AMA with the AmpleSense Team (9/25/2020)

The AmpleSense founding team held an AMA which led to a very invigorating discussion. The AMA was hosted on the Ampleforth Community discord channel and was moderated by BlockEnthusiast (Thank you!). All four members of the founding team were present.

To read a full transcript of the AMA please visit the AmpleSense Hub:

AMA FULL TRANSCRIPT

Core questions:

1) What’s the AmpleSense DAO?

Here’s the official answer about what the DAO is all about. The AmpleSense DAO is a community-launched Decentralized Autonomous Organization (DAO), powered by audited Aragon-developed infrastructure, that has two primary goals:

Accelerating the Development of Use Cases for Ample: The primary goal of the DAO is to foster the development of a robust Ampleforth ecosystem of products and services demanded by the community, or initiated by the DAO. This ecosystem can take many forms and we’re excited to see how it evolves.

Improving Understanding and Broadening Ampleforth’s Reach: Presently, there is a lot of confusion and misconceptions about the Ampleforth protocol. The DAO will work to help improve awareness, adoption and understanding of Ample globally.

Presently, there is a lot of confusion and misconceptions about the Ampleforth protocol. The DAO will work to help improve awareness, adoption and understanding of Ample globally.

2) Why create the DAO?

That’s a really good question. First, let’s tackle what the DAO is all about versus the Ecosystem fund. We know that the Ampleforth core development team has allocated significant funding to developing the Ampleforth ecosystem and has plans to develop an elastic finance product and services stack.

However, Ampleforth is facing an intensely competitive landscape where teams are building and regularly releasing groundbreaking financial products and services. Because of these intense environmental and competitive pressures, it is imperative that robust use cases for Ample be aggressively developed and released to the market. This means ecosystem development activities must occur at a scale and pace that may go beyond what the core Ampleforth development team may be able (or willing) to pursue.

The AmpleSense DAO is being launched to fill this gap. People can view the DAO as a community-driven ecosystem seeding fund, working to gather ideas, vet and evaluate them and guide projects to launch and enduring success in the ecosystem.

Full transcript of the AMA can be found here:

A global community focused on improving understanding and adoption of AmpleForth, the pioneer of elastic money.