Antiample - An anthesis to fiat (ANN)

[billdrummond]

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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
www.antiample.org
https://uniswap.info/pair/0x6c35c40447e8011a63ab05f088fa7cd914d66904

Telegram

[1713978770]

1713978770

[1713978770]

1713978770

[theNextGoodGood]

This is insanely brilliant wtf, it's like if they fixed AMPL

[cypherr]

can you make a telegram

[theNextGoodGood]

anyone else want to talk XAMP?

https://t.me/joinchat/QSbNEhZqZRo76U1QUEohGA

[billdrummond]

anyone else want to talk XAMP?

https://t.me/joinchat/QSbNEhZqZRo76U1QUEohGA

Added to the post.

[billdrummond]

First burn: https://etherscan.io/tx/0x66f1675141099ad5d604dd244e3f44cd17420f823a7d27d2f3aea22dfa2e9394

[billdrummond]

Second burn: https://etherscan.io/tx/0x74a59fb0ce1a637ec9224aebba9dbcbc75a6e08aa0ebff18a93b3dd7b324e0a0

[smokim87]

How often do the coin burns happen? Is it certain % price drop in price that triggers it?

[billdrummond]

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.

[levyashin]

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?

[dbt1033]

Hey billdrummond, will the burn be taking place at approximately the same time daily?

[smellhound]

From the look of the contract, the rebase can only be triggered by the contract owner. This seems problematic.

Maybe I'm missing something?

[billdrummond]

Due to low activity of this thread, I will be moving updates to Twitter: https://twitter.com/burn_the_state

[noscoo78]

Can I get help on getting this XAMP? I connected my trust wallet with uniswap but I could not find the token.

[seven.71]

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?

[necromastery]

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.

uh,, this is really something new to me. What do you expect for that? with decreasing supply, prices will improve like real-world merchandise? I thought crypto coin is related to its real use on the internet and that has a lot to do with the price.

[andriyana]

what about the antiample token detail, I am not see on this thread or website how many antiample token be made

[reap_chain]

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.