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May 30, 2019, 08:00:29 PM |
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Commodity-collateralized stablecoins are backed by other kinds of interchangeable assets, such as precious metals. The most common commodity to be collateralized is gold however, there are also stablecoins backed by oil, real estate, and baskets of various precious metals.
Holders of commodity-backed stablecoins essentially hold a tangible asset that has real value something most cryptocurrencies do not have. These commodities even have the potential to appreciate in value over time, which gives increased incentive for people to hold and use these coins. Anchor token is a stablecoin cryptocurrency pegged to a non-flationary, algorithmic financial index that reflects the long-term growth of the global economy. Unlike fiat currencies that are in consistent depreciation, data from the World Bank shows that since 1960, global GDP has expanded from $1.3trn to $80.7trn. The Monetary Measurement Unit (MMU) is Anchors algorithmic financial index. The MMU is based on validated data from the International Monetary Fund (IMF), the World Bank, Bloomberg, and other official sources of more than 190 countries over the last 25 years. The MMU is further stabilized with FX indicators from a basket of 16 currencies, and premium sovereign bond yields from 20 of the worlds strongest economies.
Offering the stablecoin market an alternative to Tether, Anchors tokenomics ecosystem is designed to be intrinsically stable with its 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.
The dual-token system is comprised of Anchor Tokens (ANCT), the main payment/currency tokens that will be publicly traded, and Dock Tokens (DOCT), the stabilizing utility tokens.
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