Ampleforth Adds Richy Qiao As Chief Business Officer And Simon Manka As Head Of Growthbr>
Ampleforth, a digital-asset-protocol for producing smart commodity-money, has appointed Richy Qiao as its Chief Business Officer.
Ampleforth, formerly Fragments, is a digital asset protocol for creating fair, independent money. The Ampleforth protocol moves volatility from unit price to unit count and achieves price stability by algorithmically expanding and contracting supply among holders based on demand.
Qiao is currently a Venture Partner at digital asset management firm FBG Capital. He brings experience both as an investor in the crypto space and as an operator within the traditional financial services. He previously spent time at Strategy&/PwC, leading strategy consulting projects across major Wall Street & Main Street banks, clearing and settlement firms and payment companies.
Qiao will be leading Ampleforth’s partnership development both domestically and abroad.
“Through my time at FBG, I’ve examined and interacted with nearly a hundred projects – Ampleforth shines as one of the most ambitious visions, paired with a heaping dose of realism,” said Qiao. “They understand that in the short-run, cryptocurrencies are a new and uncorrelated asset class, but have a vision to leverage today’s reality in order to redefine fairness tomorrow.”
Ampleforth also announced the appointment of Simon Manka as the company’s Head of Growth to further scale its go-to-market efforts.
Manka has been a blockchain enthusiast since 2013 and is committed to the creation of a vibrant decentralized economy. He brings years of sales and growth experience in cryptocurrency from IOSToken (Binance: IOST), a top 50 coin by market cap, and in tech from Waypoint Building Group, and Hightower Inc.
“Synthetic commodities are a new tool that certainly has a place in modern portfolio constructs,” said Manka. “Amples would serve a purpose unfulfilled by traditional assets in a way that current-generation digital assets cannot. We believe the blockchain community counts on projects like ours to push the envelope and innovate in the field.”
Evan Kuo, CEO of Ampleforth, said said that they hired Qiao and Manka because they need committed individuals with tenacity and vision to build out such an ambitious product, and they are getting that much closer with them on board.
“We are truly excited to be working with Richy and Simon, they are both talented individuals with exceptionally rare skill-sets,” Kuo said. “Together they are perfectly suited for launching and growing the Ampleforth network.”