Ampleforth is a new type of “rebase” cryptocurrency. The AMPL token, while not a stablecoin, targets being in parity to the purchasing power of the 2019 US Dollar. To accomplish this, the total supply of the token changes daily. At the same time, however, the overall ownership percentage of each holder is kept the same.
It’s important to note that the price of AMPL cannot always be used as a proxy for gains and losses. Token holders must consider the total supply of AMPL, which can expand or contract according to the AMPL supply policy.