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Unlocking Subsquid's Potential: CoinList's Upcoming SQD Community Sale

2024/01/07 16:47

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An Exciting Opportunity

The digital asset landscape is buzzing with anticipation as CoinList gears up to launch the Subsquid (SQD) community sale on January 19th. With the registration process already underway, this event marks a significant milestone for both CoinList and the burgeoning Subsquid Network.

Token Sale Details: Key Sale Specifics

The Subsquid community sale is structured with precise details that are essential for potential participants to understand:

The total token supply set for the sale is 53,480,000 SQD tokens, representing 4% of the entire supply.
Pricing is pegged at USD 0.094 per SQD token.
The token distribution includes an initial 20% release at the Token Generation Event (TGE), followed by a six-month linear vesting period. The TGE is tentatively scheduled for around May 15, 2024.
Purchase limits range from a minimum of USD 50 to a maximum of USD 2,000, with transactions being accepted in USDT and USDC only.

Additional Sale Possibility: Expanded Token Offering

Subsquid reserves the right to potentially extend the sale by offering an additional 13,370,000 SQD tokens, equating to 1% of the total supply. This decision, solely at Subsquid's discretion, could significantly impact the community sale dynamics.

Network Overview: Decentralized Data Innovation

Subsquid Network has established itself as a decentralized data lake and query engine, specializing in cross-chain indexing and expedited querying. Its commitment to security is demonstrated through the integration of zero-knowledge proof technology. The network's test phase, launched on CoinList in September 2023, successfully attracted nearly 20,000 developers, highlighting its growing prominence and potential in the blockchain ecosystem.

A Pivotal Moment

The Subsquid community sale on CoinList is not just a token sale; it's a doorway into a future of decentralized data solutions and cross-chain interactions. It signifies a pivotal moment for the network and its supporters.

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