Bitget Lists Foresight Ventures-backed Analog (ANLOG) on Launchpool
Press release
Victoria, Seychelles, 29th January 2024 –
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of ANLOG token. Eligible users will have the opportunity to lock Bitcoin (BTC) and Ethereum (ETH) to participate in a reward pool of 23,333,431 ANLOG tokens. The locking period will run from February 6, 2025, at 11:00 UTC to February 11, 2025, at 11:00 UTC.
Analog operates as a suite of omni-chain interoperability protocols designed to simplify access to Web3 data and facilitate seamless cross-chain communication. With a total token supply of 9,057,971,000 ANLOG, the project aims to address critical challenges in blockchain interoperability, enabling more efficient data sharing and communication across decentralized networks.
The Launchpool campaign is structured into two locking pools: one for BTC and another for ETH. Each pool offers 11,666,715 and 11,666,716 ANLOG tokens, respectively. Rewards will be distributed hourly based on the proportion of assets locked by each participant relative to the total locked in the pool. Bitget will take hourly snapshots of locked volumes, with airdrops calculated and distributed accordingly. Participants can unlock their tokens at any time, and all locked assets will be automatically returned to their spot accounts once the locking period concludes.
This initiative marks a pivotal step for Analog as it prepares to expand its ecosystem and enhance cross-chain functionality. The integration with Bitget Launchpool provides users with an early opportunity to engage with the project while contributing to its growing community.
Analog has secured $5 million in a recent funding round, bringing its total funding to $21 million and valuing the company at $300 million. This investment precedes the launch of its native token, ANLOG, scheduled for February 6, 2025. The round attracted backing from top VCs such as
Foresight Ventures, Gate Ventures, BackerDAO, and Black Label Ventures.
Previously, Bitget listed ANLOG for
pre-market trading allowing users to engage in ANLOG transactions ahead of its official spot market debut.
For more information about ANALOG tokens on Launchpool, please visit
here.
About Bitget
Established in 2018, Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the
Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to
Bitcoin price,
Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League,
LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes
Buse Tosun Çavuşoğlu (Wrestling world champion),
Samet Gümüş (Boxing gold medalist) and
İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For media inquiries, please contact:
media@bitget.com
Risk Warning:
Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our
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