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Ampleforth’s Staking and Rebase - how long does it last?
🕑 Added 2020-07-25 21:03:27 +0000 UTCSat, 7.25.2020
1. During a recent Ampleforth’s online meeting, Brandon lles, co-founder of AMPL, said they will extend the staking program. They don’t have an end date yet.
At around 30:40 minute mark from the video below, the TEAM said their pilot Staking program supposedly only last for 90 days, but the Team has decided the next staking program will begin before the current one end to avoid interruption.
https://www.youtube.com/watch?v=Mmr47bji50c
2. What if the Team/Advisors, etc dump their coins on their investors?
- No worries, we have 5-6 months before the team can sell their coins based on their agreements:
- This article below has the following info:
https://medium.com/ampleforth/ampleforth-ieo-and-token-distribution-transparency-report-d7b632bbc838
- According to the article, Ampleforth’s IEO was on June 13, 2019. The following group who are involving in the project, their coins are locked up. Their coins will be RELEASED to them either in 15-19 months from June 13, 2019.
So, we are at month 13 from the IEO date.
AMPL Team’s coin release schedule:
1. Ecosystem, Team, advisors - 19 months from the IEO date, June 13, 2019
2. Seed investors - 18 months from the IEO date, June 13, 2019
3. Series A Investors - 15 months from the IEO date, June 13, 2019
4. Treasury - 18 months from the IEO date, June 13, 2019
- The first group of people that will get their coins release to them is SERIES A Investors who hold 3.3% of the total supply.. “There is one investor with early liquidity representing ~1% of the total token supply. “
https://medium.com/ampleforth/ampleforth-ieo-and-token-distribution-transparency-report-d7b632bbc838
- The 4 wallets that hold the most AMPL coins are people who associated with the project: Team members, Advisor, Treasury, and Investors.
- Ampl Token Distribution pie based on their initial supply of 50M.
Comments
Both locations you will still get your free coins (rebase). You have to refresh MetaMask to see rebase whereas Kucoin you do not need to
Does anyone know if I can use Metamask wallet to store this in and still get paid, or should I transfer my coins to Kucoin? Thanks!
See my Ampl's Patreon post from this am - it has your answer
Am not really 'getting it'. Is the goal to get AMPL to $1 so it acts as a stablecoin? How can it remain so high above $1 if that's the case? I don't think I'm quite getting it and must be missing bigger context...I listened to the videos in part, but did not find it clarifying. Can you explain how it works?
