ANKORUS - Finance and Crypto Worlds Linked

ABSTRACT

The advent of blockchain technology allows for the creation of asset-backed tokens, where each token can be pegged to the value of a corresponding security held in reserve. Blockchain technology also enables the transcending of old geographical barriers to entry. Tokens can be traded online from anywhere, quickly and cheaply, and can be sold as fractionalised assets, further lowering financial barriers to entry. Ankorus will establish an online exchange populated by any financial asset currently available worldwide. Various auditing measures will be taken to establish transparency, and customers will be able to validate that tokenised assets are fully backed and held by Ankorus. Ankorus prioritizes responsive customer care as a core value.

INTRODUCTION

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.

EXECUTIVE SUMMARY

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.

With Ankorus, peace of mind will be bestowed by our next generation smart wallets and innovative exchange procedures, where we will set new – and needed – standards in security and service. 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 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.

WHAT SPARKED THE ANKORUS REVOLUTION?

A Message from John Cruz, CEO

A trader’s job is to be right about a lot of things at the same time. That alone is hard enough.

Add to the mix the challenges of learning new trading platforms, coupled with poor onboarding and customer support from vendors and exchanges, and it’s no wonder that trading is so frustrating, expensive and difficult to get right.

All that was before 2013 and the advent of cryptocurrencies. But this new trading arena is sadly even worse. Vendors and exchanges have substandard, and occasionally criminal, levels of competency, security and support. And that's not counting the ever present threat of hacking.

I’ve traded stocks, bonds, futures, options, metals, commodities, currencies and cryptocurrencies. I’ve also been trading electronically for most of that time, beta testing almost every platform ever used. After 25 years, I cannot go through this rebirth all over again. So, I am creating this platform for me and to share with the world. And my team can make it happen. The advent of the ICO is the key to this endeavour because it can provide the stimulus to build my team and bring my ideas to life. I'm sure we can do it because we have the knowledge between us to do it right.

No one is more demanding of a platform than I am. Bells and whistles do not make you money, they cost you money. I want us to make money. Friction makes things slow and expensive and I'm familiar with the friction points in trading. This blockchain revolution eliminates them. Trading therefore becomes easier. Ankorus is the logical next step. My career has been long and profitable because I have been a successful spread trader, and arbitrageur. I look for and find low-cost entries and market inefficiencies. Trading is my job and I constantly work at it. Anchoring my money is a part of what I do. You must preserve your capital. Crypto trading doesn’t scare me. Incompetent, unreliable crypto exchanges and no-support platforms scare me. I am not only building Ankorus for me, others can benefit from it too. The time has come to act.

TECHNOLOGY AND PROCESS

The Token Anchor system will be an alternative investment ecosystem that enables and provides any financial instruments, including stocks, bonds, futures, options, gold, silver, commodities, REIT, ETF and state debt.

When our customer purchases an Anchor Token, we will immediately purchase the appropriate asset. Ankorus, as a trusted keeper, holds this asset in reserve. Token holders may exchange their Anchor Tokens at the Ankorus sign exchange exchange, AnchorNet, or redeem the value directly from us.

TOKENIZATION SECURITY

Ankorus will be able to commit tokenise to the Anchor Token of any existing financial asset. Ankorus will also request an anchor quota in return for a one-time tokatization fee. Ankorus will provide to purchase financial assets currently traded worldwide, such as AMZN, FB, SBUX, BIDU, AAPL, T-Bills and US Bonds, USD, CHF, JPY, SPY, GLD, ZKB Gold, Crude Oil.

TRADING ANCHOR TOKENS

Token holders will be able to trade their Anchor Tokens for other Anchor Tokens on AnchorNet, our planned proprietary Anchor Token exchange platform (see The AnchorNet Trading Platform) and also on any other available cryptocurrency exchanges.

ACCREDITED BEARERS AND BENEFICIARIES OF ANCHOR TOKENS

The owner of Anchor Tokens is referred to by Ankorus as the Accredited Bearer. The Accredited Bearer will be able to redeem Anchor Tokens from Ankorus or trade them on the secondary market, AnchorNet. The Accredited Bearer will be either the initial purchaser of the Anchor Tokens, a beneficiary of the initial purchaser, or a purchaser from the secondary market AnchorNet. The Accredited Bearer will be able to nominate and identify beneficiaries to whom the Anchor Tokens are to be bequeathed. Once the Anchor Tokens have been transferred to the beneficiary, the beneficiary becomes the new Accredited Bearer.

ACCOUNT FUNDING

Customers will pay into their accounts and redeem their holdings in either traditional fiat currency or cryptocurrency. The currency of redemption will be determined by the currency of account funding and must remain the same. Whichever currency is used, both Ankorus and its customers are obliged to adhere to the relevant local regulations regarding financial transactions in that currency. FUND

WITHDRAWALS

The Accredited Bearer of Anchor Tokens may redeem them directly from Ankorus, into their customer account, for the equivalent value of their underlying security. After Anchor Tokens have been redeemed, or if there is a balance of currency in a customer's account, the customer may request for withdrawal of funds from their account.

ADVANTAGES OF ANCHORNET:

- Other exchanges tend to enforce minimum account sizes for traders, creating prohibitive barriers to entry for small investors.
- AnchorNet will stipulate no minimum account size. u Other exchanges tend to have very high commissions.
- AnchorNet will act as a minimal commission securities broker. u Many exchanges around the world have restrictions barring access to non-nationals and/or excessive capital controls (e.g. The Middle East, Taiwan, South Korea, Philippines, Indonesia …)
- AnchorNet will provide tokenised access to many of these exchanges. u Some of the higher priced securities are too expensive for smaller traders.
- AnchorNet will allow for the trading of fractionalised securities. u Currently, there are approximately 100 cryptocurrency exchanges, breeding inefficiency and illiquidity.
- AnchorNet seeks to consolidate cryptocurrency trading and financial market trading in one place. u Current cryptocurrency exchanges and wallets expose users to an excess of vulnerability and default risks.
- AnchorNet’s unique design circumvents such issues. u Current cryptocurrency exchanges suffer from slow transaction times.
- AnchorNet’s unique design circumvents this issue. u Current exchanges often enact withdrawal lock-outs on their clients’ fiat and crypto currencies.
- AnchorNet will ensure quick and easy withdrawal at all times.

TOKEN ALLOCATION

Ankorus will begin accepting contributions on November 25, 2017. Interested parties may contribute cryptocurrencies to Ankorus, which will be the only form of contribution received. The contribution period will last for 30 days, after which the ANK token will be allocated to the contributor. Contributors will be able to see their contribution in their smart wallet. The "hard hat" was set at 150,000 ETH. 100 million ANK (maximum supply) will be made and divided as follows:

50% publicly available.

24% is allocated to the pity of Ankorus.

15% is allocated to founder Ankorus *.

5% is allocated to Ankorus * advisor.

3% is allocated to bounties.

3% is allocated to marketer costs.

ANK allocated to founder and adviser Ankorus (amounting to 20% of total ANK) will be electronically controlled for a period of 12 months. This key will be built into a smart contract and visible on blockchain.

Shortly after the tokens have been shared, ANK will be listed for trading on the main exchange. After a period of about six weeks, Ankorus will include ANK on two more exchanges.

ANK will perform some important functions in the "Ankorus" ecosystem. Customers who want to use the Ankorus platform must have at least five ANK tokens. The ownership of ANK tokens will also be counted against the lucrative commissions when buying the Token Anchors.

THE CORE TEAM

The core team consists of five individuals, from the US, Britain and South Africa, which together also consist of the founders of Ankorus.