Full Chain Interoperability Protocol Analog: A Rising Star Project with $16 Million in Funding

Recently, the full-chain interoperability protocol Analog has attracted industry attention due to the disclosure of $16 million in financing. Investors include several well-known institutions and individual investors, such as Tribe Capital, NGC Ventures, Wintermute, and others.

At the end of 2023, Analog announced the launch of a testnet registration event on social media and released social tasks on some platforms, attracting interest from new project followers and participants. In the current market environment, the full-chain protocol track is expected to gain more attention and development opportunities.

Experienced Team Background

The Analog team members have extensive experience in the cryptocurrency industry. Founder Victor Young has investment experience in multiple fields such as Web3, shipping, logistics, and payments, and focuses on technologies such as cryptography, security, and distributed systems.

Business leader Eric Wang has held positions in several well-known blockchain projects and is currently a part-time risk partner at a capital company. Product managers Avneet Singh and Sanchal Ranjan have work experience in an Oracle project and a well-known venture capital firm, respectively. Some team members have also worked in the development organization of a well-known public chain ecosystem.

The Core Concept of Analog

Analog is built on Proof of Time (PoT) and is a full-chain interoperability protocol. It presents four core concepts:

1. Timechain: A Layer0 network supported by PoT consensus, providing a unified solution for cross-chain communication.

2. Proof-of-Time (PoT): A decentralized consensus algorithm that allows any node to participate in block proposal and confirmation.

3. Analog Watch: A full-stack indexing and query protocol built on Timechain, addressing the accessibility issues of Web3 data.

4. GMP: A composable interoperability platform that supports cross-chain messaging and token transfer.

These concepts aim to achieve seamless cross-chain communication, enhance security, and provide developers with a convenient cross-chain application development environment.

Token Economics and Potential Opportunities

The Analog project plans to launch its testnet in the first quarter of 2024, with the mainnet following shortly after. Its token economic model shows a high proportion of community allocation, including ecosystem funds, staking rewards, or airdrops, accounting for approximately 38% of the total supply.

The maximum supply of the token is 90,579,700, distributed as follows:

• Team and Advisors: 19%, 4-year vesting period
• Treasury: 14%, instant unlock upon launch
• Private placement: 26%, 2-year vesting period
• Community Allocation: 38%, Instant Unlock
• Public Sale: 1.6%, Instant Unlock

Currently, Analog has reopened registration for the testnet. Users can register via email to gain early access and complete social tasks on the official website to earn points. This provides potential participants with a chance to qualify for future airdrops.