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Analog Partners with CoinList to Provide 2% of ANLOG Tokens to Testnet Users

Odaily News 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 began on April 16, focusing on the developer community interacting with Timechain; the second phase began on April 30, open to the wider community, including social tasks and a game; the third phase will begin on May 15 and is dedicated to recruiting validators. In addition, rewards will be distributed to validators, developers and community members, of which 30% of token rewards will be distributed to validators and the remaining 70% will be distributed to the community and developers. Earlier in February, Analog announced that it had completed a $16 million financing at a valuation of $120 million, led by Tribe Capital, and participated by NGC Ventures, Wintermute, GSR, NEAR, Orange DAO and Mike Novogratz's Samara Asset Group, Balaji Srinivasan and others.
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