Anchor Protocol (ANC) Price

Anchor protocol was created based on the stable currency project Terra money. It is a new type of savings agreement. It aims to balance interest rates by coordinating block awards from multiple blockchains with different POS consensus, and finally achieve the storage interest rate of stable yield. ANC tokens are mainly used for two purposes in the anchor ecosystem: Governance: ANC pledgers can use token voting to change relevant parameters in the system (including anchor interest rate), and can control the community fund pool (accounting for 27.8% of the total supply of ANC). Obtain repurchase proceeds: part of the proceeds from the pledge of anchor platform will be used to purchase ANC tokens on terraswap, and then distributed to ANC Pledgors. This will increase the buying pressure of ANC tokens. Related links: https://www.chainnews.com/articles/455046196332.htm