Full-chain Interoperability Protocol Analog: Raised $16 million, a highly followed emerging project

Recently, the full-chain interoperability protocol Analog has attracted widespread attention due to securing $16 million in funding. Several well-known investment institutions participated in this round of financing, including Tribe Capital, NGC Ventures, Wintermute, GSR, and others.

At the end of 2023, Analog announced the open testnet registration activity on social media platforms and released related tasks on a certain social task platform, attracting the attention of many new project followers and potential users. In the current market environment, the full-chain protocol track is expected to gain more attention and development opportunities in 2024.

Experienced Team Background

The team members of Analog have extensive experience in the crypto industry. Founder Victor Young not only leads the development of the Analog protocol but is also a general partner at an investment fund. He has rich investment experience in several fields, including Web3, shipping, logistics, and payments, with a particular focus on cryptography, security, and distributed systems.

Business leader Eric Wang has worked in several well-known blockchain projects and currently serves as a part-time risk partner at a capital company. Product manager Avneet Singh has experience working on a well-known oracle project, while another product manager, Sanchal Ranjan, is an entrepreneur supported by a famous venture capital firm.

In addition, some team members of Analog previously worked in the development organization of a well-known public blockchain ecosystem.

Four Core Technical Concepts

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

1. Timechain: A Layer 0 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 proposing and confirming blocks without hardware or financial limitations.

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

4. GMP (General Message Passing): Allows smart contracts on different chains to transmit any messages on the platform, achieving cross-chain interoperability.

Token Economics and Potential Airdrop Opportunities

The maximum supply of Analog tokens is 90,579,700, of which:

• Team and Advisors: Approximately 17.21 million (19%), 4-year vesting period
• Treasury: approximately 13.22 million (14%), instant unlock upon launch
• Private placement: approximately 24.27 million (26%), 2-year vesting period
• Community Allocation: Approximately 34.42 million (38%), including ecological funds, staking rewards, or airdrops, instantly unlocked.
• Public offering: approximately 1.44 million (1.6%), instantly unlocked

The Analog project plans to launch its testnet in the first quarter of 2024, with the mainnet following soon after. Currently, users can register for the testnet via email to gain early access and complete social tasks on the official website to earn points. These activities may be related to future token distribution, providing users with potential participation opportunities.