How to Buy Ampleforth Governance Token (FORTH) on CEX.IO?

At CEX.IO, eligible customers can obtain over 200 assets, including the Ampleforth Governance Token (FORTH) with their credit or debit cards, but also many other cash and cash-less methods. In the following guide, we explore what FORTH is, its role within the Ampleforth Protocol ecosystem, as well as the most convenient way to acquire this token on CEX.IO. 

What is Ampleforth Governance Token (FORTH)?

FORTH is the governance token of the Ampleforth Protocol, designed to give the community a direct say in how the protocol evolves. It’s not meant to represent a value in itself like AMPL, which is a rebasing cryptocurrency acting as a unit of account; instead, FORTH is all about managing the rules and updates. In a nutshell, FORTH empowers holders to vote on proposals or delegate their voting rights, ensuring that decisions are made democratically. Its non-dilutive nature, with a capped supply, helps maintain a stable, trusted mechanism for community-led governance in the Ampleforth ecosystem.

How Does FORTH Work?

At its core, FORTH operates on a decentralized governance model, where each token holder can participate in decision-making processes regarding protocol upgrades, parameter adjustments, and other strategic changes. This setup is reminiscent of other governance tokens like MakerDAO’s MKR and Compound’s COMP. Yet, it stands apart due to its unique non-dilutive nature and role within a rebasing ecosystem. 

While MKR and COMP primarily influence lending protocols and collateral management, FORTH is tailored to steer Ampleforth’s dynamic supply adjustments and maintain its unit-of-account function. Holders can choose to vote directly or delegate their votes to trusted representatives, ensuring that even those less inclined to engage actively still have their interests represented. 

The Role of FORTH in the Ampleforth Ecosystem

Within the Ampleforth ecosystem, FORTH is the linchpin of decentralized governance. While AMPL adjusts its supply daily based on market conditions, FORTH governs the protocol’s strategic direction, ensuring that changes reflect the community’s interests. By allowing token holders to propose and vote on initiatives, FORTH ensures that the evolution of the protocol is both transparent and democratic, potentially bolstering the system’s long-term stability and innovation.

How to Buy Forth on CEX.IO: Step-by-Step Guide

CEX.IO offers users several ways to obtain FORTH, as well as other 200+ vetted assets. However, Instant Buy represents the most straightforward pathway. This feature allows eligible participants to acquire FORHT at the current market price using their favorite payment method. Here’s how: 

 

1. Visit our official website and register an account.
2. Verify your identity according to KYC/AML requirements. 
3. Navigate to Instant Buy. 
4. Choose FORTH as the asset you wish to acquire. 
5. Select the fiat currency you want to use for the purchase (USD, EUR, or GBP). 
6. Specify the amount. 
7. Choose your preferred payment method. 
8. Review all transaction details. 
9. Complete the payment following the on-page instructions. 

Payment Methods to Buy FORTH on CEX.IO

Our platform offers a plethora of funding methods, catering to different user preferences. For those looking to use traditional methods, we offer credit and debit cards, as well as bank transfers. Besides these, CEX.IO offers other methods of payment, including: 

• Apple Pay
• Google Pay
• Neteller
• Skrill
• Faster Payments
• PayPal (for US-based users only)
• Epay
• MoneyGram

Moreover, depending on their jurisdiction, eligible customers may deposit with Revolut, Payoneer, Venmo, Wise (former Transfer Wise), and Discover. However, keep in mind that the availability of certain payment methods may differ between countries. So, if you consider this a deal-breaker, make sure to check the available funding methods before purchasing. 

FAQs

How can I track the real-time price of FORTH on CEX.IO? 

If you’re interested in tracking FORTH’s current value, you may find our cryptocurrency prices page a great resource. In addition to its real-time value, curious participants can also observe the 24-hour price change, as well as FORTH’s current market cap value. 

What is the purpose of the governance tokens?

Governance tokens empower holders to participate in the decision-making process of a decentralized protocol, ensuring that changes and updates reflect the collective interests of a certain blockchain community. In short, they serve as a tool to democratize control and guide the strategic direction of the ecosystem.

What other services and features CEX.IO offers? 

In addition to buying, selling, trading, and storing cryptocurrencies, including FORTH, eligible customers can participate in other offerings on our platform. Those interested in potentially receiving crypto rewards can engage in our Staking and Savings programs (FORTH is currently unsupported). On the other hand, those looking to seamlessly spend their crypto holdings can request a CEX.IO Crypto Debit Card. This card allows eligible customers to pay for services in-store and online using their cryptocurrencies as fiat money. However, remember that this card is only available to European Economic Area (EEA) residents. 

How can I store FORTH at CEX.IO?

Once a user registers an account, the CEX.IO platform provides them a crypto wallet, accessible through our web browser platform for desktops and laptops, as well as iOS and Android crypto mobile apps. This crypto wallet comes at no cost and allows eligible customers to seamlessly store crypto, including FORTH, as well as any other asset users purchase at our platform or transfer to their CEX.IO accounts.