Subsquid (SQD)

IEO

Last updated: Jan 19, 2024

Subsquid is a decentralized data lake protocol that serves as the core of Web3’s new tech stack. This is the fastest, easiest, and by far the cheapest way for developers to build powerful consumer-facing dApps using blockchain data.

Seed Round: $3.8 Million

Testnet: https://coinlist.co/subsquid-testnet

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Overview

Project industry	Big Data & Data Storage / Cosmos Ecosystem / Solana Ecosystem / Web 3.0 / Protocol
Product type	Technology
Whitepaper	Open

What is Subsquid

Subsquid is the team behind squids, a new standard for Web3 data extraction and transformation. Build your better indexer that syncs at thousands of blocks per second and that enables you to make advanced aggregations of on-chain and off-chain data.

Subsquid is a data network designed for the future of Web3: rapidly and cost-efficiently retrieve blockchain data from 100+ chains using Subsquid’s decentralized data lake and open-source SDK to build billion-user dApps.

Infinitely scalable modular architecture: Subsquid is the only data network that emphasizes a modular approach to indexer development. Developers retrieve data from the decentralized data lake using Squid SDK, a Subgraph, or their preferred framework, utilizing the most appropriate infrastructure for their project.
Flexibility for next-gen use cases: Subsquid’s extremely permissive open-source indexing tools allow developers to customize their data sources and targets whilst applying their own custom logic.
"Spotify" for Web3 data: The Subsquid Network’s economic model is designed to gradually bring data costs for Web3 developers to zero.

Details

IEO (Coinlist Launchpad): Jan 18, 2024 - Jan 18, 2024
Token supply: 1,337,000,000 SQD
Raised: 3,800,000 USD

Legal

Country limitations: US, Canada, China, Republic of Korea, and certain other jurisdictions
Registration country: Switzerland
Registration year: 2021

Office address: Grafenaustrasse, Zug, 6302, CH

Token info

Ticker: SQD
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 SQD = 0.094 USD
Accepted currencies: USDT, USDC
Token distribution:
Pre-Seed Backers - 12%
Seed Backers - 16.3%
Strategic I Backers - 4.6%
Strategic II Backers - 2%
Team - 15%
Reserved Treasury - 28.1%
Liquid Treasury - 5%
Worker Rewards - 10%
Community Sale - 5%
Testnet Participants - 1%
Testnet Worker - 1%