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Title: Antiample - An anthesis to fiat (ANN) Post by: billdrummond on July 30, 2020, 07:11:59 PM Code: ██████████████████████████████████████████████████████████████████████████████████████████ Ampleforth tries to replicate fiat. We want to destroy it. Rather than attempting to recreate traditional financial structures on the blockchain, we should be developing structures that serve as their antithesis. Otherwise, the same problems inherent to the modern financial system will only be replicated once again. We are seeing this happen in the crypto space already. Projects are no longer deemed interesting without the backing of top tier VCs. Speculators clamor at news of big banking institutions and governments allowing their technology to operate within their system. Is there no more dignity to the crypto movement? Antiample is an ERC20 token on the Ethereum blockchain. Unlike a regular ERC20 token, Antiample has a constantly reducing supply. Holders of Antiample own a portion of the total supply of the token rather than an amount of Antiample themselves. When the value of 1 Antiample token decreases, the supply is decreased by at least 1%. This causes each Antiample to be worth more. While Ampleforth issues more tokens based on supply and demand, we constantly destroy it. Cryptocurrency was born on the concept of deflationary assets. Antiample takes this concept to the extreme. How will the free market behave? How will traders react to a constantly reducing supply? Who knows? What are the limits of our current concept of what a financial system is? We don't have an answer, but if this intrigues you, you might want to join us to find out. First burn: https://etherscan.io/tx/0x66f1675141099ad5d604dd244e3f44cd17420f823a7d27d2f3aea22dfa2e9394 Second burn: https://etherscan.io/tx/0x74a59fb0ce1a637ec9224aebba9dbcbc75a6e08aa0ebff18a93b3dd7b324e0a0 Twitter (https://twitter.com/burn_the_state) www.antiample.org (http://antiample.org) https://uniswap.info/pair/0x6c35c40447e8011a63ab05f088fa7cd914d66904 (https://uniswap.info/pair/0x6c35c40447e8011a63ab05f088fa7cd914d66904) Telegram (https://t.me/joinchat/QSbNEhZqZRo76U1QUEohGA) Title: Re: Antiample - An anthesis to fiat (ANN) Post by: theNextGoodGood on July 30, 2020, 07:17:55 PM This is insanely brilliant wtf, it's like if they fixed AMPL
Title: Re: Antiample - An anthesis to fiat (ANN) Post by: cypherr on July 30, 2020, 07:25:16 PM can you make a telegram
Title: Re: Antiample - An anthesis to fiat (ANN) Post by: theNextGoodGood on July 30, 2020, 08:01:46 PM anyone else want to talk XAMP?
https://t.me/joinchat/QSbNEhZqZRo76U1QUEohGA Title: Re: Antiample - An anthesis to fiat (ANN) Post by: billdrummond on July 30, 2020, 08:13:45 PM anyone else want to talk XAMP? https://t.me/joinchat/QSbNEhZqZRo76U1QUEohGA Added to the post. Title: Re: Antiample - An anthesis to fiat (ANN) Post by: billdrummond on July 30, 2020, 08:25:17 PM First burn: https://etherscan.io/tx/0x66f1675141099ad5d604dd244e3f44cd17420f823a7d27d2f3aea22dfa2e9394
Title: Re: Antiample - An anthesis to fiat (ANN) Post by: billdrummond on July 31, 2020, 12:08:43 AM Second burn: https://etherscan.io/tx/0x74a59fb0ce1a637ec9224aebba9dbcbc75a6e08aa0ebff18a93b3dd7b324e0a0
Title: Re: Antiample - An anthesis to fiat (ANN) Post by: smokim87 on July 31, 2020, 12:27:12 AM How often do the coin burns happen? Is it certain % price drop in price that triggers it?
Title: Re: Antiample - An anthesis to fiat (ANN) Post by: billdrummond on July 31, 2020, 12:41:46 AM How often do the coin burns happen? Is it certain % price drop in price that triggers it? Burns occur daily depending on the change in the value of Antiample between the current day and the day before. Title: Re: Antiample - An anthesis to fiat (ANN) Post by: levyashin on July 31, 2020, 02:27:54 AM So this is burning the tokens i have?
When you burn %1 my tokens are dropping from 100 to 99 am i right? Is there a limitation or anything. Like if you want to burn all supply, can it be doable even there are thousands token holders? Title: Re: Antiample - An anthesis to fiat (ANN) Post by: dbt1033 on July 31, 2020, 06:28:22 PM Hey billdrummond, will the burn be taking place at approximately the same time daily?
Title: Re: Antiample - An anthesis to fiat (ANN) Post by: smellhound on July 31, 2020, 06:54:00 PM From the look of the contract, the rebase can only be triggered by the contract owner. This seems problematic.
Maybe I'm missing something? Title: Re: Antiample - An anthesis to fiat (ANN) Post by: billdrummond on July 31, 2020, 11:34:40 PM Due to low activity of this thread, I will be moving updates to Twitter: https://twitter.com/burn_the_state
Title: Re: Antiample - An anthesis to fiat (ANN) Post by: noscoo78 on August 01, 2020, 07:34:47 AM Can I get help on getting this XAMP? I connected my trust wallet with uniswap but I could not find the token.
Title: Re: Antiample - An anthesis to fiat (ANN) Post by: seven.71 on August 01, 2020, 10:24:18 PM a good idea to curb inflation from prices by burning, but it is still unclear in what period of time the burning is carried out and how often?
Title: Re: Antiample - An anthesis to fiat (ANN) Post by: necromastery on August 01, 2020, 11:08:07 PM How often do the coin burns happen? Is it certain % price drop in price that triggers it? Burns occur daily depending on the change in the value of Antiample between the current day and the day before. Title: Re: Antiample - An anthesis to fiat (ANN) Post by: andriyana on August 02, 2020, 08:15:41 AM what about the antiample token detail, I am not see on this thread or website how many antiample token be made
Title: Re: Antiample - An anthesis to fiat (ANN) Post by: reap_chain on August 02, 2020, 09:35:33 AM So this is an ERC20 token on the Ethereum blockchain but unlike a regular ERC20 token. When the value of token decreases, the supply is decreased by at least 1%. This causes each Antiample to be worth more. It is interesting decision by the team.
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