Ampleforth, the rebasing cryptocurrency protocol has now launched its new token FORTH. As part of this, they’re dropping their newly released token to the community. If you’ve ever had a wallet that’s “touched” AMPL, you could be one of the lucky 75,000 people set to get some free FORTH tokens as part of Ampleforth airdrop.
In this tutorial, I explain how to claim Ampleforth FORTH token airdrop, as well as how to earn free FORTH tokens with Coinbase Earn.
What is Ampleforth/AMPL?
Ampleforth was co-founded by entrepreneurs Evan Kuo and Brandon Iles in 2018. With the idea to provide an elastic supply stable-coin that aims to be loosely pegged to the US Dollar.
However, the twist with AMPL is that the supply changes daily. If the demand for AMPL increases, the supply of the tokens also increases to offset changes in price. So when the price is high, wallet balances increase. When price is low, wallet balances decrease.
AMPL is non-dilutive, and supply adjustments are applied universally and proportionally across every wallet’s balance. Meaning that your percent ownership of the network remains fixed.
What Are Ampleforth FORTH tokens?
FORTH is a new governance token that completes the AMPL ecosystem, by putting control of the protocol in the hands of the community. Using the Forth token, holders will be able to vote on changes to the protocol.
The forth token is currently trading at over $40 at the time of this post and with current highs of over $65
The ERC20 token was listed on Coinbase Pro shortly after the token’s reveal along with the likes of popular exchanges such as Binance, Kucoin, and Uniswap.
Who Can Claim Ampleforth FORTH Airdrop?
Anyone who has interacted with Ample (on-chain) before the snapshot was taken on: 30th March 2021 is eligible to claim.
It’s estimated that over 75,000 people have interacted with Ample in the token’s 2-year history, with over $5B in on-chain volume exchanged across the likes of Uniswap, SushiSwap, and Balancer.
Users will be eligible to collect their portion of the new FORTH tokens through the next year. With active participants in the protocol expecting to receive a higher share.
Users can claim the tokens anytime before April 16, 2022. Any unclaimed FORTH tokens will be placed in the DAO under the jurisdiction of the community.
How to Claim from the Ampleforth FORTH Airdrop
Below is a step-by-step guide to how you can claim your free FORTH tokens from the Ampleforth token drop. Its also worth checking and connecting up multiple wallets that you think may have also interacted to see if you are eligible for multiple airdrops.
Step 1: Open a browser, and navigate to https://www.ampleforth.org/governance/claim/
Step 2: Click on “Connect Wallet” and choose your associated wallet that’s held AMPL.
Step 3: You will then be shown the total amount of FORTH tokens that can be claimed.
Step 4: You will need to confirm the transaction in your wallet and pay an associated gas fee for the transaction.
Step 5: Once the transaction is complete you’ll receive a notification on-screen and the airdropped FORTH tokens will be available in your wallet.
What can I do with my free Ampleforth FORTH Tokens?
What you do with your free FORTH tokens, is completely up to you. You can store these in an Ethereum based wallet, such as the likes of MetaMask, Ledger, or the Coinbase Wallet.
Or you can trade for other tokens such as AMPL, where you can then stake them for further rewards.
Earn FORTH Token with Coinbase Earn
You can now earn a free FORTH token with Coinbase Earn rewards. Coinbase Earn allows users to learn about different cryptocurrencies while learning and completing a short quiz or task to test their knowledge to receive rewards. If you’re unsure if you’re eligible to claim Coinbase Earn rewards click here.
Questions 1: What is Ampleforth?
Questions 2: What is FORTH Token?
Answer: AMPL & FORTH
Questions 3: The Future of Ampleforth
Answer: DeFi Building Block
I interacted with AMPL when I bought it on KuCoin. I never moved it to/through my MetaMask; is there a way to claim FORTH airdrop if I never moved my AMPL off the KuCoin exchange??
I think it may only be through the geyser but might be worth contacting KuCoin.