Announcing the Subsquid Rewards Campaign on CoinList
2024 is the year of the squid!
After launching both their incentivized testnet that attracted over 50,000 indexers and a successful token sale with $6,300,000 SQD being sold in 19 minutes on CoinList, Subsquid has decided to join forces with CoinList once again.
Today, we’re excited to announce the Subsquid x CoinList Rewards Campaign. As part of Subsquid’s larger Subsquid Points Program, this rewards campaign offers a reward pool of 6,685,000 SQD (0.5% of total supply) for completing on-chain and off-chain activities.
Rewards
Users can join the Rewards Campaign by onboarding to the Subsquid points platform. Once onboarded, the user will be introduced to a set of on-chain and off-chain quests to earn points. Different quests are worth different amounts of points. Additionally, those users who have successfully completed a purchase of tokens in any CoinList community sale in 2024 will be eligible to receive extra points as determined by Subsquid.
The more points a user accumulates, the greater the percentage of the allocated SQD they will receive. For example, somebody who receives 2000 points will receive double the SQD rewards of someone who receives 1000.
SQD is awarded at Subsquid's sole discretion, and points do not constitute a legal claim or other right against Subsquid to receive SQD. Subsquid may terminate the Rewards Program in whole or in part at any time without notice or liability to any participant.
Rewards will be distributed as part of Subsquid’s Points Program, a long-term initiative envisaged to reward on-chain points to community members contributing to the Subsquid ecosystem. The points exist on-chain and are immutable and non-transferrable. Points will likely be used for additional rewards programs in the future to test and further develop Subsquid Network.
All points accrued in this CoinList campaign will remain valid for future rewards programs on the Subsquid Network.
About Subsquid
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 struggle to adapt to 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.
Community Links
- Website: https://subsquid.io
- Docs: https://docs.subsquid.io
- GitHub: https://github.com/subsquid
- Twitter: https://twitter.com/subsquid
- Discord: https://discord.gg/subsquid
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