Coinlist announces the launch of Subsquid Network (SQD) project token sale: details and how to participate

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The first project that will be open for sale on Coinlist in early 2024 is called Subsquid Network (SQD).

Subsquid Network (SQD) Overview

Subsquid Network is a decentralized query engine optimized for batch ingestion of large amounts of data. Subsquid currently provides on-chain historical data imported from more than 100 EVMs and Substrate networks, including event logs, transaction data, history and the status of each transaction.

Additionally, the project uses a decentralized data lake model and SDK toolkit to help build applications for billions of users.

One of the strengths of Subsquid is that it is built on an infinitely scalable modular model, allowing developers to use the Squid SDK, Subgraph, or frameworks to get data from a data lake to customize the infrastructure that best suits their project. In particular, developers can effectively access data without permission, aiming to build a neutral, open Internet rooted in Web3 principles.

Main highlights:

Permissionless data access that builders can trust
Unified data pool for all Web3
Open source developer friendliness
The economic model focuses on innovative growth

Details about Subsquid Network (SQD) sale on Coinlist

Public sale begins January 19, 2024 01:00
FDV Purchase price: $125,678,000
Purchase price: $0.094/token
Token payment schedule: 20% of SQD is unlocked in TGE and gradually unlocked within 6 months. The TGE is expected to occur around May 15, 2024.
Total supply: 1,337,000,000 SQD
Supply of tokens for sale: 53,480,000 SQD (4*% of total supply).
Purchase limits: $50 minimum; $2,000 maximum
Additional purchase request limits: Minimum $100; Maximum $2,000
Currencies used for purchase: USDC, USDT
Eligible Participants: Excludes citizens of the United States, Canada, China, North Korea, and countries on this list.
*Added 13,370,000 SQD tokens (1% of total supply) to the Coinlist reserve to allow for additional sales to the community at Subsquid’s discretion.

=> association Join the public offering Subsquid Network (SQD)

Instructions for participating in purchasing SQD tokens

Prepare:

Full KYC account on Coinlist. Only one account can be logged into each network. Logging in with multiple accounts on one network will result in the account being banned.

If you already have an account, click Sign In. If not, click “Register” and quickly go through the KYC process.

step 1: right to use link.link Register for Subsquid Network-CoinList and choose Register Now.

Step 2: Select “Start” to begin registering to participate, then click “Continue.”

Step 3: In the “Residence” section, you select your country of residence and check the box to confirm that the above information is correct, then click “Continue.”

Step 4: You complete the questions in the quiz. Then select Continue.

Step 5: Connect your wallet and join the queue.

In this step, Coinlist requires users to connect their ETH wallet addresses to track on-chain actions performed by users. There is no need to connect this wallet, but you may be selected to participate in the priority queue.

*Priority Queue: The Priority Queue is an invite-only queue for token sales that is significantly larger than the main token sale queue (thousands vs. hundreds of thousands based on recent token sales) and is comparable to the token sale queue. Coin sales run in parallel. Main queue. Although Priority Queue invitees have a higher chance of receiving an assignment, assignment is not guaranteed.

Afterwards, Coinlist will send an email requesting money to be deposited into the Coinlist wallet.

Step 6: pay

If in step 5, everyone receives the purchase amount, they will be redirected to the purchase amount pledge page and have 7 days from January 15th to January 22nd to deposit their pledged amount into Coinlist.

get conclusion

Once you’ve signed up, you just have to wait for the sale date. Purchasing ability is random and lucky people will buy in advance. You should join the queue as soon as possible to increase your purchase success rate, as the website may put you in the queue if too many people visit at the same time.

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