Anchor (cryptocurrency)

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.

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.

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.

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.