ICO Review: Ankorus Will it Cast Anchor?

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The core team is comprised of the five founders of the company, from the US, UK and South Africa. The ICO rush is upon us, with dozens of new initiatives https://cryptolisting.org/ popping up every day. And while some ICOs will be the next big thing, some are doomed to fail from the get go – telling who’s who is no easy task.

  1. The offering focuses on cryptocurrency holders, who are still a minority.
  2. Combine this with blockchain technology’s extreme transparency and suddenly you open the flood gates for the broadest groups of users, which is exactly what the ecosystem needs, new capital inflows.
  3. This is what Ankorus will bring during their ICO, a platform to connect cryptocurrency traders to institutional finance and financial assets.
  4. This information is not intended to amount to advice on which you should rely.
  5. Ankorus will open multiple new channels for the movement of wealth, and this additional fluidity will also facilitate exits to more stable holdings from volatile markets.
  6. But when I was introduced to a new company called Ankorus, it reminded me of that situation and it reminded me of my current situation – that I still have two trading accounts.

During the 30-day ICO, Ankorus is issuing 50 million tokens, with a total supply of 100 million. The ICO period started on November 25th and will run through Dec 25th, 2017. Once you pay for them, the Ankorus tokens are immediately issued via a smart contract directly into your account.

ICO Review: Ankorus – Will it Cast Anchor?

The only way I see the cryptocurrency world expanding, including smart contracts, is a connection to traditional finance. The only way I see the cryptocurrency world expanding, including smart contract adoption, is via a connection to traditional finance. Undoubtedly, the concept of connecting cryptocurrencies and traditional financial assets deserves attention. Ankorus claims that thanks to the AnchorNet platform, transaction times will be much faster. Connection to the cryptocurrency exchanges, as well as the license from a few different monetary authorities, should provide security.

This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.

Where some rivals simply expose their customers to assets, Ankorus will actually secure and hold them for you. Cryptoholders could truly diversify their portfolios across multiple asset classes. Harnessing innovative technology, Ankorus is initiating a new landscape of frictionless trading, beyond geographical boundaries and prohibitive financial barriers. CME’s launching of bitcoin futures before year end is great news for Ankorus. Ankorus expects to be filling orders just weeks after bitcoin futures arrive. Unlike traditional brokers, Ankorus will be able to accept cryptocurrency for the contracts.

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Easier, cheaper & faster than ever before using crypto with a planned registered broker-dealer on a major stock exchange. In conclusion, the attempt to create blockchain asset-backed tokens and an ecosystem connecting cryptocurrencies with financial instruments is worth attention. On the other hand, however, potential investors may be discouraged by the lack of financial details.

The main purpose of the platform is to enable cryptocurrency holders to buy real assets from the financial world. In exchange for one of the 60+ digital coins, the Ankorus platform will create and allocate tokens to their corresponding assets. Ankorus plays the role of trusted custiodan and holds the purchased assets in reserve. After buying tokens, holders may sell them on the exchange created for this purpose or redeem their value directly from Ankorus. Auditing, oversight and safeguards through a registered broker-dealer offers credibility among market makers, professional traders and institutional investors.

Ankorus Symbol:

This allowed the current cryptocurrency ecosystem to develop in its own peculiar space, ring-fenced and relatively isolated. I suggest they double down on their efforts to turn their token into an American Express points equivalent and quickly sign partners that appeal to the crypto community. The more partners and options your token holders have, the higher the perceived value.

Token About A Revolution

Twenty-four hour multilingual customer care will be on hand to attend to any account issue customers might have, whether breached security or simply a mislaid password. Ankorus intends to become a fully registered broker-dealer and acquire membership on a large and reputable exchange, securing the cheapest commissions for our customers and enabling all the best practices. Assets purchased and held by Ankorus will be insured and audited on a regular basis, for we recognise that trust and transparency are two of the ankorus ico most crucial ingredients in fostering sustained growth. Additionally, we will also establish AnchorNet, our unique trading platform that will form the nexus between the crypto and finance worlds. According to the company’s whitepaper, the project team has already finished the initial development of smart wallet and Reactive Portfolio Management (RPM), as well as a specialized general ledger. A new breakthrough exchange where you can buy financial assets including stocks, shares, bonds, ETFs, FX and commodities.

Combine this with blockchain technology’s extreme transparency and suddenly you open the flood gates for the broadest groups of users, which is exactly what the ecosystem needs, new capital inflows. Vibrant markets require liquidity, and by our plan to link the crypto world with that of finance, trading volumes will assuredly – and markedly – increase. Ankorus will open multiple new channels for the movement of wealth, and this additional fluidity will also facilitate exits to more stable holdings from volatile markets. Where previously cryptoholders found themselves lost at sea, Ankorus will empower its users to anchor in a safe harbour of their choice.

The rapid growth in cryptocurrency we have seen in the last year has been accompanied by volatility and bottlenecks in infrastructure with your only option ride out huge market swings in USDT. Cryptocurrency traders are presently locked into the existing ecosystem that that they cannot leave, they can only keep funds in crypto or USDT Tethers. Within weeks, the company will be the only entity directly servicing the cryptosphere with CME bitcoin futures. Ankorus will pioneer the introduction of the SEC-regulated broker-dealer model into the crypto world.

Crypto Gambling Regulations Struggle in Japan

As a crypto-savvy broker-dealer, and one with its own ERC20 token — the ANK — Ankorus will be uniquely positioned to meet demand from crypto-holders, without their first exiting to fiat currency or dealing with banks. Ankorus was created by a team of experienced professionals, but it is always easier to judge working products than just a concepts, which possess greater risk to an investor. The lack of financial projections along with the potential user base size also can be treated as a disadvantage. With that said, total cryptocurrency market capitalization has increased from $1.5bn in May 2013, to $179bn in Sep 2017, a 120-fold increase in less than four and a half years.

This article is a part of a series of reviews created by the Finance Magnates Intelligence Department as a public service.

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