According to official news, CoinList announced that it will launch the Subsquid (SQD) community sale at 2 a.m. on January 19, and registration is now open. Details are as follows:
- Token supply is 53,480,000 SQD tokens (4% of total supply);
- USD 0.094 per coin;
- 20% released at TGE, followed by 6 months of linear vesting; TGE is expected to occur around May 15, 2024;
- Initial purchase limit: minimum USD 50, maximum USD 2,000 (USDT/USDC only).
Additionally, Subsquid may, at its sole discretion, sell an additional 13,370,000 SQD tokens (1% of the total supply) during the Subsquid Community Sale.
According to reports, Subsquid Network is a decentralized data lake and query engine, focusing on cross-chain indexing and fast query, and ensuring security through zero-knowledge proof. Subsquid launched their rewarded test network on CoinList in September 2023, attracting nearly 20,000 developers to participate in network testing.