FORTH Governance Power Calculator
Governance Voting Calculator
Your Voting Power
$100 FORTH = 0.87% of total voting power
Requires staking to activate voting power
How It Works
Voting power is calculated based on your staked FORTH relative to the total circulating supply.
Current parameters: Total circulating supply: 11.5M FORTH 20% voting participation
Quick Takeaways
- Ampleforth Governance Token (FORTH) is a fixed‑supply ERC‑20 token that lets holders steer the Ampleforth protocol.
- FORTH was created in April 2021 to solve the governance problem caused by AMPL’s rebasing supply.
- As of Oct 2025 the token trades around $2.4, has a circulating supply of ~11.5 M and a max supply of 15 M.
- Participation involves acquiring FORTH, staking it in the governance contract, then voting or delegating.
- Compared with other governance tokens (MKR, COMP, UNI) FORTH is niche, tied directly to AMPL’s elastic‑supply model.
What is FORTH?
When you hear about Ampleforth Governance Token (FORTH) is the native governance token of the Ampleforth protocol. Launched on April 20 2021, FORTH gives holders the right to propose, vote on, and implement changes to the protocol’s parameters. Unlike the main AMPL token, which constantly rebases to chase a CPI‑adjusted $1 price, FORTH has a static balance-making it suitable for counting votes.
Technical Specs
FORTH lives on the Ethereum blockchain as a standard ERC‑20 token. Its contract address is 0x77fba179c79de5b7653f68b5039af940ada60ce0. The token’s supply is capped at 15 million, with ~11.5 million currently circulating.
Key attributes:
- Fixed supply - no rebasing, no inflation beyond the 15 M cap.
- Governance‑only utility - value derives from voting power, not from price stability.
- Full compatibility with Ethereum wallets (MetaMask, Trust Wallet, hardware wallets).
- Staking contract enables holders to lock tokens for voting weight and modest rewards.
How Governance Works
The governance flow is a three‑step process:
- Proposal: Community members post ideas on the official Discord or forum.
- Discussion: Proposals are refined, often with technical input from developers.
- Voting: FORTH holders cast votes directly or delegate to a trusted representative. Votes are counted by the number of tokens locked in the staking contract, not by wallet balances that would change after a rebase.
Delegation is a popular feature; about 30 % of token holders have delegated their voting power, allowing active participants to amplify influence without holding massive amounts of FORTH.
Getting Started: Acquiring and Staking FORTH
If you’re new, follow these steps:
- Buy FORTH on a major exchange (Binance, Bitget, HTX). The token’s 24‑hour volume hovers near $10 M, so liquidity is ample.
- Transfer the tokens to an Ethereum‑compatible wallet you control.
- Visit the official governance portal on governance.ampleforth.org, connect your wallet, and stake the amount you wish to use for voting.
- Choose to vote directly on active proposals or delegate to a representative you trust.
Most users report a two‑to‑three‑week learning curve before they feel comfortable navigating proposal details and delegation options.
Comparison with Other Governance Tokens
| Feature | FORTH | MKR (MakerDAO) | COMP (Compound) | UNI (Uniswap) |
|---|---|---|---|---|
| Supply model | Fixed 15 M | Fixed 1 M | Fixed 10 M | Fixed 1 B |
| Primary utility | Protocol governance (delegation, voting) | Stability fee & governance | Interest‑rate governance | Liquidity‑pool governance |
| Rebasing? | No | No | No | No |
| Tied token | AMP L (elastic‑supply) | DAI (stablecoin) | cTokens (wrapped assets) | ETH/USDC pools |
| Current price (Oct 2025) | $2.4 | $650 | $45 | $7.5 |
| Market cap rank | #686 | #68 | #55 | #13 |
FORTH’s niche role stems from its partnership with AMPL’s elastic‑supply design. While MKR, COMP, and UNI govern broader ecosystems, FORTH only influences parameters that affect how AMPL behaves.
Market Data & Outlook
As of October 2025, FORTH trades between $2.27 and $2.71, with a 24‑hour volume just under $10 M. The circulating supply sits at 11.5 M, giving a market cap of roughly $31 M. Analysts split on the token’s future:
- Optimistic forecasts (Stealthex, Apr 2025) see a peak near $5.6 if AMPL adoption surges.
- Conservative outlooks (Swapspace, Apr 2025) expect the price to hover around $2.8-$3.3 through 2026.
- Messier projects a 40 % value rise if AMPL’s collateral usage climbs 25 % in DeFi.
The biggest growth driver is the Ampleforth protocol’s integration with lending platforms. If AMPL becomes a popular collateral asset, demand for FORTH governance (to tweak parameters) will rise, potentially lifting token value.
Risks & Community Sentiment
Community surveys show mixed feelings. Voting participation typically reaches only 15‑20 % of total supply, indicating low engagement compared with larger protocols. Smaller holders often feel their influence is limited unless they stake sizable amounts, creating a perceived barrier to entry.
Regulatory uncertainty also looms. U.S. and EU regulators have yet to clarify how rebasing tokens like AMPL-and by extension, FORTH-fit into securities law. A crackdown could hamper adoption and depress token price.
Key Takeaway Checklist
- FORTH is a fixed‑supply ERC‑20 governance token for the Ampleforth ecosystem.
- It solves the voting problem caused by AMPL’s rebasing supply.
- To participate: acquire, stake, then vote or delegate.
- Price volatility is high; value is tied to AMPL’s broader success.
- Compared to MKR, COMP, and UNI, FORTH is niche but essential for Ampleforth’s unique design.
What is the main purpose of FORTH?
FORTH lets token holders propose and vote on changes to the Ampleforth protocol, such as supply‑adjustment parameters, fee structures, and integration decisions.
How does FORTH differ from AMPL?
AMPL is an elastic‑supply token that constantly rebases to stay near a CPI‑adjusted $1. FORTH is a fixed‑supply ERC‑20 token used solely for governance, avoiding the balance‑shifting issue that would make voting impossible with AMPL.
Where can I buy FORTH?
Major exchanges like Binance, Bitget, and HTX list FORTH. After purchase, transfer the tokens to an Ethereum‑compatible wallet (MetaMask, Ledger, etc.) to participate in governance.
Do I need to stake FORTH to vote?
Yes. Voting power is calculated on the amount of FORTH you lock in the governance contract. Staking also lets you delegate your vote if you prefer.
What are the biggest risks for FORTH holders?
Low voter turnout, concentration of voting power among large holders, and regulatory ambiguity around rebasing tokens are the main concerns. Price swings tied to AMPL’s market performance add financial risk.
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