NEW YORK, Nov. 5, 2019 /PRNewswire-PRWeb/ -- Anchor (ANCT), a two-token, algorithmic stablecoin pegged to the sustainable and predictable growth trend of the global economy, is now listed and available for trading on IDEX, the world's leading decentralized cryptocurrency exchange. IDEX provides retail and institutional traders with a secure, trustless, and real-time trading experience backed by transparent blockchain settlements.
Following Anchor's token launch on Liquid in August, IDEX is the second exchange to list the stablecoin offering ANCT for purchasing, selling, and trading to crypto traders, investors, and stablecoin enthusiasts. ANCT offers token users a hedge against daily market volatility, long-term price stability with steady appreciation over time, ease of fiat currency on-ramp and off-ramp, and liquidity.
IDEX CEO Alex Wearn said, "Next-generation stablecoins like Anchor (ANCT) hold a promising future. We're excited to play a part in unlocking more diverse financial services and options for our traders."
Anchor Founder and CEO Daniel Popa stated, "Anchor's token listing on IDEX, one of the world's leading decentralized exchanges, marks an important milestone in our promise to provide a scalable and viable alternative to fiat-pegged stablecoins to crypto traders, businesses, governments, and individuals around the world. As the first to market a new category of digital global currencies, Anchor is uniquely independent from any fiat currency's value and is pegged 1-to-1 with the Monetary Measurement Unit (MMU), a non-flationary financial index, which reflects the sustainable growth of the global economy."
A two-token, algorithmic stablecoin, Anchor is pegged to global economic growth via the Monetary Measurement Unit (MMU). The MMU is a non-flationary financial index created by an algorithm that tracks a series of macroeconomic indicators to provide the most accurate, available measure of real value that exists in the world today.
Stablecoins backed by fiat are susceptible to the same market fluctuations, depreciation, and loss of purchasing power as their traditional counterparts to which they are pegged. The global economy, on the other hand, has a sustainable and predictable growth trend with global GDP steadily increasing over time. Providing an alternative to fiat-pegged stablecoins, Anchor will remain stable regardless of any fiat currency's strength, market fluctuations, or economic recessions.
Anchor's next-generation tokenomics incorporates an elastic supply rule that adjusts the quantity of coin supply proportionately to changes in Anchor's market value with a two-token, burn-mint model that adheres to naturally occurring Contraction and Expansion Phases. Anchor Tokens (ANCT) serve as the main currency/payment tokens, while Dock Tokens (DOCT) serve as the utility tokens that ensure ANCT remains pegged to the MMU regardless of external market fluctuations.
Beyond trading, Anchor's stablecoin could be leveraged to significantly reduce fees and transaction times when sending remittances or making international payments via wire transfer or credit card. The unbanked can join the Anchor Economy simply by downloading the Anchor Wallet to a mobile phone, which enables funds to be stored, sent, and received without value lost due to transaction fees. Furthermore, Anchor's financial index, the MMU, has the potential to become a new financial standard and an ideal value peg for countries issuing their own sovereign cryptocurrencies, such as the Marshall Islands along with 18 other countries creating or researching the issuance of a decentralized digital currency.
In addition, Anchor is planning to enter its first round of fundraising and will be offering traditional equity in exchange for financing from institutional investors, VCs, and private equity firms. Chief Communications Officer, Olya Moskalenko will be available to meet with interested parties during Invest: NYC at the New York Marriott Marquis between November 11th - 13th.
Users can purchase and trade Anchor (ANCT) on IDEX now by signing up or logging into their IDEX accounts and following this link: https://idex.market/eth/anct
Please note, trading ANCT on IDEX from the United States is currently unavailable.
----
For media inquiries, please contact:
Olya Moskalenko
Chief Communications Officer
olya.moskalenko(at)theanchor.io
Kili Wall
Melrose PR Account Executive
Kili(at)melrosepr.com
+1 (310) 260-7901
About Anchor
Anchor is a stablecoin cryptocurrency pegged to a non-flationary, algorithmic index that reflects the long-term growth of the global economy. The Monetary Measurement Unit (MMU) algorithm is based on the GDP of more than 190 countries and further stabilized with FX indicators from a basket of eight currencies, and premium sovereign bond yields from 10 of the world's strongest economies. Offering the stablecoin market an alternative to fiat-pegged stablecoins, Anchor's tokenomics ecosystem is designed to be intrinsically stable with its MMU and safety-net of six stabilizing mechanisms, including a two-token, burn-mint model to ensure stability and equilibrium regardless of market growth or recession. CEO Daniel Popa, a serial telecom and software entrepreneur with over 20 years experience running successful multinational companies, has led a team of PhD economists in developing Anchor's proprietary MMU. Anchor's network of partners includes Ambisafe, blockchain infrastructure provider that previously worked with Tether; as well as KYC Spider, a digital KYC compliance tool for financial intermediaries and the fintech industry.
About IDEX
IDEX is the #1 DEX on Ethereum, providing retail and institutional customers with a secure, trustless, and real-time trading experience backed by transparent blockchain settlement. Through a hybrid design that manages trade matching and balance updates off-chain, IDEX eliminates mining delays and enables continuous trading, multiple simultaneous orders, and zero-fee cancellations.
For more information about IDEX, please visit https://idex.market/eth/idex.
SOURCE Anchor Stablecoin
Share this article