Binance Launchpool Introduces Anchor Protocol (ANC)

Binance is excited to announce the 29th project on Binance Launchpool - Anchor Protocol (ANC), a savings protocol offering low-volatile yields on Terra stablecoin deposits.

Users will be able to stake their BNB, LUNA, and BUSD into separate pools to farm ANC tokens over 30 days, with farming starting from 2022-01-26 00:00 AM (UTC).

ANC Launchpool Details:
  • Token Name: Anchor Protocol (ANC)
  • Total Supply: 1,000,000,000 ANC
  • Circulating Supply: 213,538,202 ANC (21.35% of total supply)
  • Launchpool Supply: 2,000,000 ANC
  • Block Explorer: Terra Blockchain Explorer
  • Staking Terms: No upper limit. KYC required
Supported Pools:
  • Stake BNB: 1,400,000 ANC in rewards (70%)
  • Stake LUNA: 400,000 ANC in rewards (20%)
  • Stake BUSD: 200,000 ANC in rewards (10%)
  • Farming Period: 2022-01-26 00:00 AM (UTC) to 2022-02-24 11:59 PM (UTC).
ANC Farming Distribution
Dates (00:00:00 - 23:59:59 UTC each day)

Please note:
  • Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
  • Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
  • Each pool’s annual percentage yield (APY) and total pool balance will be updated in real-time.
  • Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time but can allocate 50% of their BNB into pool A and 50% into pool B.
  • Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
  • Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
  • BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility, and VIP benefits.

What is Anchor Protocol (ANC)?
Anchor Protocol is a lending and borrowing protocol on the Terra blockchain. ANC is the protocol’s native utility and governance token, which allows users to participate in governance, lend, borrow, and earn interest with their digital assets with an over-collateralized model.

Block Explorer: 👉ANC

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