The full-chain interoperability protocol Analog has raised $16 million in funding, attracting industry attention.

Recently, the full-chain interoperability protocol Analog has garnered widespread attention due to securing $16 million in funding. Numerous well-known investment institutions participated in this round of financing, including some heavyweight players in the industry.

At the end of 2023, Analog announced the opening of testnet registration activities on social media and published relevant tasks on a certain social platform, attracting the attention of a group of new project followers and enthusiastic participants.

In the current market environment, the full-chain protocol track is expected to gain more follow and development space, a trend partially driven by the recent activities of other full-chain protocols.

Strong Team Background

The Analog team members have extensive experience in the cryptocurrency industry, with many having held positions in well-known projects.

Founder Victor Young has investment experience in multiple fields including Web3, shipping, logistics, and payments. He is also involved in technical areas such as cryptography, security, and distributed systems, and serves as an investor for several institutions.

Business leader Eric Wang has worked on several well-known blockchain projects and is currently a part-time risk partner at a capital company, as well as providing consulting services for a certain balancing protocol.

Product manager Avneet Singh previously served as a product manager at a well-known oracle project; another product manager, Sanchal Ranjan, received support from a famous venture capital institution.

Some team members also have work experience in a well-known public chain ecosystem development organization.

Core Technical Concepts

Analog has proposed four core concepts: Timechain, Proof-of-Time, Analog Watch, and GMP.

Timechain is a Layer 0 network based on Proof of Time (PoT) consensus, designed to provide a unified solution for cross-chain communication. It allows platform builders to easily connect their sovereign chains, while developers can achieve cross-ecosystem communication and liquidity acquisition with a simple API.

PoT is a decentralized consensus algorithm where any node can participate in proposing and confirming blocks. It selects validators through ranking scores and fixed staking, which is different from traditional PoS mechanisms that require a large amount of staking.

Analog Watch is a full-stack indexing and querying protocol built on Timechain, addressing Web3 data accessibility issues through decentralized and encryption solutions. It includes open-source SDKs and hosting services for indexing smart contract data.

Analog GMP is a composable interoperability platform that supports cross-chain smart contract communication and arbitrary messaging. It is built on Timechain, with security derived from a permissionless Nominated Proof of Stake (NPoS).

Token Economics and Potential Airdrop

The maximum supply of Analog's tokens is 90,579,700, of which 38% is allocated to the community, including ecological funds, staking rewards, or potential airdrops.

The team and advisors allocate 19% with a 4-year vesting period; the treasury 14%, unlocked upon launch; private placement 26%, with a 2-year vesting period; public offering 1.6%, instantly unlocked.

Currently, Analog has opened a new round of testnet registration. Users can register via email to obtain early access qualifications and complete official website social tasks to earn points.

The Analog project plans to launch its testnet in the first quarter of 2024, with the mainnet to follow shortly after. Participating in the testnet could be one of the main ways for users to receive potential airdrops.