Analog, a Layer 0 cross-chain communication protocol, invites CoinList community members to participate in its incentivized testnet. The testnet will provide participants with a total of 1,811,594 ANLOG tokens (2% of the total supply).
The testnet is divided into three phases, each lasting about three months. The first phase started on April 16 and focused on the developer community interacting with Timechain; the second phase started on April 30 and was open to the wider community, including social tasks and a game; the third phase will start on May 15 and is dedicated to recruiting validators.
In addition, rewards will be distributed to validators, developers, and community members, with 30% of token rewards going to validators and the remaining 70% going to the community and developers.
Earlier in February, Analog announced that it had completed a $16 million financing round at a valuation of $120 million, led by Tribe Capital, with participation from NGC Ventures, Wintermute, GSR, NEAR, Orange DAO, Mike Novogratz's Samara Asset Group, and Balaji Srinivasan.