Amplitude is the sister network of Pendulum on Kusama pioneering the Internet of fiat. It will act as a testing ground for Pendulum applications and network parameters and be powered by the AMPE token.
The distribution is reflective of the intended nature of the project that truly gives Amplitude to the community.
AMPE Token Utility
Amplitude will be the canary network of its sister blockchain, Pendulum. It will act as a testing ground for applications and network parameters for Pendulum, but with real financial consequences.
AMPE token utilities will initially include transaction fees, staking, and on-chain governance. Transaction fees will be an integral part of using the network and will be applicable when making any transactions on the protocol and will be paid using AMPE.
The transaction fees will be split between the community treasury, rewards, and others. On-chain governance will follow a quadratic voting mechanism to ensure more votes for smaller holders and to disincentivize a single holder casting multiple votes on a single proposal. Proposals in the following categories can be voted on by the community of token holders:
Vote on initiatives that propel Amplitude forward.
Technical upgrades, smart contract configuration changes, transaction fees, etc.