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Analog Blockchain launches incentivized testnet and awards 2% of tokens for rewards
Vladislav Sopov
Analog Testnet open for developers, communities and validators; The blockchain team has prepared generous rewards for pioneers
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Cross-chain communication protocol and data provider Web3 Analog invites all cryptocurrency enthusiasts and entrepreneurs to experience its opportunities for dApp implementation.
L0 analog blockchain ecosystem launches incentivized testnet campaign
According to the official announcement shared by his team, Analog, a multi-purpose Layer 0 cross-blockchain messaging protocol, has released its incentivized public testnet version. The testnet features a full range of Analog’s core products that create a powerful toolkit for cross-chain development.
Image by Analog
This combination includes three main components. Analog Watch offers a full-stack indexing and query protocol, making it easy to access Web3 data via a GraphQL endpoint. Developers can use the open source Watch SDK or hosted Watch Portal to streamline their workflow.
Analog GMP (General Message Passing) provides a permissionless communication layer, allowing dApps to send and receive messages across different blockchains.
Last but not least, Timechain, an immutable ledger underlying the analog network, uses a combination of Nomination Proof-of-Stake (NPoS) and Proof-of-Time (PoT) protocols to ensure security, decentralization and scalability.
Victor Young, CEO and founder of Analog, highlights the critical importance of this release for the cross-chain scene in 2024:
We believe that building a truly interoperable cross-chain ecosystem requires everyone’s insights and contributions. Our incentivized testing network allows people to test our tools, share their perspectives, and earn rewards as they help us build the most powerful and user-friendly cross-chain data platform
To engage the developer community and simplify dApp onboarding, the protocol team has introduced a series of incentives with lucrative rewards.
Analog token points will be exchanged for ANLOG tokens
Participation in the newly launched incentivized testnet offers a unique opportunity for developers, enthusiasts and node operators to earn rewards and play an active role in shaping the future of the platform.
Analog has allocated a minimum of 2% of its total supply of ANLOG tokens to all testnet participants. All participants can earn Analog Token Points (ATP) by completing different missions, including testing key features, providing insights, feedback, and even taking part in the Watch Game, a community event where members explore and vote on views.
Then, ANLOG tokens will be redeemable for Analog Token Points (ATP) after the completion of incentivized testnet campaigns.
About the author
Vladislav Sopov
Blockchain analyst and writer with scientific background. 6+ years in IT analytics, 3+ years in blockchain.
He has worked in independent analyzes and start-ups (Swap.online, Monoreto, Attic Lab etc.)