The full-chain interoperability protocol Analog raised 16 million USD, with a strong lineup of investors.

Recently, a full-chain interoperability protocol named Analog raised $16 million in funding, attracting widespread attention in the industry. This funding came from several well-known investment institutions, including large venture capital firms, cryptocurrency trading platforms, blockchain projects, and individual investors.

Analog sparked discussions on a small scale at the end of 2023, when the project announced a testnet registration event on social platforms and released social tasks on a task platform, attracting the attention of some industry opinion leaders and participants.

In the current market environment, the full-chain protocol track may receive more attention and development opportunities. This is mainly due to the hype generated by several well-known cross-chain protocol projects' recent token issuance activities.

The Analog team has a strong background

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

Founder Victor Young is a core developer of the Analog protocol and also a partner at an investment fund. According to the project's whitepaper, Young invests in emerging companies across multiple sectors including Web3, shipping, logistics, and payments, and has in-depth research in cryptography, security, and distributed systems.

The business leader of the team, Eric Wang, has held positions in several well-known blockchain projects and is currently a part-time partner at a capital company and an advisor for a certain platform.

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

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

The 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 introduces four core concepts: Timechain, Proof-of-Time, Analog Watch, and GMP.

Timechain is a Layer0 network supported by Proof of Time (PoT) consensus, designed to provide a unified solution for cross-chain communication. It allows platform builders to easily link their sovereignty into other ecosystems while providing dApp developers with a simple API for cross-chain communication and liquidity acquisition.

PoT is a fully decentralized consensus algorithm where any node can participate in proposing and confirming blocks, without hardware or financial constraints. It selects validators through 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 an open-source Watch SDK and hosted services. It addresses the data accessibility issues in Web3 through decentralized and encryption solutions.

Analog GMP is a composable interoperability platform based on Timechain, designed to expand cross-chain dApps within a multi-chain ecosystem. It allows smart contracts on different chains to transmit arbitrary messages, enabling the free flow of cross-chain messages and tokens.

The Token Economics of Analog

The maximum supply of Analog tokens is 90,579,700, allocated 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 ecological funds, staking rewards or airdrops, with instant unlock.
• Public Offering: Approximately 1.44 million (1.6%), instant unlock

Currently, Analog has reopened testnet registration. Users can register via email to gain early access qualifications and complete social tasks on the official website to earn points. The project plans to launch the testnet in the first quarter of 2024, and the mainnet will also be online soon.