Review on Anchor by francis fernandez
stable crypto instrument for anti-inflationary trading
The common cornerstone of cryptocurrencies is the market price volatility to which they are subject.
To solve this situation many cryptors have established various technological and economic mechanisms to develop a stable coin.
Anchor is a blockchain platform created in order to establish a cryptographic system that contributes to avoid the instability and volatility of the digital currency.
What is this cryptographic stability mechanism?
Anchor employs a mechanism that combines the use of two tokens:
ANCT: which serves as the platform's main asset and as a payment currency in the ecosystem
DOCT: it is the token responsible for guaranteeing the stability of the main currency, through the connection of ANCT with the anti-inflationary and financial indicator of the world economy, called MMU (Monetary Measurement Unit).
By coordinating the movement of these two digital assets ANCT and DOCT; The Anchor ecosystem offers a currency of sustainable value over time that protects the devaluation of digital money.
In this way, Anchor creates a financially sustainable and stable digital economic system; based on the implementation of the exclusive MMU algorithm; which consolidates objective data such as the GDP reference of more than 90 nations in the world.
Under this cryptographic environment that connects the world economy with the anti-inflation infrastructure of the Anchor ecosystem; both investors and users from anywhere in the world can entrust their finances to this digital platform.
Users can use the native ANCT token to mobilize and trade digital assets without worrying about stock market volatility.
Pros
- Anti-inflationary digital asset
- Serves as a cryptographic bridge between fiat money and cryptocurrencies
- Allows you to trade instantly on an open market
- Offers low transaction fees
- Combine a two-token model to stabilize the value of the main coin
Cons
- It has some products in the development process
