Beaxy BXY to Ampleforth AMPL Exchange

Crypto Pair Details: BXY to AMPL

Beaxy BXY

BXY is an exchange utility token that powers the Beaxy Exchange platform. It can be used to increase user levels, reduce fees, and access new tools & features.

Ampleforth AMPL

Ampleforth is a digital-asset-protocol for smart commodity-money. The smart commodity money with a unique elastic supply protocol. AMPL supply expands and contracts in response to it’s price deviating from a 1 USD target. Deviations result in a supply change of AMPLs once every 24 hours, increasing or decreasing the number of tokens in each holder’s wallet pro-rata. Ampleforth is the only asset in the world with this elastic supply property, and therefore has counter-cyclical trading pressure and is uncorrelated with other digital assets such as Bitcoin.

SOURCE: COINGECKO

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