What problem does this service solve?

TransferCoin does not appear to have any significant benefits over other digital currencies.Ampleforth's goal is to serve as an elastic cryptocurrency that will be less correlated to the price of Bitcoin, and will allow investors to diversity their Crypto portfolios.

Token Stats

Company Description

TransferCoin is a digital currency with a hybrid PoW and PoS consensus mechanism. TransferCoin uses the X11 encryption algorithm and has a relatively fast block time.

The Ampleforth token is a cryptocurrency with a variable supply. The total number of Ampleforth tokens in circulation changes daily and is adjusted according to the overall demand. The Ampleforth protocol is non-dilutive and ensures that the adjustments in supply that result in response to changes in demand occur proportionally across all the wallets in the network. This ensures that the percentage of each token holders overall ownership of the network remains stable, despite the adjustments in the overall token supply. The protocol is designed to reduce the correlation of the price of Ampleforth to the price of Bitcoin.

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