The three Antarctic Survey Telescopes (AST3) aim to carry out time domain imaging survey at Dome A, Antarctica. The first of the three telescopes (AST3-1) was successfully deployed on January 2012. AST3-1 is a 500,mm aperture modified Schmidt telescope with a 680,mm diameter primary mirror. AST3-1 is equipped with a SDSS $i$ filter and a 10k $times$ 10k frame transfer CCD camera, reduced to 5k $times$ 10k by electronic shuttering, resulting in a 4.3 deg$^2$ field-of-view. To verify the capability of AST3-1 for a variety of science goals, extensive commissioning was carried out between March and May 2012. The commissioning included a survey covering 2000 deg$^2$ as well as the entire Large and Small Magellanic Clouds. Frequent repeated images were made of the center of the Large Magellanic Cloud, a selected exoplanet transit field, and fields including some Wolf-Rayet stars. Here we present the data reduction and photometric measurements of the point sources observed by AST3-1. We have achieved a survey depth of 19.3,mag in 60 s exposures with 5,mmag precision in the light curves of bright stars. The facility achieves sub-mmag photometric precision under stable survey conditions, approaching its photon noise limit. These results demonstrate that AST3-1 at Dome A is extraordinarily competitive in time-domain astronomy, including both quick searches for faint transients and the detection of tiny transit signals.
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