Verified OGs:
8
CryptoFam:
204
Projects:
25136
BTC:
$117909
0.44%
ETH:
$3139.91
5.76%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap:
$3.80T
Fear&Greed:
70

Anchor Protocol ANC Logo
Anchor Protocol ANC
$0.00295391 0.00%
OG Score 0
Reviews 0
Anchor Protocol ANC Logo Anchor Protocol ANC Price
$0.00295391 0%
Low All Time High
$0.00096729 $8.23
About Anchor Protocol

Anchor Protocol (ANC) is a savings and lending platform on the Terra blockchain. More

OG Score 0
Reviews 0
Market Cap $1.04M
Market Cap Rank # 3818
Token Stats
Fully Diluted Valuation $2.95M
24H Trading Volume $55,610
24H Low / High $0.00 / $ 0.00
Circulating Supply 350.39 M
Total Supply 1.00 B
Max Supply 1.00 B
Info
Categories Decentralized Finance (DeFi) 9 more
Founder Daniel Shin
Website anchorprotocol.com
Socials 2 more
Chains Ethereum Ecosystem 1 more
Explorer Arkhamintelligence 3 more
Contracts Anchor Protocol 0x0f3....9bc20 1 more
ANC/USD Price Chart
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OG Evaluation

OG Score
OG Score Rank #NA
Reviews 0
Gem Score N/A
Innovation 0 .00
Innovation Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is there clear information about the product/service? Is it as good as advertised? How about the growth potential?
Security 0 .00
Security How robust is this network/contract and are there up-to-date technical audit reports? Has the network/contract been halted previously? Have there been any serious hacks or exploits?
Community 0 .00
Community Does the team actively prioritize community input and leverage on-chain voting for decision-making? Is decision-making equitable, or do the whales have undue influence? Are social media and marketing strategies effective and sustainable? Is their social media presence organic, or are manipulated by bots? Do they provide effective user support? Any airdrop for the community?
Tokenomics 0 .00
Tokenomics Does the token have strong and diverse use cases? Are there clear incentives or revenue sharing mechanisms for token holders? Is the token's inflation rate and vesting schedule well-balanced? How much of the supply is controlled by the team or whales? Is the TVL (Total Value Locked) or staked value proportionate to the market cap? Is there adequate liquidity across DEX and CEX pairs?
Team 0 .00
Team Does the team have a clear roadmap and consistently deliver on their promises? Can the team adapt to market changes and meet user demands? Does the project have sustainable and diversified revenue income models to help it support its operations in the long term?
Roadmap 0 .00
Roadmap Does the team have a clear roadmap and consistently deliver on their promises? Can the team adapt to market changes and meet user demands? Does the project have sustainable and diversified revenue income models to help it support its operations in the long term?

OG Reviews

Markets

Name Pair OG Score

About Project

What is Anchor Protocol (ANC)?

Anchor Protocol (ANC) is a platform on the Terra blockchain that lets users earn stable returns on their stablecoin deposits. It uses rewards from staking various cryptocurrencies to offer consistent and low-risk yields.

 

How It Works

Anchor connects two groups: lenders and borrowers. Lenders deposit Terra stablecoins and earn interest, which comes from the rewards of collateralized assets. Borrowers provide Bonded Assets (bAssets) as collateral to borrow stablecoins. The interest paid to lenders comes from the rewards collected on these bAssets.

 

Key Features

Stable Returns: Anchor offers up to 19.5% yield on stablecoin deposits with minimal volatility.

Instant Access: Depositors can withdraw their funds quickly.

Principal Protection: The protocol has safeguards to prevent losses from undercollateralized loans.

Who Can Use It

Anchor is ideal for investors looking for stable returns and low-risk options. Users can either deposit stablecoins to earn interest or use their assets as collateral to borrow additional funds. There is also a higher-risk option to participate in liquidation pools for potential extra returns.

 

Founders and Background

Anchor was created by Terraform Labs in March 2021. The company was founded by Daniel Shin and Do Kwon, who have extensive experience in tech and e-commerce. Terraform Labs has received significant investment from major crypto investors.

 

What Makes It Different

Anchor stands out due to its easy-to-use design and its ability to offer stable, high-yield savings. It provides a stable return on deposits and allows borrowers to access funds without giving up control of their assets.

 

Token and Security

The ANC token is used for governance within the protocol, allowing holders to vote on decisions. There are 1 billion ANC tokens in total, with 222 million currently available. Anchor operates on the Terra blockchain, which is secured by a proof-of-stake system and has passed multiple security audits.

 

Conclusion

Anchor Protocol (ANC) offers a stable and reliable way to earn interest on stablecoin deposits and provides flexible borrowing options. Its design and stability make it a valuable tool for users in the cryptocurrency world.

What is unique about Anchor Protocol (ANC)?

Anchor Protocol offers a unique approach by providing stable, high-yield returns on stablecoin deposits through diversified staking rewards, ensuring low volatility compared to traditional money markets.

Who are the founders of Anchor Protocol (ANC)?

Anchor Protocol was founded by Daniel Shin and Do Kwon through Terraform Labs, with both founders bringing extensive experience from tech and e-commerce sectors.

Who are the backers/investors of Anchor Protocol (ANC)?

Anchor Protocol has received investment from major crypto investors, including Arrington XRP Capital, Pantera Capital, Galaxy Digital, and BlockTower Capital.

Where can I buy Anchor Protocol (ANC)?

 

What are Anchor Protocol (ANC) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Anchor Protocol ANC. To access these ratings, evaluations, and comments, click here.

How to mine Anchor Protocol (ANC)? How can I stake Anchor Protocol (ANC)?

There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.

What is the circulating, max supply and market cap of Anchor Protocol (ANC)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Anchor Protocol (ANC) is ($350,389,360), max supply of Anchor Protocol  ANC is ($1,000,000,000) and the market cap of Anchor Protocol  ANC is ($1,035,019)

What is the Anchor Protocol (ANC) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!

What is the price of Anchor Protocol (ANC)?

The current market price of Anchor Protocol (ANC) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Anchor Protocol (ANC) a good investment?

It is important to do comprehensive research before deciding whether Anchor Protocol (ANC) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Anchor Protocol ANC) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Anchor Protocol (ANC) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Anchor Protocol (ANC) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

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