Analog’s Native Token Goes Live On Bitget, KuCoin, Gate.io and MEXC

Analog Token (ANALOG) Listed on Major Exchanges, Expands Web3 Reach

The cross-chain interoperability protocol Analog is adding to its momentum today, with its native token ANALOG being listed on four major cryptocurrency exchanges, boosting its exposure to global audiences. The ANALOG token is launching on Bitget, KuCoin, Gate.io and MEXC in a simultaneous listing that brings it much closer to its goal of transforming connectivity between blockchain ecosystems.

The ANALOG/USDT trading pair will go live at 11 a.m. UTC on Feb. 10 on the first four exchanges, along with deposit and withdrawal functionality.

It provides the first opportunity for those who acquired ANALOG tokens presale via its earlier public sale and airdrop to start trading those tokens, while those who missed out can at last get involved with the project. 

It’s a big deal because Analog aims to do some big things in the blockchain industry. It’s the creator of a novel Layer-0 “omnichain” network that utilizes the “proof-of-time” consensus mechanism to communicate validated event data between any blockchain. The network is known as the “Timechain”, and it’s designed to provide seamless, secure and transparent messaging between Layer-1 and Layer-2 networks. 

The proof-of-time consensus mechanism is a critical innovation that leverages Analog’s patented verifiable delay functions or VDFs to ensure the accuracy of the event data it publishes, paving the way for secure cross-chain interactions. This enables Timechain to establish a transparent and verifiable record of events and serve as a foundational communications framework for multichain applications. 

Once verified, the event data on the Timechain is pushed to the Event Data Marketplace, which acts as a peer-to-peer exchange for blockchains to communicate information in a decentralized and trustless way. 

To secure the Timechain, Analog utilizes privacy-enabled, recursive zero-knowledge proofs, supporting the bidirectional transfer of event data across chains without compromising the integrity of that information. 

As the native token of the Analog network, ANALOG provides essential functionality, supporting transaction validation and securing the Timechain via staking. ANALOG holders also get to propose and vote on governance decisions. 

A key enabler for Web3’s growth

Analog has made good progress prior to today’s listings, with more than 50 projects building on its infrastructure, spanning decentralized finance, artificial intelligence and non-fungible tokens. Some of its best known dApps include Zenswap, a protocol for cross-chain token swaps, and Pixelport, which supports the creation and trade of omnichain NFTs that can live on any decentralized network. The project has some major backers too, with the likes of Tribe Capital, Near Foundation, GSR, Wintermute, DeSpread and Black Label Ventures providing funds. 

Analog launched its mainnet on Dec. 23 following a successful testnet phase that saw more than 380,000 users participate via its proof-of-humanity identity protocol. 

Support Highlights

This support highlights the blockchain industry’s need for secure, cross-chain interactions at a time when it’s becoming increasingly fragmented, with new decentralized networks popping up with growing frequency. By facilitating secure and efficient transactions and communications between any two chains, Analog is providing a service that will be essential for the Web3 industry’s broader growth and mainstream adoption. 

Today’s listings will help to boost the viability of Analog, not only by making its network accessible to new participants, but by boosting liquidity in the ANALOG market, enhancing its ability to support large value cross-chain transactions.