The global crises in the early 2000s showed us how volatile the markets are. The banks of some countries, which issued an unlimited amount of money, caused the collapse of their local economy. With the increase in the number of mortgages called mortgages, there was a recession in the markets for the first time. This collapse created a domino effect and caused a global crisis. The bitcoin and crypto coins that emerged at this stage caused the money to flow into rising currencies instead of falling currencies.
When people recently learned about crypto currencies, it began to be spent on other systems instead of money printed by states that we call fiat currency. This period constituted the preconditions of the bull market and crypto currencies began to rise. People who invested in these currencies began to suffer after the Bitcoin price saw $ 20,000. It was very difficult for people to keep their money in this highly active market.
What is Anchor Project?
An alternative to these systems is the introduction of stabilcoins. These coins fixed to a certain asset could not give investors the advantages they expected. Even in the world-known crypto currencies like Tether, there is not enough transparency. I understood. Other than these systems, although there are money indexed to alternative assets such as real estate and gold, these systems have not been successful. Anchor is the first crypto currency that contains all the features that the market needs. Among its features is efficiency, no loss of value and dynamic.
Differences of Anchor System from Other Stabilcoins
- Unlike other stable coins, the anchor is built on a system that has the potential to rise instead of falling assets. Anchor, which is secured by the gross national product of developing countries around the world, is an upward trend system. Only in the last century, the assets of these countries have increased 30 times.
- Anchor system has a sustainable structure. The system called Maker dao is driven by the presence of Ethereum. The high volatility of this crypto currency prevents this currency from stabilizing. Although the project said that its value was $ 1 during the promotion phase, it often failed to reach these values and harmed people.
- Anchor system is designed in accordance with price stability. The system, which uses dual crypto currency, prevents high volatility movements. Doct and Anct systems prevent the loss of project value at the same time.
Working Mechanism of Anchor System
The real problem of people using stabilcoins is excessive loss of value and gains. The Anchor team prevents this and allows people to keep their money in a safer environment. In the event that the price of Anchor increases in time, the users who have a Doct in their hands are given more favorable prices and they are able to sell their tokens quickly. As a result of this process, which is balanced with the Anchor algorithm, the price of Anct is fixed to $ 1.
Otherwise, in case the Anct price decreases, people with Docts are allowed to buy tokens at lower prices. In this case, the price will move upwards in a short period of time to ensure that it is in line with market conditions.
Which Areas Can Anchor Be Used?
- In particular, the money received by people receiving pensions is crushed by inflation in some countries. These people, who want to make savings, realize that their money decreases over time instead of increasing. Thanks to fixed payments with anchors, these people can prevent their investments from losing value.
- As we know, some big companies have recently started to pay in crypto currencies. This leads to a high volatility and a reduction in the money of the users. This situation causes well-intentioned companies to remain in a difficult situation. With Anchor, people can get their salaries unaffected by inflation
- People working across borders send money to look after their families. The famous crypto currencies, which were recently released, stated that they were doing these transactions quite quickly. However, even if the transaction is fast, it is inevitable that these crypto currencies will suffer high value losses. The value of these currencies decreases until the user sends the money and reaches his family. This hampers the nature of the crypto currencies that appear as an alternative to the traditional banking system. Thanks to the fast and stable transfers of the anchor system, people can easily send money to each other.
Last Words
The Anchor project, which has a very large and experienced team, is supported by Advisors known to the crypto market. It is built on a very different system and provides great convenience to users with the algorithm registered by Anchor team.
Details of Anchor project
WEBSITE: https://theanchor.io
TELEGRAM: https://t.me/theanchorprojectcommunity
WHITEPAPER: https://theanchor.io/wp-content/uploads/2019/07/Anchor-Whitepaper-15-07-2019.pdf
FACEBOOK: https://www.facebook.com/theanchorio/
TWITTER: https://twitter.com/theanchor_io
MEDIUM: https://medium.com/@theanchor.io
REDDIT: https://www.reddit.com/user/TheAnchor_io
LINKEDIN: https://www.linkedin.com/company/theanchor/
YOUTUBE:https://www.youtube.com/channel/UCqCEuLzsvSnmJUM9U9Yt05A
Anchor project offers its values to individuals, strategists, retail investors, traders, and crypto companies, especially those dealing with credit, to their assets, to everyone.
I reviewed in detail and can easily say that Anchor is a very promising and innovative project considering the current situation of stable coins.
As a stable coin, it helps us to protect our assets against inflation, which makes the project meaningful.
There is a lot of fixation through cryptocurrency nowadays. Anchor would protect flexibility to keep inflation more stable.
The aim of the platform is to eliminate the problems experienced in all market instruments and especially in the system that emerges as excessive volatility and inflation in all kinds of digital assets.
Anchor Project and the team are fine but critical part of the project is to have sustainability in mechanism of stabilization of such projects.
The Anchor venture, which has an enormous and experienced group, is upheld by counsels known to the crypto showcase.