What is Ampleforth Governance Token (FORTH)?

Bittime - Ampleforth Governance Token (FORTH) is here to bring a new color to the world of DeFi. FORTH is a decision-making tool for its users to have a say in the direction of development of the Ampleforth protocol.

Then, what is Ampleforth Governance Token (FORTH)? How does it work and what are its functions? This article will review it thoroughly in light and easy to understand language.

What is Ampleforth Governance Token?

Ampleforth Governance Token (FORTH) is an Ethereum-based crypto token that functions as a governance tool (governance) in the Ampleforth protocol. 

Launched in April 2021, this token was used as part of a major step towards full decentralization of the Ampleforth project. 

By owning FORTH, users are given the right to propose, discuss, and vote on important changes in the protocol.

Simply put, FORTH puts the Ampleforth community in control of strategic decisions, without having to rely on a central entity. This creates a digital democratic system, where every vote of a FORTH owner plays a role in determining the future direction of the protocol.

Read also: What is Leverage in Crypto? These are the Types! 

How Ampleforth Governance Token Works

Ampleforth Governance Token (FORTH) works by relying on community-based governance mechanisms. Token holders can submit change proposals through a system called Ampleforth Improvement Proposals (AIPs) and Ampleforth Configuration Change Proposals (ACCPs).

The working steps are more or less like this:

Source: Ampleforth

1. Proposal Submission: FORTH owners can submit ideas or changes to the Ampleforth protocol.

2. Community Discussion: The proposed proposals will be discussed together by the community to weigh the advantages and disadvantages.

3. Voting: Once the proposal is mature, FORTH owners can vote directly or delegate voting rights to representatives.

4. Execution: Proposals that pass with a majority vote will be executed and applied to the protocol.

This model creates a fairer, more transparent and inclusive decision-making process.

Use of Ampleforth Governance Token

Token FORTH used mainly for:

Voting: Vote in important protocol decisions.

Delegation of Voting Rights: If FORTH owners do not want direct voting, they can delegate voting rights to other parties.

Project Development: The passed proposal will encourage new innovations in the Ampleforth ecosystem.

Apart from governance functions, FORTH can also be traded on various crypto exchanges such as KuCoin, Kraken, and Coinbase. However, its main value remains in its function as a means of voice in decision making.

Read also: What Is a Closed Stablecoin and Why Does USDT Not Qualify?

About FORTH Tokens

FORTH token was first launched in April 2021 as a major step towards full decentralization. Uniquely, the initial distribution of FORTH tokens was carried out retroactively to the AMPL community—including users who participated in the program Geyser and those experiencing negative rebase periods.

This shows that FORTH was not only created for technical needs, but also as a form of appreciation and participation for the community that has supported Ampleforth from the start.

Tokenomics Token FORTH

FORTH's tokenomics demonstrate a focus on long-term sustainability and community participation. Here are the details:

Total supply: 15.297.897 FORTH

Circulating supply: 14.343.554 FORTH

Maximum supply: No maximum limit (annual inflation targeted at 2% after the first year)

Market capitalization: ±Rp. 756.78 billion

Fully Diluted Valuation (FDV): ±Rp. 807.13 billion

Distribution was initially designed to be inclusive and fair, ensuring FORTH was widely distributed in the community, not just controlled by a few parties.

Conclusion

Ampleforth Governance Token is an important milestone in the world of decentralized finance. With FORTH, Ampleforth proves that the future can be managed by the community—not by an elite few developers. 

For those of you who want to get more involved in the world of DeFi, FORTH could be an interesting entry point. Apart from providing access to decision making, FORTH also shows how crypto innovation can provide value beyond just transactions.

FAQ

1. What is Ampleforth Governance Token (FORTH)?

Ampleforth Governance Token (FORTH) is an Ethereum-based governance token used for voting and decision making in the Ampleforth protocol.

2. What is the main function of FORTH in the Ampleforth ecosystem?

Its function is as a voting tool to propose and approve protocol changes democratically.

3. How to buy FORTH tokens?

You can buy FORTH through a crypto exchange by creating an account, funding your balance, and searching for FORTH tokens.

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Reference 

Ampleforth, About FORTH Governance, accessed April 9, 2025.

Bitget, What Is Ampleforth Governance Token?, accessed April 9, 2025.

The Big Wale, What is Ampleforth Governance Token?, accessed April 9, 2025.

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