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  1. Bitcompare
  3. Anchor Protocol (ANC)
Anchor Protocol logo

Anchor Protocol

ANC • Cryptocurrency

coins.hub.hero.metrics.price
R 0,03
↑ 0.00%
coins.hub.hero.metrics.market_cap
1,23M
coins.hub.hero.metrics.volume
0,58
coins.hub.hero.metrics.supply
350,39M
ANC
R
1 ANC =R 0,03
Updated 15 December 2025
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Best Anchor Protocol (ANC) Prices in South Africa

PlatformMintCost
BinanceAnchor Protocol (ANC)0,03
Gate.ioAnchor Protocol (ANC)0,000554
MEXC GlobalAnchor Protocol (ANC)0

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Price of Anchor Protocol (ANC) Today in South Africa

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Anchor Protocol Buying Guide for South Africa

How to purchase Anchor Protocol
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About Anchor Protocol (ANC)

Anchor Protocol (ANC) operates within a decentralized finance (DeFi) framework, primarily designed to provide stable yields on deposits through a unique mechanism that leverages staking and borrowing. While specific details regarding its consensus mechanism and network architecture are not publicly disclosed, Anchor Protocol is built on the Terra blockchain, which employs a proof-of-stake consensus model to secure its network. This architecture facilitates efficient transaction processing and scalability, enabling users to earn yields on their deposits while maintaining a stable value. The protocol's innovative approach to yield generation aims to create a reliable and user-friendly experience for participants in the DeFi space.
Anchor Protocol (ANC) primarily serves as a platform for users to earn stable yields on their cryptocurrency deposits, making it particularly attractive for those seeking to generate passive income in the DeFi space. One of its key use cases is allowing users to deposit stablecoins, such as TerraUSD (UST), to earn interest, which is facilitated through a combination of staking and lending mechanisms. Additionally, Anchor Protocol supports borrowing against collateralised assets, enabling users to access liquidity without needing to liquidate their holdings. This functionality is beneficial for users looking to leverage their crypto assets for various purposes, such as funding new investments or covering expenses, while still maintaining exposure to their original assets.
The tokenomics of Anchor Protocol (ANC) centres on its utility as a governance and staking token within the ecosystem. The distribution model is designed to incentivise early adopters and participants, with a portion of the total supply allocated for community rewards, staking, and liquidity incentives. ANC tokens are used for governance decisions, allowing holders to vote on protocol upgrades and changes, thereby fostering a decentralised decision-making process. The supply mechanisms include minting new tokens as rewards for users who provide liquidity and stake their assets, while the overall supply is managed to maintain a balance between incentivising participation and controlling inflation. This dynamic helps sustain the protocol's long-term viability and encourages active engagement from the community.
Anchor Protocol (ANC) benefits from the robust security features inherent to the Terra blockchain, which employs a proof-of-stake consensus mechanism. In this validation process, validators are selected based on the amount of stake they hold, ensuring that those with a vested interest in the network's success are responsible for confirming transactions and maintaining the integrity of the blockchain. This system mitigates the risk of malicious attacks, as validators are incentivised to act honestly to protect their staked assets. Additionally, the protocol incorporates various security measures, such as regular audits and monitoring of smart contracts, to identify vulnerabilities and ensure the safe handling of user funds. These combined efforts contribute to a secure environment for users engaging with the Anchor Protocol.
Anchor Protocol has outlined a development roadmap focused on enhancing its core functionalities and expanding its user base within the DeFi ecosystem. Major milestones achieved include the successful launch of the protocol, which introduced stable yield generation for deposits, and the implementation of governance features that allow ANC token holders to participate in decision-making processes. Additionally, the protocol has integrated various liquidity and staking incentives to attract users and bolster participation. Future developments aim to enhance interoperability with other blockchain networks and improve user experience through advanced features, positioning Anchor Protocol as a leading platform in the decentralised finance space.