Ampl's rebase % formula and negative Rebase info (Patreon)

Thurs, 7.30.2020

• Ampleforth's daily Rebase (rewards) is recalculated DAILY. Ampl falls down to the negative Rebase territory, when the price is between to 1.09- 0.96.

 Here's the formula to calculate DAILY Rebase %. The rate changes daily which depends on AMPL price when it’s closer to 10PM. At 10PM EST, they reward us with free token, which is called Rebase.

STEP 1:  Oracle rate - Target price : 2.80 - 1.009  = 1.791  

STEP 2: Difference / Target price:  1.617 / 1.009  = 1.77  

STEP: Result x 10 :  17.75% -- Rebase % for that day  

When has other time Ampl falls below $1.00? This source of this info below is from Coin Market Cap:

• During the March 2020 BTC dumps, AMPL dropped to 0.85 - 0.51 for 12 days. When AMPL was at 0.85, the negative rebase was -1.85% for one DAY
• Ampl’s daily volume has been rising since June 28, 2020 and it hasn’t stopped. So the popularity of this coin took off at the end of June. Before June 28th, its mkt cap and daily volume were quite low. Its mkt cap at the end of March was 3M and daily volume was about $1.2M
• When Ample first launched in June 2019, their daily volumes were low. Prices were below $1.09 from July 2019- Nov 2019.
• From Dec 2019 thru Feb 2020, it had a few pockets of days it dropped below $1.09.
• If you want to know the daily Rebase % use the formula above

Will our coins get taken away when Rebase % is below $1.09 -0.96? Read below

• The “number of AMPL you own can change each day” because of the Rebase program - when price is above $1.09, they deposit AMPL into your wallet and vice versa.
• The AMPL protocol automatically adjusts supply in response to demand. When price is high, wallet balances increase. When price is low, wallet balances decrease (  https://www.ampleforth.org/basics/  )
• But you can never be diluted by supply inflation

AMPL is non-dilutive. Supply adjustments are applied universally and proportionally across every wallet’s balance. This means your "percent ownership of the network remains fixed."

• An example: If you buy a ticket for a bus and your seat represent 10% of the whole vehicle. As more people get onto the bus, Ampleforth will get a bigger bus to accomodate new riders. They don’t have a cap on their total supply. So, this bus expand and constrast as people buy and sell ampls .
• If people sell Ampl, then Ampleforth doesn't need a big bus anymore, people will be sitting in a smaller bus.
• It doesn't matter how big or small the bus is, if you own 10% of the bus, you will always own that portion of THEIR MARKET CAP.  That is their model.  The only time your ownership shrinks is when you sell Ampl.