SubQuery SQT token public sale
SubQuery SQT token public sale date has been announced. SubQuery Network, the universal Web3 data indexing toolkit, is delighted to announce the date and details of its upcoming Public Sale, which will be held across three consecutive rounds on TokenSoft.io.
- Registration deadline: 18th of July 2022, 2 pm UTC.
- Round 1: 19 July 2022, 2 pm UTC (invite-only for whitelisted participants);
- Round 2: 20 July 2022, 2 pm UTC (all welcome with capped allocations);
- Round 3: 21 July 2022, 2 pm UTC (all welcome without capped allocations).
Public Sale and Schedule Details
The Public Sale is the first opportunity for its community to purchase the SubQuery Token (SQT). The launch of SQT is the next step in the decentralization of its indexing solution and a move toward community governance.
SQT is a utility token that powers the SubQuery Network with three main use cases:
- To create a reward incentive mechanism for Delegators and Indexers (node operators);
- To act as a medium of exchange on the network marketplace;
- To enable governance of the protocol.
The SubQuery Foundation has a dedicated sales page with all sales details and a comprehensive sales guide.
SQT Sale Guide
KEY DETAILS
- When: 19 July 2022, 2 pm UTC (time zone converter).
- KYC Deadline: 18 July 2022, 2 pm UTC.
- Where: TokenSoft.io
- Structure: 3 sequential rounds. The first is for whitelisted users, and the second and the third are for anyone.
- Tokens Allocated for the Event: ~900,000,000 SQT (~9% of the total SQT supply). In case of elevated demand, the percentage of tokens for sale may be increased to ~12% (this will not affect the sale price).
- Public Sale Price: $0.0275.
- Accepted Currency: USDC on Ethereum (ERC20).
- Token Distribution: SQT distribution to successful participants will take place closer to the mainnet launch via an official UI. There will be no tokens available at Public Sale.
- KYC: All participants must pass KYC with the launchpad. Prohibited jurisdictions: USA, China, New Zealand, Philippines, Iran, North Korea, Syria, Cuba.
How to participate in the presale
If you are whitelisted, you will be informed of your individual allocation caps and lock-ups via an email from Subquery. Moreover, you will still need to register on TokenSoft with the same email address and wallet address and pass KYC. Then when Round 1 opens, you will have 24 hours to purchase tokens within the allocation amount that they have reserved for you. After that, sign in at least 30 minutes before the event starts to reduce wait times.
ABOUT SubQuery
SubQuery is the Universal data indexing toolkit facilitating the construction of Web3 applications of the future. A SubQuery project is a complete API to organize and query data from Layer-1 chains. Currently servicing Polkadot, Substrate, Avalanche, as well as Terra, and Cosmos (starting with Juno) projects. This data-as-a-service also allows developers to focus on their core use case and front-end without wasting time building a custom backend for data processing activities. In the future, the SubQuery Network intends to replicate this scalable and reliable solution in a completely decentralized manner.
RESOURCES
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