Anchor

Anchor ANCT

$0.7931
Market Cap $ 10.163 MM (#464)
24h Volume $ 13.648 K
Chg. 24h: 0.24%
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Anchor project purpose and description

Anchor clarity of purpose

Anchor purpose and aspects

Anchor is a two-token, algorithmic stablecoin pegged to global economic growth. Providing an alternative to fiat-pegged stablecoins, Anchor aims to remain stable regardless of any fiat currency’s strength, market fluctuations, or economic recessions. By leveraging the sustainable growth trend of the global economy, Anchor offers stable financial solutions to individuals, businesses, organizations, and governments.

Anchor categories

Digital currencyMarketplace

Short description

Anchor is a two-token, algorithmic stablecoin pegged to the sustainable and predictable growth trend of the global economy. Anchor offers token users long-term price stability, preservation of purchasing power, and protection against inflation.

Abstract

The Anchor token (ANCT) is a safe store of value, stable unit of account, and a fast andaffordable medium of exchange for borderless transactions as a global currency. Its underlyinginfrastructure is designed to develop stable, fast, cost-effective, secure, transparent, andscalable financial products and services for individuals, businesses, organizations, andgovernments.The Monetary Measurement Unit (MMU) has the potential to become a financial standardthat any digital or traditional currency can utilize as a value peg to attain long-term stabilityand preservation of purchasing power. Anchor’s core mission is to be a driver of globaleconomic stability, digital currency adoption, and financial inclusivity as a global currency andfinancial standard in the age of decentralized finance (DeFi).

Link to Roadmap: https://theanchor.io/wp-content/uploads/2020/02/Anchor-Stablecoin-Whitepaper-02-2020.pdf
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