ANCHOR-Anchored By Global Economy



Blockchain technology has gotten to the level in which the whole world cannot do without it. We have discovered that this technology is making the news headline everyday which symbolizes global and rapid adoption of this technology. But despite the greatness and potential of this technology, there are still some things that needed to be improved upon its use. We have several and different blockchain network such as bitcoin blockchain, ethereum blockchain, eos blockchain, tron blockchain and some other more. The level of difficulties associated with each of this blockchain network varies based on the type of blockchain.
We have some blockchain that are more cumbersome and difficult to use than some others, we also have some that easy to use but they are lacking some other qualities. Let’s take for example the speed of transaction which is solely dependent on the nature of blockchain transaction. Some transactions do take several hours before it could be confirmed on the blockchain network, some blockchain also charges high transaction and mining fees. This is the reason why a new team has gathered around to rectify this problem by launching a new blockchain project known as

ANCHOR

Anchor is a stablecoin and is the first currency pegged to global economic growth, and hedged against market volatility and inflation.

Anchor is structured as a dual-token system consisting of the Anchor Token, the system’s currency and payment token, and the Dock Token, a utility token that stabilizes the system.

Anchor offers a unique solution to the core global economic issues of depreciation and volatility by providing stability and predictability. Anchor plans to achieve these objectives through two key components of the system:

The Vision

The vision is to create a stable platform for any crypto or traditional currency to peg their value to, and to be a cornerstone for price stability as a global currency and financial standard.

The Mission

Anchor’s core mission is to be a driver of global economic stability.

Benefits of Anchor (Why Anchor Stands Out)

Anchor offers a unique opportunity to invest in a new cryptocurrency that has the potential to resolve most of the problems that plague the world’s economy and most of the other cryptocurrencies. Namely, Anchor is here to fix the stability issue that almost every other currency in the world is facing right now. With the dual-token mechanism, Anchor represents the ideal opportunity for investors and traders to truly protect their holdings.

As promising as the world of cryptocurrencies is, we know that stability is definitely in high demand. After all, we have seen one coin tumble after another. That is why Anchor plans to become the first coin ever that offers almost no volatility whatsoever. We even have systems specifically designed to prevent pump and dump strategies that have destroyed other similar projects in the past.

How It Works?

Anchor is designed to work on two platforms, Ethereum and Stellar. Core business logic of the system is built on Stellar network while there is ERC20 token on Ethereum to ease enrolment of new users to the platform since Ethereum has a much stronger community. With this fact in mind, Anchor also provides the possibility to transfer ERC20 tokens from Ethereum to Stellar network or to buy ANCH for ETH or BTC directly.

The system itself is a two-token one, where the Anchor is the utility token, and the Dock is the internal, stabilization mechanism token. This system will react to any changes in the value of Anchor on the market with a contraction, or an expansion phase, that will stabilize the currency to its desired value peg.

About The Monetary Measurement Unit (MMU)

The MMU is the formula we use to determine the value of the global economy. The system will use a proprietary algorithm to go through macroeconomic indicators on a global scale to create a numerical index it can use to peg all existing currencies to.

To create this peg, the algorithm uses two key elements – the FX indicator, and the MMU premium. The FX indicator indexes the currencies of the 20 biggest participants in the world economy. In fact, the indicator only uses currencies of the countries that partake in the world economy with at least 1%. From there, the FX indicator uses the exchange rates of the international market to enable the nominal expression of the MMU.

This part of the system was created to mimic and improve the IMF’s SDR. For comparison, the IMF (International Monetary Fund) is basing all of its calculations for the SDR on the values of top five currencies that aren’t even picked based on their real part in the global economy, but are rather politically chosen.

Anchor is offering a stable peg of value that will be expressed primarily in US dollars and that takes politics out of the equation completely.

The second element in our MMU is the Premium. The MMU Premium calculates the amount of growth that can be expected based on sovereign bond yields of countries we have chosen to invest in and the average inflation rates. This Premium is about 0.4% on a yearly basis. That represents a steady growth that can outpace the rate of inflation, growth that can be securely maintained in the years, or even decades to come.

About The Two-Token Model

The Anchor project uses two tokens to prevent value fluctuation. The Anchor, which is tradeable, and the Dock token that is there to serve as a buffer against fluctuation. The system will manage the value of the token through the use of the stabilization mechanism that includes the Contraction Phase and the Expansion Phase. Those two phases will allow Anchor to enhance the value of the holders’ investments, at the same time, making sure that the value of the stablecoin remains the same.

Furthermore, Anchor consists of a two-token model composed of Anchor Tokens (ANCT), that serve as main currency/payment tokens; and Dock Tokens (DOCT), the utility tokens that stabilize the currency ensuring ANCT remains pegged to the MMU regardless of external fluctuations. Anchor’s flexible currency supply is regulated by the Anchor tokenomics, the principal component of which is the Contraction/Expansion mechanism, through which Anchor’s system will programmatically buy and sell tokens in order to maintain ANCT’s price in equilibrium with the MMU.
TEAM MEMBERS
Blockchain, Software & IT Team

Legal Team

Business & Management Team

Sales and Marketing Team

Monetary Measurement Unit (MMU) Team

For more information, please visit:

Website: https://theanchor.io/

Whitepaper: https://theanchor.io/wp-content/uploads/2019/07/Anchor-Whitepaper-15-07-2019.pdf

Telegram: https://t.me/theanchorprojectcommunity

Twitter: https://twitter.com/theanchor_io

Facebook: https://www.facebook.com/theanchorio/

Medium: https://medium.com/@theanchor.io

Reddit: https://www.reddit.com/user/TheAnchor_io

LinkedIn: https://www.linkedin.com/company/theanchor/

YouTube: https://www.youtube.com/channel/UCqCEuLzsvSnmJUM9U9Yt05A
BOUNTYOX Username: maniecool
Author : Maniecool

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1692995


Comments 0