The full-chain interoperability protocol Analog has raised $16 million in funding, attracting significant attention from the investment community.

Recently, the full-chain interoperability protocol Analog has attracted widespread attention due to securing $16 million in funding. The participating investors include several well-known venture capital firms, blockchain-related companies, and some prominent figures in the industry.

At the end of 2023, Analog announced the opening of testnet registration activities on social media platforms and published related tasks on a certain social task platform, attracting the attention of many blockchain enthusiasts. With the development and increasing popularity of other full-chain protocols in the market, the full-chain protocol track is expected to gain more attention and development opportunities in 2024.

Experienced Team Background

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

Other members of the team have also held important positions in well-known blockchain projects. For example, the business leader previously worked at a well-known blockchain lab and ecosystem development organization, and is currently a part-time partner at a certain capital company. One of the product managers previously served as a product manager at a well-known oracle project, while another is an entrepreneur supported by a renowned venture capital institution.

In addition, some team members also have experience working in a well-known public chain ecological development organization.

The Four Core Concepts of Analog

Analog is a full-chain interoperability protocol based on Proof of Time (PoT), built on Timechain, and utilizes Zero-Knowledge Proofs (ZKP) to enhance security. The protocol proposes four core concepts: Timechain, Proof-of-Time, Analog Watch, and GMP.

1. Timechain: A Layer 0 network supported by PoT consensus, providing a unified solution for cross-chain communication.

2. PoT (Proof-of-Time): A decentralized consensus algorithm that selects validators based on ranking scores and fixed staking.

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

4. Analog GMP: A composable interoperability platform that supports cross-chain application development and messaging.

Token Economics and Potential Airdrops

In the tokenomics design of Analog, a high proportion is allocated to airdrops or staking rewards. The project plans to launch its testnet in the first quarter of 2024, followed by the mainnet. Currently, participating in the testnet is the primary way for users to potentially receive airdrops.

The maximum supply of Analog tokens 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%, including ecological funds, staking rewards or airdrops, instant unlock.
• Public offering: 1.6%, instant unlock

Currently, Analog has reopened registration for the testnet. Users can register via email to gain early access and complete the social tasks provided on the official website to earn points.