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

Recently, the full-chain interoperability protocol Analog secured $16 million in funding, attracting widespread attention in the industry. Several well-known investment institutions participated, including some famous cryptocurrency investors and organizations.

At the end of 2023, Analog sparked a wave of attention in the crypto community. The project announced the opening of a testnet registration event and released related tasks on a social platform, attracting the interest of a group of new project commenters and participants.

In the current market environment, with the issuance of tokens and the rising popularity of multiple full-chain protocol projects, the full-chain protocol track is expected to gain more follow and development opportunities in 2024.

Experienced Team Background

Members of the Analog team have extensive experience in the cryptocurrency industry, which is one of the reasons why many investment institutions favor this project.

Founder Victor Young played a key role in leading and developing the Analog protocol. He has investment experience in various fields including Web3, shipping, logistics, and payments, and is involved in technologies such as cryptography, security, and distributed systems. Young also serves as an investor for multiple institutions and has many years of blockchain development experience.

The team's business director Eric Wang has worked on several well-known blockchain projects and is currently a part-time partner at a venture capital firm, providing advisory services for other projects.

Product manager Avneet Singh previously served as a product manager at a well-known oracle project; another product manager Sanchal Ranjan was an entrepreneur supported by a famous startup incubator.

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

Four Core Concepts

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

Timechain is a Layer 0 network supported by PoT consensus, providing a unified solution for seamless cross-chain communication. It allows platform builders to easily link their sovereignty into other ecosystems while providing dApp developers with simple APIs for cross-ecosystem communication and liquidity acquisition.

PoT is a decentralized consensus algorithm where any node can participate in proposing and confirming blocks, regardless of hardware or financial constraints. The selection of validators is based on ranking scores and fixed staking, which is different from traditional PoS mechanisms.

Analog Watch is a full-stack indexing and querying protocol built on Timechain, including the open-source Watch SDK and the hosted service Watch UI. It addresses data accessibility issues in Web3 through decentralized and encryption solutions.

Analog GMP is a composable interoperability platform that supports cross-chain dApp development in a multi-chain ecosystem. It allows smart contracts on different chains to pass arbitrary messages, enabling the free and secure flow of cross-chain messages and tokens.

Potential Token Allocation Opportunities

According to the token economic model released by Analog, a high proportion of the airdrop or staking rewards is allocated. The project plans to launch the testnet in the first quarter of 2024, followed by the mainnet. Currently, participating in the testnet is the main way for users to obtain potential token allocations.

The maximum supply of Analog tokens is 90,579,700, and its distribution is as follows:

• 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 ecosystem funds, staking rewards, or airdrops, instant unlock.
• Public offering: approximately 1.44 million (1.6%), instant unlock

Currently, Analog has reopened the testnet registration window. Users can register for the testnet via email to gain early access. After registration, users can complete social tasks on the official website according to the instructions to earn points.