What is Ampleforth Governance Token (FORTH)?
FORTH is a new governance token that completes the AMPL ecosystem by putting control of the protocol in the hands of the community. Anyone who has interacted with the AMPL ecosystem on-chain is elligible to claim FORTH tokens.
To ensure an effective roll-out, an initial onboarding period will take place before binding on-chain voting with FORTH is enabled. This period ensures that the Ampleforth community has adequate time to familiarize itself with the governance system.
What is the project trying to achieve?
FORTH is an inflationary token that can be directly utilized or delegated to propose and vote on changes to the Ampleforth protocol. Its model is an extension of Compound Finance’s COMP. To ensure a fair system that offers proper incentives for all network participants, initial governance parameters will be set when the on-chain governance is deployed.
Additionally, you will be able to delegate your FORTH to “representatives” who will then be able to utilize your voting power to propose changes or vote on your behalf.
What is the unique selling point?
As an Ampleforth Ambassador, you will be on the front lines facilitating the education, events, and relationships that will drive the adoption and understanding of sound economics and oraclized money that will potentially be a key foundation of a future economy. As part of this, you will also have access to additional perks:
- Exclusive Invites — Receive invitations to exclusive Ambassador events, private communications channels, and one-on-one communications with core-team members
- Networking Opportunities — Work directly with some of the most influential figures and projects in the space while forging ties with other passionate supporters
- Ampleforth Gear — Represent in style! Stand out with Ampleforth Ambassador swag, marking you as a special member of the crew