Announcing the Analog Incentivized Testnet on CoinList
Analog is a pioneering Layer 0 cross-chain communication protocol engineered to facilitate seamless interoperability across diverse blockchains. With the advent of multiple Layer 1 and Layer 2 platforms, the demand for composability between these systems is set to escalate.
Today, we’re excited to announce the Analog Testnet. In an effort to stress test the network’s reliability, operations, and performance prior to mainnet launch, Analog is offering 1,811,594 ANLOG tokens (2% of the total supply) to qualifying participants for their contributions. Complete quests, earn ANLOG!
Rewards:
A total reward pool of up to 1,811,594 ANLOG tokens, representing 2.0% of the total token supply, has been allocated for Analog’s Incentivized testnet participants. Analog reserves the right to increase the allocation at a later stage.
Rewards will be allocated across validators, developers, and the community:
- 30% will be allocated to validators
- 70% will be allocated to community/dApp users and developers
- Specific reward amounts are based on activities and calculations done will be communicated at the end of Phase 3 of the Incentivized Testnet which can be found on the testnet leaderboard here.
- It is possible for participants to be eligible for more than one reward pool if they satisfy the requirements. Scores are not final, the Analog Team may introduce additional requirements to deter sybil attacks and incentivize the Analog ecosystem. Near the end of Phase I, the Analog team will release the minimum ATP points needed to be eligible on their website, blog, and Twitter.
Eligibility:
Please note that certain jurisdictional limitations apply (i.e. participants must be non-U.S./Canada and OFAC compliant), as outlined here.
Timeline:
About Analog:
Analog is a pioneering Layer 0 cross-chain communication protocol engineered to facilitate seamless interoperability across diverse blockchains. With the advent of multiple Layer 1 and Layer 2 platforms, the demand for composability between these systems is set to escalate. This encompasses not only the tokens issued across these projects but also dApps that possess cross-chain functionalities or that can be enhanced by leveraging dApps from other chains. Analog’s products are uniquely designed to address these interoperability challenges:
Timechain: Timechain serves as a state replication machine (SMR), preserving validated data from various interconnected chains. It provides a straightforward interface for developers and users to access data from any linked blockchain, enabling interoperability and streamlining cross-chain communication.
GMP Protocol: The Generic Message Passing (GMP) protocol lies at the heart of the Analog Network's interoperability capabilities. It empowers developers to create cross-chain applications that maintain coherent application logic, shared states, and efficient liquidity usage. The GMP protocol ensures a seamless user experience across disparate blockchain ecosystems, simplifying interactions and transactions.
Analog Watch: Also known as the Query Marketplace, Analog Watch is a developer-centric product powered by the Timegraph SDK. It offers users and dApps an intuitive interface to query any desired data from smart contracts on connected chains. Analog Watch functions as a marketplace for on-chain data feeds, allowing users to specify their data requirements and access the information with ease.
In summary, the GMP protocol and the architecture of the Analog Network are instrumental in delivering a one-click user experience within a multi-chain ecosystem, enabling seamless asset transfers, coherent application logic, and enhanced liquidity efficiency across various chains.
Join the Analog community:
- Website: https://www.analog.one/
- Docs: https://docs.analog.one/documentation
- Twitter: https://twitter.com/OneAnalog
- Discord: https://discord.com/invite/analog
- Telegram: https://t.me/analogtimer
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