Thread title is awful and screams shitcoin.
Ampleforth is somehow looks like a ponzi coin. They do rebase and adjust the token supply based on the market condition. This is insane because the token amount that holders stored in there wallet are changing every rebase. The telegram channel is full of FUD about the token and the admin can't moderate. It's better to stay away on this coin or possibly trade for short term only. There is a chance that you will loss huge amount of instantly based on the coin price history.
AMPL/BTC graph showing that its good to enter right now that's why I do research about this coin. But sadly it is a ponzi DeFi coin. Stay away
I got some a few weeks ago. The premise is interesting. It's fascinating how different projects are trying to tackle the stable coin market.
Unfortunately for the developers, it's going to be difficult to convince people to not panic when they see their tokens in wallets reduced based on rebase. Even if the actual total USD value remains relatively unchanged, people will invariably get worried to see the tokens "taken away." That's just human psychology, for better or worse.
Like I said, the concept is interesting. You're buying a stake into the market cap of the coin. Just not sure how they will be able to see the machinations of the technology to the people just trying to make a quick buck.