An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary.
Let's take a quick look at AMPL (Ampleforth).
There are certain comments on Twitter and Telegram that make me feel like people do not really understand how the tokenomics of this coin works.
First and foremost, AMPL is a stablecoin and aims to be priced close to $1. There will be some repricing mechanism on the back of future inflation data but that will be minor.
The other repricing variable is the supply/demand change (or maybe let's call it the airdrop function) when the price is too far away from its target. In short, the mechanism is as follows: if the price is above the target, you will receive more AMPL coins to your wallet address. If the price is below target, it is like a "negative" airdrop and you will have less coins.
The perpetual futures add to the confusion in the retail trading community. The price of the perpetual future is not equal to the cash or spot price. The reflection of the airdrops are in the funding rate. This is something that seems to confuse the hell out of some people.
Here is some more information directly from AMPL.
And here is the current chart of the perpetual future: