So I've been really exploring stablecoins and stumbled upon one that's not really a stablecoin, but is meant to be a currency for everyday use.
This is how it works quoted from their website: "Tomorrow's money is issued directly to the people. Ampleforth inflates only in response to demand, and distributes directly and proportionally to holders. The system takes no profits from inflation. This prevents balances from being diluted, and aligns users with the network."
They're called Ampleforth and even backed by Pantera, True Ventures, and FBG Capital. Pretty stealth right now, but solid team from google and uber.
Would love your thoughts on their model (website -
https://www.ampleforth.org/)