Raising Seed Capital by Steve Schlafman at RRE Ventures
Analog Foundation
1. What is analog crypto currency?
Analogis the native cryptocurrencyof INRX blockchain andthe symbol of
Analogis ANA, itis the cryptocurrencyneededto use the INRXplatformand
its products. Total supply of Analog coin is 3 billion, in which 40% of the
total supply will be in distribution and 60% will be in allocation.
The initial price of Analog (ANA) coin is 2.174 INR / 0.03 USD / 2.415 INRX.
The first phase of Analogcoin offering is calledinceptive. In the inceptive
phase total 180 million coin will be available to purchase, which is 15% of
the total distribution (40 % of the Total supply). Inceptive phase has total
9 pool, each pool has its own range of coin and growth rate.
The company focusing on securityand the personnel is indicative of this.
Like other cryptocurrencies,as it is a decentralisednetworkthere is a large
onus on the individual to be smart when it comes to looking after their
tokens. With regards to the network as a whole, it has yet to suffer a
security scandal.
So,how doesANAwork?
In short, developersmustpayin ANAto buildapplicationsandsmart
contracts on the Inrxblockchainplatform, andusers have to payin ANAto
run them. The purpose of ANA, is to allow for the existence of a market
for computation. Such a market provides an economic incentive for
participants to verify/execute transaction requests and to provide
computational resources to the network.
Any participantwho broadcasts a transaction request must also offer
some amount of ANA to the network, as a bounty to be awardedto
whoever eventuallydoes the work of verifyingthe transaction, executing
it, committing it to the blockchain, and broadcastingit to the network.
ANA is on system that has 3 Node Type
Inrx Network:
● Collective Nodes
2. ● Full Nodes
● Solidity Nodes
Collective Nodes - Collective will be responsive for producingblocks for
the network. Collective will also be a member of DEO Community.
Full Nodes – Full nodes is provided for gRPC & HTTP API it will also
broadcasttransactions & Block on the Inrx Network.
Solidity Nodes - Solidity nodes will work with IXRX virtual machines.
Synchronises irascible blocks and provides interaction through Smart
Contracton Inrx Blockchain.
Staking ANA
DecentralizedElective Organization (DEO) is a type of community who
will run INRX DecentralizedNetwork. DEO Community members will be
70% developmentteam of INRX Blockchain and30% members will be
selected from Collective by decentralizedelection method. The DEO has
authorityfor system investment and nodes. DEO has initiallyALL code
60% ANA coin & INRX Token.
The amount of ANA paid is a function of the length of the computation.
This also prevents malicious participants from intentionallycloggingthe
network by requestingexecution of infinite loops or resource-intense
scripts, as these actors will be continuallycharged.
Collective:
Collective is top stackers of Ana coin. They will not be a person that has
any identity for the collective. It's necessarythat it’s a system like
(wallet),DEX,DEFI ext. Collective will be selected by a decentralized
election process by the Electoral System. Those who want to vote for any
system for collective will freeze Ana on their wallet.
3. Profit of Collective:
Collective will be responsible for producingnew blocks for the system.
They will produce a block on every 2 second collective will gain 6 Ana on
every block produced.
After the completion of soft cap in inceptive phase, the Analog coin will
enter in next phase which is calledbeta phase. In beta phase ANA coin
will be listed to the exchanges like INRX exchange, Wazirx, Bitrex, etc .