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Anchor Protocol ANC

Anchor Protocol Price (ANC)
$0.0187
10.36% Buy ANC Now

0.00000598 ETH

0.000000291 BTC

Buy ANC Now
Low: $0.0157
High: $0.0222
24h
Market Cap
$6,541,064
10.36%
Fully Diluted Market Cap
$18,668,387
10.36%
Volume
24h
$132,990
3.09%
Volume / Market Cap
0.0203
Circulating Supply
350,381,852 ANC
35.04%
Max Supply
1,000,000,000
Total Supply
1,000,000,000

Anchor Protocol (ANC) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.21%

Joined at Jul 04, 2020

Following

80

0.00%

Tweet count

1,473

0.00%

Anchor Protocol reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Anchor Protocol (ANC) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Anchor Protocol telegram
Telegram Stats
Visit Telegram

Members

0.35%

Title

Anchor Protocol

Anchor Protocol traffic
Website Traffic
Visit Website

Website Rating (DR)

63 / 100

1.56%

Ahrefs Rank

213,988

3.67%

Organic Traffic (mo.)

99

81.21%

Anchor Protocol github
GitHub Organization
Visit GitHub

Public repos

Created at Jul 04, 2020

Type

Organization

Anchor Protocol github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Anchor Protocol (ANC) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 236,276

Members: 10,058


Live ANC Price Analysis

The current real time Anchor Protocol price is $0.0187, and its trading volume is $132,990 in the last 24 hours. ANC price has grew by 10.36% in the last day, and increased by 29.45% in the last 7 days. It’s important to note that current Anchor Protocol market capitalization is $6,541,064, and the maximum supply is 1,000,000,000 ANC coins. Talking about circulating supply, ANC has 350,381,852 coins. Currently, Anchor Protocol rank on the market is #1023.

Anchor Protocol price today is 99.78% below all time high, and it is 258.09% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling ANC are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Anchor Protocol (ANC)?

ANC is the native token of the Anchor Protocol, which is a stablecoin-based lending protocol. It allows lenders to store their stablecoins and earn interest while borrowers take out uncollateralized loans. To be more precise, the protocol was made specifically for lending Terra USD (UST) tokens.

Make sure to check out the Anchor Protocol price chart above if you want to find out the current (or the previous) ANC price.

The protocol's key advantage is that it connects lenders and borrowers by offering lenders a competitive interest rate and a means for borrowers to borrow stablecoins without risking their initial investments.

So, how exactly does it work? The Anchor Protocol is dependent on three main components – bAssets, money market, and loan liquidation.

A bAsset (bonded asset) is a token that symbolizes ownership of a staked asset. Borrowers must use bAssets if they want to take out a loan. Initially, the Anchor Protocol only allowed a bonded version of LUNA (Terra’s native token). However, as of writing this, Anchor also supports bETH, bSOL, bATOM, and wasAVAX tokens.

The money market is where lenders deposit their UST holdings which are then pooled and lent to borrowers. In order to secure the loan, borrowers have to deposit bAssets as collateral. Lenders receive an interest rate for depositing their assets.

Loan liquidation is the process of safeguarding lenders. Essentially, there are liquidators who monitor the loans and liquidate them once they see that there might be a default. Defaults happen when borrowers fail to cover their loans in time.

The Founders of the Anchor Protocol

Terraform Labs is the company behind the Anchor Protocol. The protocol was founded in 2021. Daniel Shin and Do Kwon are the founders of Terraform Labs.

Daniel Shin has a degree in economics. Prior to founding Terraform Labs, he worked as a business analyst at McKinsey & Company. Besides that, he also co-founded such companies as Fast Track Asia, TMON, and Chai Corporation.

Do Kwon has a degree in computer science. Apart from co-founding Terraform Labs, he also founded Anyfi which builds P2P connectivity solutions using mesh networks.

The Purpose of ANC Tokens

The Anchor Protocol coins come in two forms – ERC-20 tokens on Ethereum and CW-20 tokens on Terra. The main use of ANC tokens is governance. Users can deposit ANC tokens into governance pools this way getting voting rights.

Moreover, ANC tokens can be staked in order to get staking rewards. Depending on the amount of their staked tokens, ANC holders get a portion of the protocol’s fees.

Besides that, ANC tokens are also used as rewards. The protocol rewards Anchor borrowers depending on the size of loans they take out.

FYI, don't forget to check out the ANC price chart to see how much the token is worth.

Tokenomics of ANC

The max supply of ANC tokens is 1 billion. 40% of the total supply is dedicated to rewarding borrowers. 30% is split between LUNA staking rewards, community fund, ANC liquidity, and airdrops. The remaining portion is dedicated to investors and the Anchor team. 

Besides, it should be noted that the revenue generated from interest rates by the Anchor Protocol is used by Terra to pay staking rewards.

Lastly, it's important to understand how the ANC price changes, especially if you're planning to invest in the token. You can see how and when it tends to change on the Anchor Protol price chart placed above.

What's Anchor Protocol trading volume in the last 24 hours?

ANC has a trading volume of $132,990 in the last 24 hours.

What's Anchor Protocol highest price ever?

ANC has a highest price of $8.31, which was reached on Mar 19, 2021 (3 years 1 month ago).

What's Anchor Protocol lowest price ever?

ANC has a lowest price of $0.0052, which was reached on Jun 20, 2023 (10 months 22 hours ago).

What are the best exchanges for buying and selling ANC?

Currently, the most active and dominating exchanges for buying and selling Anchor Protocol are Binance, Kraken & Kucoin. The most popular Anchor Protocol trading pairs are ANC/USDT (on Gate.io ), ANC/ETH (on Gate.io ), ANC/USDT (on XT.COM ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping ANC?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Anchor Protocol. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Anchor Protocol project's Circulating Supply has been verified and is equal to:

Circulating Supply

350,381,852 ANC

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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