Ankorus - Blockchain Asset-Backed Tokens

About Ankorus

Ankorus will enable cryptoholders to buy real world financial assets. In exchange for cryptocurrency, Ankorus will create and allocate tokens that are exactly value-pegged to their corresponding assets. The natural result we expect to be a radical disruption to the traditional financial world, which too often serves too few.

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.

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.

It is worth noting that the still immature and evolving crypto sphere has too often been caught napping when it comes to the matter of security. A pervasive sense of vulnerability gnaws at many there as they know, at any time, their gains might fall prey to hackers or other misfortune.

Mission

Ankorus will forge a vital new connection from the crypto sphere to the established world of finance, enriching both with enhanced levels of opportunity and security.

Technology and Process

The Anchor Token system will be an alternative investment ecosystem that tokenises and makes available any financial instrument, including stocks, bonds, futures, options, gold, silver, commodities, REITs, ETFs and sovereign debt.

When our customers purchase Anchor Tokens, we will immediately purchase the corresponding asset. Ankorus, as trusted custodian, holds this asset in reserve.

Token holders can exchange their Anchor Tokens on the Ankorus token exchange, AnchorNet, or redeem their value directly from us.

Security Tokenization

Ankorus will be able to tokenise into an Anchor Token any financial asset that’s currently available. Ankorus will also take requests for Anchor tokenisation in return for a one-time tokenisation fee.

Ankorus will make available for purchase any financial assets currently traded worldwide, such as AMZN, FB, SBUX, BIDU, AAPL, US T-Bills and Bonds, USD, CHF, JPY, SPY, GLD, ZKB Gold, Crude Oil.

Token Allocation

Ankorus will begin accepting contributions on the 25th November 2017. Interested parties can contribute cryptocurrencies to Ankorus, which will be the only form of contribution accepted.

The contribution period will last for 30 days, after which the ANK tokens will be allocated to the contributors. Contributors will be able to view their contribution in their smart wallet. The "hard cap" is set at 150,000 ETH.

100 million ANKs (the maximum supply) will be created and apportioned as follows :

50% available to the public.
24% allocated to the Ankorus treasury.
15% allocated to the Ankorus founders*.
5% allocated to Ankorus advisors*.
3% allocated to bounties.
3% allocated to marketers costs.

* ANKs allocated to the Ankorus founders and advisors (totalling 20% of total ANKs) will be electronically locked up for a period of 12 months. This lock up will be built into the smart contract and visible on the blockchain.

Shortly after the tokens have been apportioned, the ANK will be listed for trading on a major exchange. After a period of approximately six weeks, Ankorus will list the ANK on a further two exchanges.

The ANK will perform several crucial functions within the Ankorus “ecosystem”. Customers wishing to use the Ankorus platform must possess a minimum of five ANK tokens. Possession of ANK tokens will also count towards favourable commissions when purchasing Anchor Tokens.

Creation Of Anchor Tokens

The customer selects a financial asset to tokenise.
Customer pays Ankorus for their purchase in any one of a number of currencies (this will include BTC, ETH, Ripple's XRP, BCH, Litecoin, Dash, NEO, Tether and ANK).
The Ankorus broker-dealer purchases the underlying securities, as selected by the customer. Orders are filled at the security’s currently traded price.
The equivalent value of Anchor Tokens for that security is then credited to the customer’s account in their smart wallet, minus a small fee and commission. Anchor Tokens will be credited to the customer’s wallet within minutes of receiving the order.
Any earnings derived from underlying securities will be either automatically reinvested back into those securities, giving the customer a larger number of Anchor Tokens, or credited to the customer’s wallet. The customer can choose which of the two options they prefer.

Ankorus is the only entity that can create or destroy Anchor Tokens, thereby maintaining their exact pegged value in line with the underlying security.

Roadmap

The following will commence following the completion of the ANK token contribution period, which runs from 25th November – 25th December 2017.

Phase One (January 2018 – June 2018)

Create the Ankorus Global Custodian

Phase Two (July 2018 – December 2018)

Further development :

Smart Wallets
General Ledger

Approach sections of the target market: offshore trust funds, tax and money havens, ultra-high net-worth individuals, cryptocurrency and hedge funds, traditional hedge funds.

Plan to register as a broker-dealer with the FCA, FINRA and SIPC.

Phase Three (January 2019 – March 2019)

Finish development and deploy AnchorNet, the Anchor Token exchange platform.

Team