Anchor Stablecoin: Upending the Stablecoin Market
Anchor Stablecoin is taking a two-pronged approach to stablecoins with two algorithmic stablecoins, pegged to the trajectory of the global economy. The two stablecoins are DOCT ( utility token ) and ANCT (payment token). The main value proposition of this stablecoin is to stave off inflation and act as a hedge against harsh economic conditions while maintaining value for holders. The value may increase but it’s engineered to maintain value and remain stable. Also, it’s important to note that Anchor has a proprietary Money Measurement Unit (MMU) that measures the purchasing power and value created by Anchor.
One of the value propositions of Anchor is the sustenance of value relative to overall economic activity; specifically gross domestic product, which is a measure of goods and services produced in the economy. Thus, Anchor has a system, called The Monetary Measurement Unit that quantifies the economic benefit of holding Anchor tokens. The MMU is a financial index created by an algorithm that reflects the GDP of more than 190 nations from the last 25 years.
Anchor stablecoins are not collateralized by any assets and offer an alternative to fiat- pegged stablecoins. As an added bonus, Anchor’s token metrics is financially engineered to cultivate an intrinsically stable ecosystem with it’s proprietary MMU and dual token model to neutralize market ebb and flow and ensure equilibrium.
Anchor’s algorithmic financial index relative to GDP is the first attempt to create a dependable financial standard and measure of value since the International Monetary Fund’s Special Drawing Rights (SDR). The SDR is only available to IMF member countries and financially engineered according to a composite of five currencies as opposed to the MMU which is based on a composite of 10 currencies of the strongest economies. Hence, MMU gives a more accurate reading of the strength of the global economy.
The primary difference between Anchor and other stable coins is that Anchor is algorithmically designed and pegged to global GDP growth rather than being pegged to a single currency like tether. Hence, Anchor is a novel and innovative kind of stablecoin which staves off inflation. Anchor tokens will be available during the Token Generation Event in mid-August. The initial release for the TGE is 1.1 billion tokens and the price of the DOCT token is .79 cents. Tokens generated in every round will be distributed 60 days after the TGE.
Anchor is revolutionizing the stablecoin market with a stablecoin that is specifically engineered to hold value, stave off inflation, and grow in tandem with the global economy. The main value proposition of Anchor is the preservation of assets. Safeguard your assets with Anchor and make your personal economy recession-proof.