The AmpleSense DAO Offiically Launches with the KGeyser Challenge

The AmpleSense DAO’s liquidity mining kGeyser program will start with “Zeus.” The Zeus kGeyser will be used to distribute the DAO’s kiloAmple (kMPL) token to AMPL/ETH liquidity providers. Zeus will be launched after the community works together to unlock four Achievements in the kGeyser Challenge.

Summary

  • The AmpleSense DAO is an independent organization focused on proactively expanding the ecosystem of products, services and solutions around Ample and the elastic finance economy.
  • The DAO has developed KiloAmple (kMPL), which has a maximum supply of 50,000 tokens. kMPL tokens will be used by community members to vote on proposals for projects and initiatives to be funded by the DAO, and provide holders with other benefits, such as token rewards.
  • 93% of the kMPL token supply will be distributed to the community via the DAO’s liquidity mining programs: Zeus and Apollo (and the DAO’s Treasury). Zeus and Apollo will be launched after the community works together to unlock four Achievements in the kGeyser Challenge. kMPL in the DAO’s Treasury will be used to fund ecosystem development, marketing and other activities.
  • The DAO has received notification from the Ampleforth Foundation that it will be unveiling a decentralization roadmap for the Ample token.

Read the rest of the launch announcement on the AmpleSense Medium blog.

Join the kGeyser Challenge.

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