With the safety and transparency of financial transactions increasingly being brought into question, a new financial instrument in the form of crypto currencies, powered by blockchain technology, is attempting to address these issues. The primary aim of blockchain technology was to decentralize control and provide the utmost security of financial transactions. According to Forbes [1], in an ideal 7 world, an optimal cryptocurrency would have the following four traits: price stability, scalability, privacy and decentralization. Anchor token is designed to preserve purchasing power and steadily enhance monetary value over time.
Anchor 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."