The ANT token is a utility token designed to be used as governance for the Decentralized Autonomous Organization (DAO) The Anthill, as a medium of exchange between, to pay rewards and for purchasing products and services.
In addition, ANT holders have voting rights and the ability to create proposals to improve the protocol.
Although many wide variety of stablecoin mechanisms exist, The Anthill Protocol specifically uses an “algorithmic central bank” approach to manage the supply of tokens according to a predetermined logic. The algorithm is in charge of balancing stablecoin supply to a fluctuating demand, ensuring that the token price remains relatively stable. Further details are available under the Mechanisms section.