SubQuery Network (SQT)
The SubQuery Network is effort to move towards a decentralised and tokenised network in order to ensure no single point of failure for SubQuery and to encourage as many participants in the process as possible.
Funding Round $9 Million
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What is SubQuery Network
SubQuery’s mission is to help others create products that allow us to move to a decentralised future faster. SubQuery is a blockchain developer toolkit and the backbone of web3 infrastructure. A SubQuery project is a complete API to organise and query data from chains. Operating between layer-1 blockchains and decentralised apps (dApp), SubQuery is an open-source indexer organising and serving well-structured data over GraphQL. SubQuery powers the next generation of dApps and tools with web3 data.
Currently, anyone can already use SubQuery to extract and query blockchain data in only minutes and at no cost but in a centralised way. The SubQuery Network proposes to enable this same scalable and performant solution, but in a completely decentralised way.
DetailsIDO (Tokensoft Launchpad): TBA - TBA
Token supply: 10,000,000,000 SQT
Total tokens for sale: 1,200,000,000 SQT
Raised: 10,800,000 USD
LegalRegistration year: 2021
Token infoTicker: SQT
Accepted currencies: USDC
Team & Launch Partners - 20.0%
Public Sale Round 2 - 7.4%
Public Sale Round 2 - 4.6%
Serias A Investors - 15.0%
Foundation & Community - 40.9%
Seed Investors - 12.0%
SubQuery Network Roadmap
SubQuery is built by the team at OnFinality. While talking to ecosystem teams in 2020, we kept hearing teams repeat the same problems around data processing that was getting in the way of building applications.
With inspiration from other data players in this space and with a Web3 Foundation Grant to kick start this, we began building SubQuery in December 2020.
The first version of the SubQuery SDK was released and quickly adopted by leading teams in Polkadot. This includes the first versions of the cli, node, and query services.
SubQuery releases the first version of its managed service, a free service that provides access to published SubQuery projects made by contributors from around the world and hosted by SubQuery.
SubQuery raises US$1.8m seed funding to accelerate development from top crypto investors
SubQuery announces plans for The SubQuery Network, a decentralised and tokenised network that will be the future of web 3 data infrastructure.
SubQuery releases dictionary support, a precomputed index of on chain data that drastically speeds up indexing.
SubQuery announces it's US$9m funding round led by Arrington Capital, DCG, Stratos, and Hypersphere to massively accelerate development and scale SubQuery's team and processes.
SubQuery works closely with the premiere Polkadot parachains to build and deliver extensive EVM indexing for Moonbeam, Astar, and more
SubQuery solidfies its reputation as the premium data infrastructure provider by delivering a scalable enterprise level managed service to customers
SubQuery partners with leading parachain teams to launch the $500,000 SubQuery Grants programme to accelerate ecosystem development
SubQuery releases and updated whitepaper providing more clarity in how the SubQuery Network will operate and it's competitive advantages
SubQuery extends to other layer-1s by announcing indexing support for Avalache, the first of many new blockchains
The highly anticipated 'Frontier' test network is launched with support from some of the leading node operators in the industry