Anchor's token listing on Liquid marks the first time crypto traders, investors, and enthusiasts can purchase, trade, and sell the first algorithmic stablecoin pegged to the global economy.
NEW YORK, Aug. 26, 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 on Liquid and available for trading as of today, August 26, 2019. As a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto, Liquid is a premier exchange for crypto assets, and the ideal launchpad for Anchor's international token rollout on exchanges. The value of ANCT paired against USD at the time of launch is approximately $0.79 USD, and is also available for trading pairs against BTC, ETH, and XRP.
ANCT offers a solution for traders seeking a dependable hedge against market volatility and inflation. Additional benefits include liquidity, retaining long-term price stability of earnings and savings, an easy on-ramp from fiat to crypto, as well as simple exchange into other fiat or crypto currencies.
In an announcement released earlier this month, Mike Kayamori, CEO and Co-founder of Liquid, said, "We are true believers of the impact cryptocurrencies can have on the future of finance, which drives us to support companies like Anchor. With the technology to provide stability against rising inflation and market volatility, we are excited to be the first exchange to launch a token pegged to the growth of the global economy."
Anchor Founder and CEO Daniel Popa said, "Anchor's listing on Liquid, marks the first time an algorithmic stablecoin pegged to the global economy is available for users to purchase, trade, and sell. Anchor and Liquid's commitment to transparency and regulatory compliance makes Liquid an ideal fit to be the first exchange to list the Anchor Token (ANCT)."
"Given the uncertainty plaguing the world's fiat-driven economies," Popa added, "Anchor is providing an alternative to fiat-pegged stablecoins and offering crypto traders, businesses, organizations, and individuals long-term price stability, preservation of purchasing power, and protection against inflation while hedging against market volatility."
Anchor also recently released its new Anchor Wallet in beta. The Anchor Wallet is a stable and secure store of value providing ease of liquidity at any point in time by using the wallet's transfer feature to any Ethereum wallet address. Anchor Wallet users can purchase ANCT with any fiat currency or major cryptocurrencies including BTC, ETH, USDT, and USDC. Currently, in beta testing, crypto enthusiasts with trading experience who can contribute to improving the user experience are welcome to apply by visiting theanchor.io/wallet.
To celebrate its launch on the Liquid exchange, as well as the release of the Anchor Wallet, and other exciting project developments, the Anchor team will be co-hosting #AnchoredInAsia, a networking event and panel discussion with crypto influencer Michael Nye on the sidelines of Invest: Asia 2019 in Singapore on September 12th, 7-9pm. The panel will feature blockchain and crypto thought leaders offering insight on the topic of "Crypto Beyond Trading," which will be recorded and aired on Michael Nye's Evolvement Podcast. Guests will enjoy complimentary drinks and floating canapés, as well as be eligible for an airdrop of 50 ANCT.
To register for Anchor's launch event in Singapore on September 12th please visit: https://theanchor.io/events/invest-asia-singapore-2019-anchor-official-launch/
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.
Anchor's two-token model consists of Anchor Tokens (ANCT), that serve as the main currency/payment tokens; and Dock Tokens (DOCT), the utility tokens that stabilize the currency ensuring ANCT remains pegged to the MMU, regardless of external market fluctuations. DOCT cannot be used as a means of payment, transferred between token users, nor traded on an exchange. DOCT can only be purchased during a Contraction Phase and will be automatically converted to ANCT either after their respective waiting periods, or when an Expansion Phase occurs. Anchor's elastic currency supply is regulated by the Contraction and Expansion stabilizing mechanisms through which Anchor's system programmatically buys and sells, as well as burns and mints tokens in order to maintain ANCT's price in equilibrium with the MMU.
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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.
Founded in 2014, we are a leading global fintech company that operates Liquid.com ("Liquid"), a global cryptocurrency platform that provides trading, exchange, and next generation financial services powered by blockchain technology. With offices in Japan, Singapore, Vietnam, and now the USA, Liquid combines a strong network of local partners with extensive team experience in banking and financial products to deliver best in class financial services for its customers.
Today, Liquid is the world's largest crypto-fiat platform by transaction volume, regulated in Japan. Powered by the World Book, which provides customers enhanced price matching and deeper liquidity for various fiat and cryptocurrency pairs, Liquid offers trading services for major cryptocurrencies such as bitcoin and ethereum against fiat currency pairs in Japanese yen, US, Singapore and Australian dollars, and euro.
As part of the Liquid roadmap, we are developing a range of new features and services including a distributed ledger, which will allow other fintech companies to build their products and services on distributed ledger technology.
More information is available at Liquid.com.