gate.io: A top-tier cryptocurrency exchange that places a high emphasis on the security of its users' assets. It provides trading and investment services for hundreds of blockchain assets.

7. LATOKEN: LATOKEN is a rapidly growing cryptocurrency exchange focusing on providing liquidity for new tokens and asset classes.

8. digitalexchange.id: This is an Indonesia-based digital asset exchange where users can trade a variety of cryptocurrencies.

9. Uniswap v2: It is a decentralized trading protocol guaranteed to have liquidity for millions of users and hundreds of applications. Its key feature is decentralization and the ability to trade directly from your wallet.

10. Bitfinex: Bitfinex is one of the world's largest and most advanced cryptocurrency exchanges. It provides advanced services for digital currency traders and liquidity providers. Bitfinex focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers.

How to Store FORTH?

FORTH, or Ampleforth Governance Token, can be stored in multiple types of wallets, each with its unique features and varying levels of security. Here are the commonly used ones:

Metamask: A browser extension wallet for Ethereum-based tokens. It is compatible with most modern browsers and includes a secure identity vault.

Coinbase Wallet: An easy-to-use wallet backed by a well-known cryptocurrency exchange, Coinbase. This wallet supports a broad range of cryptocurrencies.

Trust Wallet: A secure, open-source wallet that supports a large number of tokens. It is available on both Android and iOS.

AAVE Wallet: AAVE is a decentralized finance protocol, and the wallet is optimized for interactions with the AAVE platform.

imToken: A popular mobile wallet for Android and iOS devices. It supports all ERC-20 tokens, Bitcoin, EOS, Cosmos and Polkadot.

Rainbow: An Ethereum wallet that focuses on providing a fun, simple, and beautiful user experience. Rainbow is an open-source project with the core ethos of decentralization.

Argent: Known as the “simplest way to access DeFi”, Argent offers security and access to various decentralized finance applications.

Exodus: Intuitive and visually appealing, Exodus provides support for numerous cryptocurrencies and delivers a fantastic user experience.

MyEtherWallet: A free, client-side interface for Ethereum. This wallet lets users interact directly with the Ethereum blockchain while remaining in full control of their keys.

Ledger Nano: A hardware wallet, widely recognized as one of the safest ways to store cryptocurrencies. The Ledger Nano keeps your private keys offline and secure.

How to Store FORTH?

Is It Safe?

For enhanced security measures, FORTH tokens can be safeguarded within hardware wallets. These types of wallets offer a considerable level of safety as they store your private keys in an offline mode, creating a formidable challenge for cybercriminals attempting to access your assets.

In addition, the technical security of FORTH largely relies on the security of the Ethereum blockchain, as FORTH is an ERC-20 token. Ethereum is one of the largest and most well-established blockchain networks, with a strong track record of security. Moreover, most reputable exchanges that list FORTH apply industry-standard security measures, such as two-factor authentication, cold storage for funds, and encryption methods to protect data. These measures help protect the cryptocurrency from hacking attempts on the exchange.

How FORTH tokens are interacted with on exchanges also plays a role in its safety - established and reputable exchanges usually have robust security practices in place. But it's generally safer to store your tokens in a personal wallet if you're not planning on making frequent trades.

How to Earn FORTH Cryptocurrency?

Investing in cryptocurrencies like the Ampleforth Governance Token (FORTH) has the potential to make money, but it can also carry risks. The value of cryptocurrencies can fluctuate rapidly, which means investors can see both large gains and large losses.

There are various ways to obtain FORTH tokens:

Crypto Exchanges: You can buy FORTH directly from cryptocurrency exchanges such as Binance, Coinbase, and Kucoin with your existing cryptocurrencies or fiat currency depending on the exchange.

Liquidity Mining: Platforms may offer yield farming or liquidity mining programs where you can earn FORTH tokens by providing liquidity to FORTH trading pairs.

Participating in Governance: As a governance token, holding FORTH also allows you to participate in decision-making processes for the Ampleforth protocol. Although earning through governance is not direct, being a proactive member in the community could provide earning opportunities.

Crypto Airdrops: FORTH tokens may be distributed in airdrops, which involve giving out free tokens to holders of a certain crypto, often as a way to incentivize participation in a network or as a form of marketing. Keep an eye on announcements from the team or in crypto airdrop calendars for any potential opportunities.

Conclusion

In essence, the Ampleforth Governance Token (FORTH) and its underlying ecosystem offer a decentralized approach to financial systems. Its core protocol, AMPL, aims to provide a stable and inflation-resistant token whose value is tied to the purchasing power of the 2019 USD.

Unlike many other cryptocurrencies, FORTH's primary function is not to act as a digital currency but as a democratic tool for decision-making. This characteristic can make it attractive to investors and users interested in participating in the decision-making process of a decentralized ecosystem.

The prospects for FORTH's development largely depend on the adoption and growth of the Ampleforth ecosystem and the wider acceptance and advancement of decentralized governance models in blockchain. As with any investment, the possibility of FORTH appreciating in value and making money for the investor is a risk. It depends on a whole host of factors, not least of which are market dynamics, investor sentiment, and the continuing development and adoption of the Ampleforth ecosystem.

FAQs

Q: Which exchanges offer FORTH for trading?

A: FORTH can be traded on prominent cryptocurrency exchanges like Binance, Coinbase, and KuCoin, among others.

Q: Who is the ideal candidate for buying FORTH tokens?

A: FORTH tokens may appeal to knowledgeable cryptocurrency investors, active participants in the Ampleforth ecosystem, and long-term investors who recognize the potential of governance tokens.

Q: Are there any risks associated with investing in FORTH?

A: Like all cryptocurrencies, FORTH carries potential risks including high price volatility, loss of investment, and the novelty of its introduction to the market in 2021.

Q: What distinguishes FORTH from other cryptocurrencies?

A: FORTH is distinguished by its role as a governance token in the Ampleforth ecosystem, allowing token holders to participate in decisions related to ecosystem enhancements and future developments.

Q: Can FORTH be a reliable source of profits?

A: The ability for FORTH to generate profits is tied to a range of factors including market trends, investor sentiment, and the sustained development and acceptance of the Ampleforth ecosystem, thus cannot be guaranteed due to inherent risks and volatility.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

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Scarletc
the new trend now invest now cause of its future benefits
2023-11-03 22:06
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