According to data from crypto-forensics firm Chainalysis, the value of bitcoins handled by major payment processors nosedived by nearly 80 percent from last January through September 2018. With wild price movements that can send bitcoins value fluctuating by 30 percent in the span of a week, even the most widely adopted cryptocurrency remains an unappealing medium of exchange for merchants and everyday users.
However, a stablecoin project with the right economic protocol design could promote more security, confidence and transferability throughout the payments ecosystem. But to achieve merchant adoption at scale, stablecoin teams will have to form strong partnerships with payment processors, retailers and other key members of transactional supply chains.Anchor token is designed to preserve purchasing power and steadily enhance monetary value over time.
Anchor token is a stable financial ecosystem comprised of a stablecoin cryptocurrency and a non-flationary, algorithmic index. The index is based on the sustainable, upward trend of global economic growth measuring real world value using financial indicators such as the GDP of more than 190 countries, FX indicators of a basket of 16 currencies, and premium sovereign bond yields.
Anchors tokenomics ecosystem is designed to be intrinsically stable with its algorithmic index called the Monetary Measurement Unit (MMU) and a safety-net of six stabilizing mechanisms, which includes a two-token, burn-mint model to ensure stability regardless of market recession, volatility, inflation, and other dynamic economic scenarios.