Unveiling Amplitude’s AMPE LBP Guide

Published in

Pendulum-Chain

6 min readSep 4, 2023

We are pleased to announce that the AMPE token is set for its imminent launch on the Zenlink DEX. Prior to this milestone, the Pendulum & Amplitude community will decide whether to pass the governance Referenda 10 and initiate the LBP. The LBP is anticipated to start on Thursday, September 9th, and will conclude on, September 13th. After the LBP, AMPE will be immediately listed on Zenlink. This article serves as your comprehensive guide for navigating the AMPE LBP.

LBP Overview

Upon the referendum’s favorable resolution, the Liquidity Bootstrapping Program (LBP) will initiate immediately. The activation is predicted to commence on Thursday 7th September, but please note that the start time may be subject to variability due to block times. It is possible for the LBP to commence hours or even days later. If you hold AMPE tokens and haven’t yet participated in the referendum, we encourage you to vote here. Key LBP details include:

Tokens accepted: KSM and AMPE
Projected start day: Thursday 7th (block time variation means it could begin hours or days later, track here)
Projected end day: 3 days after beginning
Staking type: Single-sided
Location: Polkadot.js

How to move KSM from relay chain to Amplitude?

Go to https://polkadot.js.org/apps/ and switch to Kusama network from the network menu or directly click on this link
Find Developer in the top menu, and choose Extrinsics from the drop down. Select the Decode tab

Paste this in the field hex-encoded call 0x630201000100312101000101004e5d80a091a712b727ecbb00882bb28d4d64a6e7f6c87654b3243c489623f510010400000000070010a5d4e800000000
Switch to the Submission tab
In the using the selected account select the account you want to send the KSM from
In the beneficiary section in the id field, enter your address.

In the assets section, enter the amount of KSM you want to transfer in the Fungible field. Note - Since there are 12 decimals for the KSM token, you need to add 12 zeros after choosing the KSM amount e.g. If you want to transfer 1 KSM, then you should write 1000000000.

Apart from this, you don’t need to change anything in the submission.
Click on the “Submit Transaction” at the bottom of the screen.
In the pop-up click “Sign and Submit”. Next, enter your password in the wallet pop-up and confirm the transaction.
If the contribution is successful on polkadot.js screen you will see a green confirmation in the top right corner.

How to contribute to the AMPE/KSM LBP?

To participate you’ll require either KSM or AMPE tokens and a Polkadot.js wallet. If you’re new to Polkadot.js, our 5-step guide here will assist you in setting up your first wallet. You will need some AMPE tokens to cover gas fees. Once prepared, proceed by following these steps.

Go to https://polkadot.js.org/apps/ and switch to Amplitude network from the network menu or directly click on this link.
Find Developer in the top menu, and choose Extrinsics from the drop down.
You will be on the following page, see screenshot below.

Choose the account you want to contribute from from the field “using the selected account”
In the “Submit the following extrinsic” dropdown choose “zenlinkProtocol”
In the next dropdown choose “bootstrapContribute(asset0, asset1, amount0Contribute, amount1Contribute, deadline)”
A list of fields will appear below
In the asset0 section → This is for the AMPE token
chainId should be 2124
assetType should be 0
assetIndex should be 0
In the asset1 section → This is for the KSM token
chainId should be 2124
assetType should be 2
assetIndex should be 256
In amoun0Contribute, enter the amount you want to contribute for AMPE. Make sure to add 12 zeros to your amount. For ex. if you wish to contribute 10 then the input should be 10000000000000
In amoun1Contribute, enter the amount you want to contribute for KSM. Make sure to add 12 zeros to your amount. For ex. if you wish to contribute 10 then the input should be 10000000000000
For deadline field, add the block number that is 5 blocks higher than the current block-number. For ex. current block number is 10 then add 5 so the input should be 15. Current blocknumber can be found in the top menu Network > Explorer
Click on the “Submit Transaction” at the bottom of the screen.
Now from the pop-up click “Sign and Submit”. Next, enter your password in the wallet pop-up and confirm the transaction.
Once done, if the contribution is successful on polkadot.js screen you will see a green confirmation in the top right corner.

How to claim the LP tokens?

Note: This is to be done once the LBP contribution period ends.

Follow steps 1,2 and 3 from the section above

2. Choose the account you want to sign this transaction from the field “using the selected account”

3. Next in the “Submit the following extrinsic” dropdown choose “zenlinkProtocol”

4. In the next dropdown choose “**bootstrapClaim(recipient, asset0, asset1, deadline)**”

5. A list of fields will appear below

6. In the recipient dropdown select “Id”

7. In the AccounId dropdown select the account you used for contributing to the LBP

8. In the asset0 section → This is for the AMPE token

chainId should be 2124
assetType should be 0
assetIndex should be 0

9. In the asset1 section → This is for the KSM token

chainId should be 2124
assetType should be 2
assetIndex should be 256

10. In the deadline field, Add the block number that is 5 blocks higher than the current block-number. For example, if the current block number is 10 then add 5 so the input should be 15. The current blocknumber can be found in the top menu Network > Explorer

11. Click on “Submit Transaction” from the bottom of the screen.

12. In the pop-up click “Sign and Submit”. Next enter your password in the wallet pop-up and confirm the transaction.

13. Once done, if the contribution is successful on polkadot.js screen you will see a green confirmation in the top right corner.

When the LBP is live we will also share video walkthrough tutorials for the community on our socials.

AMPE Utility, Staking & Tokenomics

Our gratitude goes out to our dedicated AMPE community, whose steadfast support notably led to the successful Amplitude Kusama crowdloan, that raised over $1 million in KSM tokens. Now, we’re thrilled to offer you a home for AMPE trading.

The Amplitude Collator Program offers community members the chance to become an integral part of the Amplitude and Pendulum infrastructure. This program rewards collators with up to 11% yearly for running nodes. If you’re interested, apply to become a collator and learn more here. AMPE tokenomics are community-centric, with no AMPE token allocation for the team or advisors. To dig deeper into our tokenomics, read this article:

Amplitude (AMPE) Tokenomics

AMPE is the utility token that powers Amplitude Chain

medium.com

Summary

To conclude, the Liquidity Bootstrapping Program (LBP) offers a unique opportunity to acquire AMPE tokens before the official launch on Zenlink DEX. You can participate with either KSM or AMPE tokens using Polkadot.js. If you have questions or need assistance, we’re just a click away on Telegram and Discord. It’s an exciting time, and we’re thrilled to have you with us as we make Forex accessible in the DeFi space.

About Amplitude

Pioneering the internet of fiat. Amplitude is the sister network of Pendulum on Kusama. It will act as a testing ground for Pendulum applications and network parameters and be powered by the AMPE token.

About Pendulum

Building the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain based on Polkadot’s Substrate. Allowing traditional finance fiat services to integrate with DeFi applications such as specialized forex AMMs, lending protocols, or yield farming opportunities. Developed by SatoshiPay.

Keep your eyes on the Pendulum!