The full-chain interoperability protocol Analog secures $16 million in funding, with a strong lineup of investors.

Recently, the full-chain interoperability protocol Analog announced the completion of a $16 million financing round, attracting industry attention. Several well-known institutions participated in this round of investment, including some top venture capital firms, cryptocurrency exchanges, and blockchain project parties.

At the end of 2023, Analog announced a testnet registration activity on social media platforms and launched social tasks on a certain task platform, attracting the attention of many new project followers and participants. In the current market environment, the full-chain protocol track is expected to gain more attention and growth opportunities.

Experienced Founding Team

The Analog team members have extensive experience in the cryptocurrency industry. Founder Victor Young is responsible for leading and developing the Analog protocol, and is also a general partner at an investment fund. Young invests in startups across various fields such as Web3, shipping, logistics, and payments, focusing on cryptography, security, distributed systems, and other technical areas.

Business leader Eric Wang has served in several well-known blockchain projects and currently holds a part-time role as a risk partner at a capital company. Product manager Avneet Singh previously worked as a product manager for a well-known oracle project, while another product manager, Sanchal Ranjan, was an entrepreneur supported by a famous venture capital institution.

Some team members also have work experience in well-known blockchain project development organizations, bringing rich industry resources and technical accumulation to Analog.

Four Core Concepts of Analog

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

1. Timechain: A Layer 0 network supported by PoT consensus, providing a unified solution for cross-chain communication.

2. Proof-of-Time (PoT): A decentralized consensus algorithm that allows any node to participate in block proposal and confirmation.

3. Analog Watch: A full-stack indexing and querying protocol built on Timechain, addressing data accessibility issues in Web3.

4. Analog GMP: A composable interoperability platform that supports cross-chain dApp development and arbitrary messaging.

These concepts together form the technological foundation of Analog, aimed at achieving efficient and secure cross-chain interoperability.

Tokenomics and Potential Airdrop Opportunities

The total supply of Analog tokens is 90,579,700, of which 38% is allocated to the community, approximately 34,420,000 tokens. This portion includes ecosystem funds, staking rewards, and potential airdrops. The team and advisors hold 19% of the tokens, private placement accounts for 26%, the treasury retains 14%, and public offerings account for 1.6%.

Currently, Analog has opened registration for the testnet, allowing users to register via email to gain early access. Completing the social tasks provided on the official website can earn points, which may be related to future token distribution.

With the upcoming launch of the testnet and mainnet, the development of the Analog project is worth continuous attention. Its strong investment background, experienced team, and innovative technical solutions make it stand out in the highly competitive full-chain interoperability track.