Announcing the Subsquid Community Sale on CoinList
Happy and prosperous new year to all you crypto builders and early adopters driving crypto forward. We hope you enjoyed the holiday season and are geared up for the promising opportunities awaiting you on CoinList.
We’re thrilled to kick off 2024 with a bang and announce our first community sale of the year — Subsquid! Registrations for the sale are currently open.
The Subsquid Network is an innovative decentralized data lake and query engine designed to offer developers performant and permissionless access to data, aiming to build a neutral and open internet rooted in Web3 principles. Subsquid launched their incentivized testnet on CoinList in September 2023 that drove nearly 20,000 developer participants to help battle-test their network.
The sale begins on January 18, 2024 at 18:00 UTC and has one public option.
- Supply: 53,480,000 SQD tokens*
- Price: $0.094
- Lockup & Release: 20% release at TGE, followed by a 6-month linear vesting; TGE is expected to occur on or around May 15, 2024
- Initial Purchase Limits: $50 minimum, $2,000 maximum (USDT/USDC only)
*An additional 13,370,000 SQD tokens (1% of the total supply) may be made available for purchase during the Subsquid Community Sale at the discretion of Subsquid.
🗓️ Register by January 15, 2024 at 12:00 UTC »
Reminder: In order to be eligible to participate in the Subsquid Community Sale, ensure your CoinList Wallet is funded with the minimum purchase amount ($50 in USDT or USDC) before the registration deadline (January 15 at 12:00 UTC).
Additionally, your CoinList account must be fully funded with your intended purchase amount before you can complete a transaction in the Subsquid Community Sale. That means users must make sure to fund their wallets with their intended purchase amount before the sale starts on January 18 at 18:00 UTC. There will no longer be a funding period for your initial purchase after the sale ends. For further details, please refer to this blog post.
Scaling the Open Internet with Powerful & Permissionless Data Access
Subsquid Network is an innovative decentralized data lake and query engine designed to offer developers performant and permissionless access to data, aiming to build a neutral and open internet rooted in Web3 principles. Secured by ZK proofs, the Subsquid network boasts a modular architecture that enables exceptional scalability and developer convenience optimized for blockchain indexing, dApp development and analytics.
Subsquid is a response to unscalable and rigid monolithic indexing frameworks that had previously gained popularity and market traction among Web3 developers. Today, these frameworks are struggling to adapt in a rapidly evolving blockchain environment. Additionally, the network serves as a highly efficient and decentralized alternative to centralized infrastructure firms, including large RPC and API providers. Key features include:
- Permissionless data access that builders can rely on: Web3 applications have become far too dependent on centralized RPC and API providers. Subsquid’s unique modular architecture offers infinite horizontal scalability, providing Web3 developers with a long-term solution for decentralized applications aimed at consumers and real-world use cases.
- Unified data lake for all of Web3: Subsquid stands as the most ambitious endeavor in blockchain data lakes, aiming to structure and prepare all data from all chains (envision a Google for Web3!). This initiative extends support to heavily data-heavy chains like Solana, and expansive ecosystems such as ETH and its L2s.
- Permissive & open-source developer friendliness: Subsquid’s modular structure empowers developers and analysts with seamless access to blockchain data. This decentralized data lake can be accessed using a wide range of programming languages, and the stack has been integrated with a comprehensive set of popular Web2 and Web3 developer tools.
- Innovative growth-focused economic model: As blockchain data production surges due to innovations like alt L1s, L2s, and danksharding, the demand for network participants to store this data will intensify. As data storage and network participation grow, the value entering the Subsquid Network will increase. Subsquid’s token design is intended to capture this value and provides a mechanism that aims to bring data costs for developers and analysts down to zero.
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