The full-chain interoperability protocol Analog raises $16 million in funding, attracting attention with a luxurious investment lineup.

Recently, a full-chain interoperability protocol named Analog has gained widespread attention due to securing $16 million in funding. Several well-known investment firms participated in this round of financing, including some of the industry's renowned venture capital firms and cryptocurrency-related companies.

At the end of 2023, Analog announced the opening of the testnet registration activity on social media and released social tasks on a task platform, which attracted the attention of some new project followers and participants. 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 growth space in 2024.

Experienced crypto industry team

The team members of Analog have extensive experience in the cryptocurrency industry. Founder Victor Young has investment experience in multiple fields such as Web3, shipping, logistics, and payments, and is also involved in technical areas such as cryptography, security, and distributed systems.

Other members of the team also have impressive backgrounds. Business head Eric Wang has worked in several well-known blockchain projects and currently serves as a part-time venture partner at a capital company. Product manager Avneet Singh previously worked as a product manager in a well-known blockchain project, while another product manager, Sanchal Ranjan, was an entrepreneur supported by a well-known venture capital firm.

In addition, some members of the Analog team have previously worked in a well-known blockchain ecosystem development organization, adding valuable industry experience to the team.

Four Core Concepts of Analog

The Analog protocol is built on Proof of Time (PoT) and introduces four core concepts:

1. Timechain: This is a Layer0 network supported by timeproof consensus, designed to provide a unified solution for cross-chain communication.

2. Proof-of-Time: This is a decentralized consensus algorithm that allows any node to participate in the proposal and confirmation of blocks, unrestricted by hardware or capital.

3. Analog Watch: This is a full-stack indexing and querying protocol built on Timechain, designed to address data accessibility issues in Web3.

4. GMP (General Message Passing): This is a composable interoperability platform within the Analog ecosystem that allows smart contracts on different chains to pass arbitrary messages.

These concepts together form the technical foundation of Analog, aiming to provide a secure and efficient cross-chain communication solution.

Token Economy and Potential Airdrop Opportunities

In the token economic plan announced by Analog, airdrops or staking rewards account for a high proportion. The project plans to launch its 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 obtain potential airdrops.

The maximum supply of Analog tokens is approximately 90.58 million, distributed as follows:

• Team and Advisors: Approximately 17.21 million (19%), 4-year vesting period
• Treasury: approximately 13.22 million (14%), online instant unlocking
• 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, with immediate unlocking.
• Public offering: about 1.44 million (1.6%), instant unlock

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