Anchor protocol is based on terra money, a stable currency project. It is a new type of savings agreement. It aims to balance interest rates by coordinating block awards from blockchains with different POS consensus, and finally realize the storage interest rate with 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 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 pledgers. This will increase the buying pressure of ANC tokens.

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