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

Recently, the full-chain interoperability protocol Analog has raised $16 million in funding, attracting widespread follow from the industry. The investment was participated by several well-known venture capital firms, blockchain-related companies, and important figures in the industry.

By the end of 2023, Analog had caused a certain reaction in the crypto circle. The project announced a testnet registration event on social media platforms and published related tasks on a certain social task platform, attracting the attention of some new project KOLs and community members.

In the current market environment, the full chain protocol track is receiving increasing attention. With the token issuance of some well-known full chain protocol projects and the rise in related popularity, it is expected that this field will gain more attention and development opportunities in 2024.

Experienced Team Background

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

Founder Victor Young is the core leader and developer of the Analog protocol. According to the white paper, Young has investment experience in multiple fields including Web3, shipping, logistics, payments, markets, as well as mobile and connected devices. He is also involved in technical fields such as cryptography, security, distributed systems, full-chain frameworks, and privacy, and has many years of blockchain development experience.

Business Director Eric Wang has held positions in several well-known blockchain projects, and currently serves as a part-time risk partner at a certain capital and provides advisory services for a certain balancing protocol.

Product manager Avneet Singh previously served as a product manager for 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 experience working in a well-known public chain ecosystem development organization.

Four Core Concepts

Analog is a full-chain interoperability protocol based on Proof of Time (PoT), built on Timechain, and employs zero-knowledge proof (ZKP) to enhance security. The Analog 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 users and developers to extract maximum value from all connected blockchain ecosystems.

PoT is a fully decentralized consensus algorithm where any node can participate in proposing/confirming blocks, without hardware or funding restrictions. It selects validators through ranking scores and fixed staking, which is different from traditional PoS mechanisms.

Analog Watch is a full-stack indexing and query 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 encrypted methods.

Analog GMP is a composable interoperability platform within the Analog ecosystem that allows smart contracts on different chains to transmit arbitrary messages, achieving cross-chain messaging or token transfers. It circumvents the inherent risks of cross-chain interoperability, with security derived from Timechain's permissionless nominated proof-of-stake (NPoS) mechanism.

Potential Token Allocation Opportunities

According to the token economic model released by Analog, community allocation (including ecological funds, staking rewards, or airdrops) accounts for a high proportion, approximately 38%. The project plans to launch the testnet in the first quarter of 2024, and the mainnet will also be online soon. Currently, participating in the testnet is one of the main ways for users to obtain potential token allocations.

The maximum supply of Analog tokens is 90,579,700, among 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%), instantly unlocked
• Public Offering: About 1.44 million (1.6%), instantly unlocked

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