Antiample

Ampleforth tries to replicate fiat. We want to destroy it.

Further Explanation

Antiample borrows concepts from Ampleforth which you can read about here: https://www.ampleforth.org/basics/

The basic idea is that you own a percentage of the token distribution, but not a set amount of tokens. This allows the protocol to update the total circulation, which affects how many individual tokens you have. If the total set of tokens goes down, the value of each tokens goes up. Vice versa, adding to the supply makes the value of each token go down.

Ampleforth uses this mechanic to create a synthetic asset that attempts to peg to $1.00. However, they do this by adding tokens to the supply. This is essentially the same way that the US Dollar increases the supply to keep the purchasing power similar each year. Because more people are born, and more jobs are created, and more resources are consumed, more demand for money is created. The US Fed mints more money in this way to make sure that the price of a dollar goes down such that it maintains stability.

We don't really like the Federal Reserve, nor the concept of inflation. Therefore, our protocol does not have any methods to increase the amount of supply. The only method it has is to decrease it by an adjustable percentage above 0%.

You may remember this chart from your Econ. 101 class

There is no other token that has this exact mechanism. While we do not know the outcome of this experiment, we do know that it will be interesting to say the least.

Burn History

This will be updated after each burn directly to the corresponding Etherscan link.

* 30 July 2020 - Contract Submission - https://etherscan.io/tx/0xa5558e4876c778cc8e6fcd7b1f2f7c6aeeff525d3470fa0591ff02fc13ea5571

* 30 July 2020 - <1% Burn - First burn: https://etherscan.io/tx/0x66f1675141099ad5d604dd244e3f44cd17420f823a7d27d2f3aea22dfa2e9394

* 30 July 2020 - 1% Burn - Second burn: https://etherscan.io/tx/0x74a59fb0ce1a637ec9224aebba9dbcbc75a6e08aa0ebff18a93b3dd7b324e0a0

Twitter Verified Burns:

https://twitter.com/burn_the_state/status/1289690264940904449

https://twitter.com/burn_the_state/status/1289992200688791552

https://twitter.com/burn_the_state/status/1290404302981275648

https://twitter.com/burn_the_state/status/1290776595704066048

https://twitter.com/burn_the_state/status/1291098844596334592

https://twitter.com/burn_the_state/status/1291104829792649218

https://twitter.com/burn_the_state/status/1291222508255842304

https://twitter.com/burn_the_state/status/1291891325386674178

https://twitter.com/burn_the_state/status/1292553653698433024

https://twitter.com/burn_the_state/status/1293324487782350853

Official Smart Contract

ETH / XAMP Market on Uniswap

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