The Full-Chain Interoperability Protocol Analog Secures $16 Million in Funding, with a Strong Team Background

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

At the end of 2023, Analog sparked a small-scale discussion in the crypto community. The project announced the opening of testnet registration activities on social platforms and released social tasks on a task platform, attracting the attention of some opinion leaders and participants from new projects.

In the current market environment, with the issuance of tokens from multiple full-chain protocols and the rising related enthusiasm, the full-chain protocol track is expected to gain more attention and development opportunities in 2024.

The Analog team members have extensive experience in the crypto industry. Founder Victor Young has investment experience in multiple fields including Web3, shipping, logistics, and payments. Other team members have held key positions in well-known blockchain projects such as Injective Labs, Polkadot ecosystem, Chainlink, and also have experience with some venture capital and incubators.

Analog has proposed four core concepts: Timechain, Proof-of-Time, Analog Watch, and GMP. Timechain is a Layer0 network based on the time-proof ( PoT ) consensus, aimed at providing a unified solution for cross-chain communication. PoT is a decentralized consensus algorithm that allows any node to participate in proposing and confirming blocks. Analog Watch is a full-stack indexing and querying protocol designed to address data accessibility issues in Web3. Analog GMP is a composable interoperability platform that supports the development of cross-chain applications.

According to the token economic model announced by Analog, a high proportion of airdrop or staking rewards is allocated. The project plans to launch the testnet in the first quarter of 2024, and the mainnet will also be launched soon. Currently, participating in the testnet is the main way for users to possibly receive airdrops.

The maximum supply of Analog tokens is 90,579,700, of which 38% is allocated for community distribution, including ecosystem funds, staking rewards, or airdrops. The team and advisor share accounts for 19%, with a 4-year vesting period. Private sale accounts for 26%, with a 2-year vesting period. The treasury and public sale portions account for 14% and 1.6% respectively, and are unlocked immediately after listing.

Currently, Analog has reopened registration for the testnet. Users can register via email to obtain early access qualifications and earn points by completing social tasks on the official website.