What Is FORTH Token And How To Claim It? | Crypto Gem Observer

2021/04/22 08:34:50

As one of the most popular Rebasing Crypto Protocols, Ampleforth today introduced the Ampleforth Governance Token (FORTH). The token is already available to be claimed and it is estimated that over 75,000 users are eligible to receive it. Also, FORTH has been listed on a few major exchanges like Coinbase and KuCoin. In this blog article, we will talk about what the FORTH token is and provide you a step-by-step guide on how to claim the FORTH token.

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What is FORTH Token?

Ampleforth Governance Token (FORTH) is the native governance token that powers Ampleforth, a protocol that automatically adjusts the supply of its native token, AMPL, in response to demand. FORTH holders can vote on proposed changes to the Ampleforth protocol or delegate their votes to representatives who vote on their behalf.

FORTH is an inflationary token, with future inflation being set at 2 percent annually. Allocation of the FORTH token to the existing Ampleforth ecosystem will be as follows:

  • 67% of FORTH will be distributed to the AMPL community.
  • 33% of FORTH to early backers such as the core development team, advisors, supporters and the Ampleforth Foundation.

Currently, Ampleforth has minted 15 million FORTH and will airdrop to the community, participants and key contributors.

How to Claim the FORTH airdrop?

FORTH is conducting an airdrop to the Ampleforth community and can be claimed via the following link:

Claim URL: https://www.ampleforth.org/governance/claim

Step 1: Click the 'Claim URL' and connect your wallet to check if you are eligible to claim.

Step 2: Check the 'Claimable Balance' and claim it.

According to the announcement from Ampleforth, there is an expiration date for claiming the airdrop. All qualified community members must claim before April 16, 2022, and after this date, unclaimed FORTH will be placed in a community governed DAO.

How to Trade FORTH?

After the official launch, a growing number of centralized and decentralized exchanges have announced support for FORTH trading. KuCoin, for instance, has announced that FORTH will be listed on the exchange. If you have successfully claimed the FORTH airdrop, you can deposit to KuCoin to trade in the Spot market.

Closing Thoughts

Ampleforth is the first rebasing project of algorithm stable coins. As the governance token of Ampleforth, the FORTH Token determines the direction of Ampleforce‘s development. With the further development of the Ampleforth ecosystem, the future of FORTH is worth looking forward to.

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