The world economy is broken and it needs a serious fix. But no! Our top world executives are either unaware or are aware and taking advantage of it. At my workplace, I get lots of neatly dressed bankers and insurance personnel with their sweet voice talking me into saving at their banks or signing on their insurance schemes. They make promises of huge interest at the end of the duration. But in fact, they have no control over how the economy will be. The things the sum assured can buy today will be different in the future because of inflation of the fiat currency.

The yearn for a stable currency is not the cry of investors alone, businesses are constantly looking for a safe haven to keep the capital and the value of their assets. Traders face the same problems with prices of commodities constantly changing every day. All these assets are backed by top fiat currency. Changes in these currencies will affect everything.

Cryptocurrencies lead by Bitcoin came into the picture to help solve these challenges. Well...we know what is happening now. There's' total deviation from the vision of the founder of Bitcoin. The whole system is now run by a centralized system with price manipulation making cryptocurrencies the worse place to store value. This makes people wonder if there's a way out of this. Actually, YES!

The Anchor

With their core belief that whatever asset one has acquired now should not lose value later, the anchor was created. The anchor is meant to be a stable coin anchored by the world economy designed to provide token users with long-term price stability and protection against inflation. This is a twist in the cryptocurrency industry where we know most stable coins are backed by inflationary fiat currency. Records show that the value of the world economy has increasing gradually over time making it the best option for people to store value in Anchor.

The solution

You might be thinking this sounds too good to be true. Fortunately, there's a fix to all these. The first step the team thought of is to create a very stable currency. The team settled on the two-tokens economy. They're Anchor Token, the system’s main currency and payment token, and the Dock Token, a utility token that stabilizes the system.

All the cryptocurrency stable coin are pegged to either USD or EUR which in real life are susceptible to inflation. The anchor token will be pegged with Monetary Measurement Unit (MMU). The MMU is an index that shows the value of the global economy, as the most universal, stable and predictable pegging tool available today. The team has developed a unique formula that will see to the success of this. The whitepaper contains all the details of how this will work out.

Check the links below for further investigations

Website
Whitepaper
Telegram
Bounty0x: ibracks