Anchor Protocol (ANC)
| Market Cap | $12,688,880 |
|---|---|
| Trading Volume | $4,210,638 |
| Volume / Market Cap | 0.3318 |
| Total Supply | 1,000,000,000 ANC |
| Max Supply | 1,000,000,000 ANC |
Anchor Protocol is currently trading at $0.0359, after a price change of 2.15% in the last 24 hours.
Ranked as cryptocurrency #662 by capitalization today, ANC market cap is valued at $12,688,880. ANC trading volume reached $4,210,638 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on ANC coin price prediction page.
What is Anchor Protocol?
Anchor is a savings platform that is built on Terra blockchain to offer yields backed by blockchain rewards from major proof-of-stake networks. Anchor benefits from Terra’s proof-of-stake algorithm based on the Tendermint consensus and the Cosmos SDK.
Anchor’s offering is a principal-protected stablecoin savings product that assures users a constant interest rate. The deposit interest rate is stabilized with the blockchain rewards that accrue to assets used in borrowing stablecoins. Anchor supports Terra deposits and enables users to make instant withdrawals. A user can borrow stablecoins in Anchor by locking up bonded assets as a security.
ANC is the primary token powering Anchor Protocol. There are 260,972,551.05 circulating ANC tokens from a total supply of a billion and a matching hard cap. The token facilitates governance which occurs on-chain. Users wishing to vote on proposals must stake ANC tokens to form new governance polls and ascertain the community’s take on proposals. ANC is compatible with various ecosystems, including BNB Chain, Ethereum, and Terra.
Anchor protocol was launched in 2020 by Do Kwon’s Terraform Labs.