FORTH coin is the English abbreviation of Ampleforth Governance Token. It is an Ampleforth governance token designed to automatically adjust its supply and price through smart contracts. However, after FORTH currency experienced such violent price fluctuations, it plummeted by nearly 60% in just a few hours, and the price began to continue to fall. This makes supporters wonder whether FORTH coin has potential in the future? Based on the current market, can this FORTH coin be purchased? This is a matter of concern to investors. At present, the potential of FORTH currency is average, and it is not recommended to buy it. Next, the editor will talk about this FORTH coin in detail to help you better understand FORTH coin.
FORTH coin has average potential. According to current data, the current price of FORTH coin is US$7.09, which is lower than the historical high price of US$61.8249 and lower than the issue price of US$54.4443. The current investment return is not optimistic at -86.96 %, and it means only US$108 million. Overall, the future potential of FORTH currency is average.
FORTH coin is a token issued by Ampleforth, a decentralized finance (DeFi) project based on the Ethereum blockchain. Ampleforth aims to solve the inflation and deflation problems of traditional currencies and maintain price stability by automatically adjusting supply. FORTH coin is the governance token of the Ampleforth community. Holders can participate in the project's governance decisions and receive corresponding rewards.
FORTH coin adopts Ethereum’s smart contract technology, which is highly secure and programmable. Its unique feature is that the supply of FORTH coins will automatically adjust according to changes in market demand to maintain price stability. This mechanism makes FORTH currency have a certain ability to resist inflation and deflation in the market, helping to maintain the relative stability of its value.
With the rise of the DeFi market, FORTH currency, as the governance token of the Ampleforth project, has broad market prospects. The rapid development of the DeFi market has provided FORTH coins with a wealth of application scenarios, including loans, borrowings, stablecoins, etc. In addition, the automatic adjustment mechanism of FORTH coin supply also gives it a certain competitive advantage in the market and is expected to attract more users and investors.
Currently it is not recommended to purchase FORTH coins as it carries high market risks. According to existing data, the current price of FORTH coin is US$7.09, which is far lower than the issue price of US$54.4443, and the current investment return is only -86.96%, which is not optimistic. Overall, the current market development of FORTH coins is average.
FORTH's governance model adopts decentralized governance, and all voting decisions are managed by DAO (Decentralized Autonomous Organization). Community members can propose resolutions, vote, modify protocols, etc., to change the economic model of Ampleforth. DAO prevents any one person or institution from taking control of the project and ensures that everyone can participate equally in the governance and decision-making process.
DAO will distribute cost compensation and encourage community members to actively participate in governance. Through decentralized governance, Ampleforth allows community members to contribute to ecological construction and development and jointly maintain system security and accuracy.
Ampleforth’s governance process is open and transparent, and all decisions and voting results will be public and recorded on the blockchain, which can be queried by everyone. In addition, users who use FORTH can obtain additional voting rights and more governance tokens to encourage more users to actively participate in governance.
Ampleforth has also established a community governance committee, which is self-selected by community members and plays the role of decision-making consultation and community communication. The Community Governance Committee cooperates with the DAO to jointly formulate and implement decisions and promote the participation and contribution of community members.
Ampleforth Governance current price is $6.01. Ampleforth Governance’s price has increased by 3.39% in the past 24 hours. Currently, Ampleforth Governance ranks 224th in market cap, with a real-time market cap of $63,454,100, a circulating supply of 10,558,078 FORTH, and a maximum supply of 15,297,897 FORTH. We will update the price of Ampleforth Governance/USD in real time.
| Time Range | Rise and Fall | Rise and Fall |
|---|---|---|
| Today | $0.197 | 3.38% |
| 7 days | $0.229 | 3.96 % |
| 30 days | $0.165 | 2.82% |
| 3 months | -$0.26 | -4.21% |
The automatic adjustment mechanism of the supply of FORTH coins gives it a certain degree of stability in the market and helps investors avoid The risk of price fluctuations also has high market potential and investment value. However, the current market development of FORTH currency is not ideal. Investors need to pay attention to risks when investing in FORTH currency, including market fluctuations, technical risks, etc. Therefore, it is recommended that investors conduct sufficient market research and risk assessment before investing to make informed investment decisions.
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