Anchor Protocol (ANC) Achieves Market Cap of $40.67 Million

Anchor Protocol (ANC) traded up 1.2% against the dollar during the twenty-four hour period ending at 9:00 AM E.T. on August 6th. During the last week, Anchor Protocol has traded down 1.5% against the dollar. One Anchor Protocol coin can now be bought for $0.12 or 0.00000500 BTC on cryptocurrency exchanges. Anchor Protocol has a market cap of $40.67 million and approximately $13.92 million worth of Anchor Protocol was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Gold Secured Currency (GSX) traded up 8.1% against the dollar and now trades at $0.0215 or 0.00000093 BTC.
• CoinField Coin (CFC) traded up 2.1% against the dollar and now trades at $0.40 or 0.00001280 BTC.
• holoride (RIDE) traded up 4.3% against the dollar and now trades at $0.22 or 0.00000938 BTC.
• Volt Inu V2 (VOLT) traded down 2.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Kleros (PNK) traded up 1.3% against the dollar and now trades at $0.0345 or 0.00000149 BTC.
• Validity (VAL) traded up 10% against the dollar and now trades at $2.14 or 0.00009224 BTC.
• Global Coin Research (GCR) traded flat against the dollar and now trades at $2.22 or 0.00007442 BTC.
• MAPS (MAPS) traded up 0.5% against the dollar and now trades at $0.19 or 0.00000830 BTC.
• EgoPlatform (EGO) traded 3.6% lower against the dollar and now trades at $0.17 or 0.00000730 BTC.
• Particl (PART) traded 6.5% lower against the dollar and now trades at $0.35 or 0.00001529 BTC.

About Anchor Protocol

Anchor Protocol (CRYPTO:ANC) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Anchor Protocol’s total supply is 1,000,000,000 coins and its circulating supply is 350,381,852 coins. Anchor Protocol’s official Twitter account is @anchor_protocol.

According to CryptoCompare, “The Anchor Token (ANC) is Anchor Protocol's governance token. ANC tokens can be deposited to create new governance polls, which can be voted on by users that have staked ANC. ANC is designed to capture a portion of Anchor's yield, allowing its value to scale linearly with Anchor's assets under management (AUM). Anchor distributes protocol fees to ANC stakers pro-rata to their stake, benefitting stakers as adoption of Anchor increases — stakers of ANC are incentivized to propose, discuss, and vote for proposals that further merit the protocol. ANC is also used as incentives to bootstrap borrow demand and initial deposit rate stability. The protocol distributes ANC tokens every block to stablecoin borrowers, proportional to the amount borrowed. “

Buying and Selling Anchor Protocol

It is usually not possible to buy alternative cryptocurrencies such as Anchor Protocol directly using US dollars. Investors seeking to trade Anchor Protocol should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Anchor Protocol using one of the exchanges listed above.