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What is Ampleforth Governance Token?

Ampleforth Governance Token (FORTH) is a decentralized finance (DeFi) token that serves as the governance mechanism for the Ampleforth protocol. It allows holders to vote on changes to the protocol, ensuring the platform's further decentralization. FORTH was introduced in April 2021 and has a total supply of 15 million tokens, with a target inflation rate of 2% after the initial year. The token is used to propose and vote on changes to the Ampleforth protocol, making it a crucial component of the platform's governance structure.

How is Ampleforth Governance Token used?

The Ampleforth Governance Token (FORTH) is used as the governance mechanism for the Ampleforth protocol. It allows token holders to vote on changes to the protocol, ensuring that the community has a direct say in the development and evolution of the ecosystem. FORTH is used to propose, discuss, and implement changes to the Ampleforth protocol through a democratic governance model. This includes voting on proposals, delegating voting authority, and overseeing the implementation of approved changes.

How do I store Ampleforth Governance Token?

To store Ampleforth Governance Token (FORTH) tokens, you have two primary options:

  1. KuCoin Account:

    • Hold your FORTH tokens in your KuCoin account, which provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian, managing your crypto assets and ensuring security. Make sure to set up a strong password and upgrade your security settings to prevent unauthorized access.
  2. Non-Custodial Wallets:

    • For enhanced security, you can withdraw your FORTH tokens to a non-custodial wallet. This grants you complete control over your assets. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. However, this option may be less convenient if you plan to trade your FORTH tokens frequently. Be sure to store your private keys securely to avoid losing your tokens.

How to buy Ampleforth Governance Token?

To buy Ampleforth Governance Token (FORTH) tokens, you can follow these steps:

  1. Create an Account:

    • Go to Uphold.com and sign up for an account by providing your email address and personal details.
    • Alternatively, you can use Kraken's crypto exchange by creating a free account and connecting a funding method.
    • You can also use Coinbase by signing up or downloading the app and starting the sign-up process, which includes verifying your ID and adding a payment method.
  2. Fund Your Account:

    • On Uphold, you can fund your account with various payment methods, including bank transfers, credit cards, or other cryptocurrencies.
    • On Kraken, you can connect a funding method such as a bank account or debit card to buy FORTH tokens.
    • On Coinbase, you can add a payment method like a bank account, debit card, or initiate a wire transfer.
  3. Select FORTH:

  • On Uphold, search for Ampleforth Governance Token (FORTH) and select it for purchase.
  • On Kraken, navigate to the FORTH token and initiate a buy order.
  • On Coinbase, search for Ampleforth Governance Token and select it from the list of assets.
  1. Enter the Amount:

    • On Uphold, enter the amount you want to spend in your local currency, and the platform will automatically convert it to FORTH tokens.
    • On Kraken, specify the amount of FORTH tokens you want to buy.
    • On Coinbase, input the amount you want to spend, and the app will convert it to FORTH tokens.
  2. Finalize the Purchase:

    • On Uphold, review the details and confirm your purchase.
    • On Kraken, complete the buy order.
    • On Coinbase, tap "Preview buy" and then "Buy now" to finalize the purchase.

By following these steps, you can successfully buy Ampleforth Governance Token (FORTH) tokens on various exchanges.

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