Community Sales are Back: Subsquid Sets a New Record
We’re thrilled to share the success of the Subsquid Community Sale on CoinList, which has attracted over 7,000 unique token holders from 106 countries, contributing to the Subsquid community. The sale saw a remarkable $6.3M in SQD tokens purchased throughout the course of the sale.
The entire sale sold out in a record 19 minutes, faster than any other sale in CoinList history. Prior to the sale, registrants funded their wallets with over $16 million, greatly surpassing the maximum purchase amount.
The Subsquid team looks forward to successfully distributing 20% of the purchased tokens to their community on mainnet launch currently anticipated around May 15, 2024, followed by a 6-month linear release.
From Testnet to Community Sale
Prior to the community sale, Subsquid kicked off an incentivized testnet campaign on CoinList to assess network security and functionality as it progressed towards mainnet launch. Early adopters actively participated through their own efforts by completing specific tasks and quests, earning SQD tokens based on their contributions.
Almost 40,000 testnet participants, of which nearly 17,000 were developers, were connected to help test real-world scenarios so far, many of whom were rewarded with Priority Queue access to the sale. The Priority Queue is an invite-only queue for community sales that is significantly shorter than the main queue, offering users an increased chance of securing an allocation.
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 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. Learn more here »
Legal Disclaimer
The sale is not available for residents of the United States (and its territories), China, Canada, South Korea, and certain other jurisdictions.
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