Anchor Protocol (ANC)

€ 0,13573

1,43 % € 0,00194

Anchor Protocol Price in Euros

(ANC to EUR)

€ 0,13573

Anchor Protocol Volume

(24h)

€ 22.47 M

Market Cap

(Anchor Protocol)

€47.79 M
BTC

What is Anchor Protocol

Have you ever taken out a loan? Loans are often arranged with the help of an intermediary, such as a central bank. You could also use Anchor Protocol, as this platform was developed to facilitate deposits and loans. However, no humans are needed to handle these types of processes. In fact, everything is handled automatically through smart contracts.

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How does Anchor Protocol work?

People who want to earn interest on their crypto coins can lend these coins to other people. The Anchor Protocol ensures that everything is done securely. When you lend out a certain number of tokens, Anchor Protocol will make sure that you get these tokens back, including an interest. Other people can take out a loan but will have to put up collateral in the protocol.

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How to buy Anchor Protocol?

How to buy ANC? To easily buy ANC, you have already found the right page. Select your desired purchase amount in euros in the buy window. It will automatically show you how many coins you will receive for the amount you selected.

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How to buy Anchor Protocol?

How to buy ANC? To easily buy ANC, you have already found the right page. Select your desired purchase amount in euros in the buy window. It will automatically show you how many coins you will receive for the amount you selected. Hit the ‘buy’ button and confirm your purchase by selecting one of our nine payment methods, among which iDEAL, Bancontact, Giropay and SEPA. For a step by step tutorial, please watch this video: How to buy cryptocurrencies on Coinmerce.

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About Anchor Protocol

Have you ever taken out a loan? Loans are often arranged with the help of an intermediary, such as a central bank. You could also use Anchor Protocol, as this platform was developed to facilitate deposits and loans. However, no humans are needed to handle these types of processes. In fact, everything is handled automatically through smart contracts.

People who want to earn interest on their crypto coins can lend these coins to other people. The Anchor Protocol ensures that everything is done securely. When you lend out a certain number of tokens, Anchor Protocol will make sure that you get these tokens back, including an interest. Other people can take out a loan but will have to put up collateral in the protocol.

Anchor Protocol was conceived and developed by Terraform Labs, the same company behind Terra (LUNA). As such, you can lock in Terra's stablecoins (UST) within Anchor Protocol. This is a cryptocurrency that always has a stable value equal to the US dollar. You can use Anchor Protocol's ANC token for governance, as collateral, as a reward for discontinuing LUNA and receive it when you take out a loan on Anchor Protocol's platform.


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Founder Daniel Shin
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Founder Do Kwon
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Founded 2021
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Industry Lending and borrowing
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Website Website
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Network Terra
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Location South Korea
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Rank 349
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Market Cap 47.79 M
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Trading volume 22.47 M
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Maximum coins 1000 M
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Circulating 350.38 M
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Twitter Twitter
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gitHub gitHub