Analog announces it will carry out a 1:100 split of the ANLOG token

The cross-chain interoperability protocol Analog announced that it will implement a token split, increasing the total supply from 90,579,710 to 9,057,971,000 $ANLOG tokens. The official statement said that this adjustment will not affect the value distribution of existing token holders and aims to support the sustainable development and expansion of the ecosystem.
It stated that by increasing the token supply, Analog can achieve low-cost cross-chain transaction fees which are more in line with user needs.
Previous news reported that the cross-chain interoperability protocol Analog completed a financing round of 16 million US dollars led by Tribe Capital.