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Anchor (cryptocurrency)

Anchor (cryptocurrency)

Anchor is a stablecoin cryptocurrency pegged to the world economy.

Overview

Established in 2018 in Zug, Switzerland, Anchor is the financial services company behind Anchor, a two-token, algorithmic stablecoin pegged to the sustainable and predictable growth of the global economy. Anchor offers token users long-term price stability, preservation of purchasing power, and protection against inflation. Anchor's products and services includes the proprietary algorithm for the Monetary Measurement Unit (MMU) and the Anchor Wallet. Anchor is modeled as a two-token system consisting of the anchor coin, the system's currency, and the Dock, a collateralized utility token used to insure system stability.

The MMU

Achor is pegged to a non-inflationary financial index called the Monetary Measurement Unit (MMU). This index is intended to represent the real growth of the global economy, taking into account real-time macroeconomic data to calculate the value of the global economy and mirror its sustainable and predictable growth tend. The MMU algorithm utilizes a series of financial indicators, including GDP from over 190 countries, as well as forex indicators from currencies and premium sovereign bond yields. The algorithmically calculated financial index is intended to create a reliable financial standard and objective measure of value.

Two token model

Anchor's two-token model is composed of Anchor Tokens (ANCT), which serve as the main currency or payment token, and Dock Tokens (DOCT), which are utility tokens that stabilize the currency ensuring ANCT remains pegged to the MMU regardless of external market fluctuations. DOCT can be used as a means of payment or transferred from one token holder to another, and can be exchanged during contraction and expansion phases. These contraction and expansion phases are used to programmatically buy and sell, as well as burn and mint, in order to maintain ANCT's price equilibrium.

Governance model

The governance model of Anchor includes a governing body of up to twenty one validators with one spot reserved for Anchor. The Validators are responsible for decentralized consensus of the value of the MMU, token price, token volume, and other processes around Anchor's system. The decentralized governance model is intended to also include partnerships from up to 195 countries to act as Anchor's advisory body.

Timeline

Patents

Further Resources

Title
Author
Link
Type
Date

A Quick Look at Popular Crypto Revenue Models | Anchor

The Anchor.io

Web

July 28, 2019

Anchor - Public Dashboard

April 3, 2019

Anchor - Validators Dashboard

April 3, 2019

News

Title
Author
Date
Publisher
Description
August 18, 2021
WebWire
Last October, Spotify launched a pioneering listening experience called Music + Talk that brings together music and spoken-word content. The unique format weaves full songs and talk commentary together into one show. Through Anchor, Spotify has also made Music + Talk an accessible format that anyone can use to create these unique shows. Anchor’s suite of tools is already available to users in the U.S., Canada, the U.K., Ireland, Australia, and New Zealand. Starting today, we’r...
Oncopeptides AB
May 19, 2021
www.prnewswire.com:443
/PRNewswire/ -- Oncopeptides AB (publ) (Nasdaq Stockholm: ONCO), a global biotech company focused on the development of therapies for difficult-to-treat...
Ashley Carman
April 27, 2021
The Verge
Spotify is launching a podcast subscription product that'll allow creators to charge for content. Subscribers will have to pay for access through their dedicated Anchor landing webpage.
Sarah Perez
April 27, 2021
TechCrunch
Spotify today is officially rolling out paid podcast subscriptions, after first unveiling its new subscription platform at the company's "Stream On" event in February. Through Spotify's podcast creation tool Anchor, podcasters will be able to mark select episodes as subscriber-only content, then publish them to Spotify and other platforms. The service was initially tested with [...]
Rachel Moss
April 9, 2021
HuffPost UK
Bring on April 12 🍻
SHOW MORE

References

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