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Easily convert AMPL to DAI with ConvertOnline's efficient tool.
Ampleforth (AMPL) is a cryptocurrency designed to provide a decentralized and protocol-driven approach to monetary policy, utilizing a unique elastic supply mechanism. Unlike traditional cryptocurrencies that have a fixed supply, Ampleforth adjusts its supply daily based on demand, allowing each holder's balance to change in response to market conditions.
Dai (DAI) is a decentralized stablecoin that aims to maintain a stable value relative to the US dollar, primarily functioning within the Ethereum blockchain ecosystem. It is designed to provide the benefits of cryptocurrencies—such as transparency and low transaction fees—while minimizing the volatility typically associated with digital assets.