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Upcoming Subsquid ICO (SQD) Is Trending. Why’s That?
The post Upcoming Subsquid ICO (SQD) Is Trending. Why’s That? appeared first on FinanceBrokerage.
Subsquid ICO is in the spotlight currently, introducing the Subsquid Network. The latter is a decentralized data lake and query engine designed to revolutionize data access. This promising project seeks to establish a neutral, open internet rooted in Web3 principles.
The Subsquid Network distinguishes itself as a groundbreaking decentralized query engine specifically tailored for batch retrieval of extensive data volumes. Currently, it serves historical on-chain data from 100+ EVM and Substrate networks. Moreover, it encompasses transaction receipts, event logs, traces, and per-transaction state diffs.
As the momentum builds, the Subsquid ICO is gearing up for its token sale scheduled from January 18 to January 19, 2024. The SQD token, an ERC20 digital token, will be available at a token price of 1 SQD = 0.094 USD. With a fundraising goal of $5,030,000, this ICO presents an opportunity to be part of a groundbreaking project. The team plans to issue a total of 1,337,000,000 tokens. However, only 39.9% will be available for the token sale.
The Subsquid Network API currently provides access to raw event logs, transaction data (with receipts), execution traces (for selected networks), and state diffs (for selected networks). Supporting all major EVM and Substrate networks, it is poised to become a pivotal tool for developers seeking diverse blockchain data.
Furthermore, Subsquid offers two deployments: a production-ready private cluster and a decentralized, permissionless network currently in the testnet phase. Despite the deployment differences, the user-facing API remains identical. This commonality ensures seamless utilization for historical blockchain data older than 6-24 hours in high volume or filtered form.
As the Subsquid ICO unfolds, the Subsquid Network and its associated products present a promising future for blockchain developers and enthusiasts. With its decentralized query engine, complementary tools, and upcoming token sale, Subsquid seems poised to redefine data access and contribute to the evolution of Web3 principles. The digital token SQD holds the key to unlocking the full potential of this groundbreaking project.
The post Upcoming Subsquid ICO (SQD) Is Trending. Why’s That? appeared first on FinanceBrokerage.
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