What Is Analog and How to Earn $ANLOG Tokens on Bitget - An Airdrop Guide
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What Is Analog and How to Earn $ANLOG Tokens on Bitget - An Airdrop Guide

A guide to farming ANLOG tokens on Bitget's Launchpool for Analog, a new blockchain protocol focused on cross-chain communication.

What Is Analog and How to Earn $ANLOG Tokens on Bitget - An Airdrop Guide

Mục lục

Analog is a blockchain interoperability protocol built on the Substrate SDK that aims to address the challenges of cross-chain communication and data access in Web3. As the protocol prepares for its launch, Bitget is offering users an opportunity to participate in farming ANLOG tokens through their Launchpool platform.

How to Farm ANLOG on Bitget Launchpool?

The Bitget Launchpool provides two separate pools for farming ANLOG tokens through BTC and ETH locking. The farming period runs from February 6, 2025, 11:00 UTC to February 11, 2025, 11:00 UTC.

Pool Details and Requirements

For the BTC pool:

  • Total allocation: 11,666,715 ANLOG
  • Minimum lock: 0.0001 BTC
  • Maximum lock (VIP1-VIP7): 1 BTC
  • Maximum lock (VIP0): 0.3 BTC

For the ETH pool:

  • Total allocation: 11,666,716 ANLOG
  • Minimum lock: 0.002 ETH
  • Maximum lock (VIP1-VIP7): 15 ETH
  • Maximum lock (VIP0): 10 ETH

Farming Process

  1. Singup or log in to Bitget app and complete the identity verification process
  1. Access the Launchpool feature under the Bitget Earn tab
  1. Find the “Analog” farming card once the farming goes live, and click the stake button
  2. Lock your BTC or ETH in the respective pools
  3. Rewards are distributed hourly based on your locked volume
  4. Example timeline: Lock at 10:46 AM → Volume confirmed at 11:00 AM → Rewards distributed at 12:00 PM

Understanding Analog Protocol

Analog's architecture is designed to solve the interoperability challenges in the blockchain ecosystem through a comprehensive approach to cross-chain communication. The protocol operates through a decentralized network of validators maintaining different aspects of the system.

Time Nodes

Time Nodes form the backbone of Analog's consensus mechanism. These validators serve as the primary maintainers of the Timechain, verifying and committing new blocks through their participation in the Nominated Proof of Stake (NPoS) consensus. To operate as a Time Node, validators must secure sufficient stake, combining their own stake with that of their nominators as collateral. This economic mechanism incentivizes proper behavior, as validators earn block rewards for maintaining network security but face potential slashing penalties for any malicious actions.

Chronicle Nodes

Chronicle Nodes function as the protocol's cross-chain observers and validators, playing a crucial role in maintaining interoperability. They continuously monitor inbound cross-chain requests from connected chains and validate these requests using Threshold Signature Schemes (TSS). Once validated, they post this information to the Timechain. Each Chronicle Node operates a Connector instance, which serves as an interface with external blockchains, enabling them to participate effectively in Multi-Party Computation processes. Their operation in shards ensures scalable network management and efficient processing of cross-chain communications.

Network Structure

The protocol implements a sophisticated division of validator responsibilities to ensure efficient operation across the network. Validators are strategically organized into shards, each dedicated to different blockchain networks, with individual shards comprising independent Chronicle Nodes. This structure enables focused monitoring and validation of specific chains while maintaining network-wide security. The system enforces rigorous security through a supermajority consensus requirement for cross-chain operations. Chronicle Nodes must demonstrate their commitment to the network's security by locking ANLOG tokens, creating a strong economic incentive for proper operation.

Key Components

Timechain

The Timechain serves as Analog's sovereign blockchain and accountability layer. Key features include:

Technical Infrastructure

The Timechain is built on the robust Substrate SDK, providing a solid foundation for blockchain development. This infrastructure enables seamless protocol updates through forkless upgrades, ensuring continuous operation without disruption. The system maintains rapid block times for efficient processing while employing comprehensive security measures throughout its development cycle.

Operational Functions

At its core, the Timechain serves as a comprehensive record keeper for all protocol events and activities. It manages the complex task of validator registration and tracking, while simultaneously handling shard registration and key rotations. The system processes cross-chain message verification with precision and maintains control over staking and slashing mechanisms. Through these functions, it also facilitates critical governance decisions that shape the protocol's evolution.

Multi-Party Computation (MPC)

Analog's MPC implementation establishes a secure framework for cross-chain interactions through several sophisticated mechanisms.

Threshold Signature Schemes (TSS)

The TSS system creates and manages aggregate keys held by off-chain validators, implementing a strict security protocol that requires more than two-thirds consensus for any request authorization. Security is further enhanced through constant key rotation, while the system maintains an open membership structure for network participation. Economic incentives and slashing mechanisms ensure validator compliance and network security.

Sharding Implementation

The sharding system effectively partitions the Chronicle Node network to achieve optimal scalability. Each shard receives assignments for monitoring specific blockchains, enabling efficient parallel processing of cross-chain requests. The implementation maintains dedicated TSS keys for each supported blockchain, ensuring secure and independent operation across different chains.

Unified API

The protocol's GraphQL API establishes a comprehensive interface for developers, providing seamless access to multi-chain data through a single endpoint. It implements a standardized query interface across all supported networks, enabling scalable data retrieval methods and real-time blockchain data access. The API's architecture emphasizes simplified integration capabilities, making it accessible for developers while maintaining robust functionality.

Protocol Services

Analog Watch

A comprehensive blockchain data indexing and access solution that offers:

Core Functionality

  • Aggregates data from multiple blockchain networks
  • Indexes information from Ethereum, Astar, and Polygon
  • Provides real-time data access through a unified interface
  • Supports custom data view definitions
  • Enables efficient cross-chain data queries

Deployment Options

  1. Hosted Service
  • Centralized model for immediate deployment
  • User-friendly UI for smart contract listing
  • View deployment capabilities
  • Zero-cost data querying
  • GraphQL endpoint access
  1. On-Demand Data Validation Service
  • Trust-minimized approach to data access
  • Cryptographic guarantees for deployed artifacts
  • TSS-signed query responses
  • Verifiable data validation
  • Decentralized operation

Analog GMP (General Message Passing)

An advanced cross-chain communication system featuring:

Technical Capabilities

  • Cross-chain smart contract execution
  • Message transmission between blockchains
  • Standardized communication protocols
  • Security-focused message validation
  • Efficient state synchronization

Application Support

  • Cross-chain Domain Name Services
  • Multi-chain NFT functionality
  • Decentralized Exchange integration
  • Cross-chain lending and borrowing
  • Liquidation protocol support

Architecture Components

  • Gateway Smart Contracts on each supported chain
  • Application Smart Contracts for cross-chain operations
  • Chronicle Node monitoring and validation
  • Timechain-based message coordination
  • TSS-secured transaction signing

Tokenomics

Total supply: 9,057,971,000 ANLOG

The ANLOG token serves multiple purposes in the ecosystem:

  • Staking for validators
  • Network security
  • Protocol governance
  • Fee payments

Important Considerations for Farming

  • Users can unlock their tokens from the locking pool at any time
  • Sub-accounts, institutional accounts, and market maker accounts cannot participate
  • The APR calculations for each pool are separate
  • Locked assets automatically return to spot accounts after the locking period

Eligibility Requirements

To participate in ANLOG farming:

  • Complete identity verification
  • Comply with Bitget's terms and conditions
  • Use only main accounts (no sub-accounts)
  • Maintain legitimate activity within platform guidelines

Disclaimer: While this project is launching on a reputable platform, cryptocurrency users should exercise caution with their funds. Always verify transaction details carefully before signing, keep your private keys secure, and never invest more than you can afford to lose. Cryptocurrency investments carry significant risks, including but not limited to market volatility and potential loss of capital.

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