Subsquid Price
(SQD)
USD($)
Subsquid (SQD) Live Price Chart
Overview
About
Analysis
FAQ
Subsquid Live Price Data
How do you feel about Subsquid today?
Note: This data is for reference only.
Bullish
Bearish
Subsquid(SQD) Profile
Rank--
--Expand 
Website
Documentation
Explorer
Contract
Arbitrum 0x133742...aB1
Audited By
--
Investors
--
$0.08078
$0.08753
$0.21810
-0.14%
-5.40%
-28.06%
--
$120,744
--
1.34B
About SQD
How can I buy Subsquid (SQD)?
What Is Subsquid (SQD) Crypto?
Subsquid (SQD) is a decentralized data indexing and query protocol designed for the Web3 ecosystem. It enables developers to access and manage blockchain data efficiently. Subsquid offers a modular architecture, allowing for scalability and customization of data sources and queries.
The Subsquid network supports over 80 EVM-compatible blockchains and plans to expand to Cosmos and Solana networks. The native SQD token powers the ecosystem and is used for rewarding contributors, staking, and accessing exclusive datasets.
Subsquid aims to provide a decentralized alternative to traditional data providers, making it easier and cheaper for developers to build decentralized applications (dApps) and perform blockchain analytics.
How Does Subsquid Network Work?
Subsquid (SQD) is a decentralized data indexing and query engine that allows developers to efficiently access and manage blockchain data from multiple sources. By decentralizing data management, Subsquid provides a scalable and flexible solution for accessing blockchain data, making it a valuable tool for developers in the Web3 ecosystem.
Subsquid indexes data from various blockchains, including Ethereum and other EVM-compatible networks. It plans to support Cosmos and Solana in the future. The platform uses a lightweight query engine to enable fast and cost-efficient access to on-chain data. This makes it ideal for developers building dApps and performing blockchain analytics.
Subsquid operates as a decentralized data lake, with worker nodes contributing storage and computational power. These nodes store and serve data in a peer-to-peer fashion, ensuring high availability and reliability.
The SQD token is used within the network for various purposes. It rewards node operators, supports staking, and grants access to premium data sets. Users can also use SQD tokens to pay for data extraction services.
History of Subsquid and SQD Coin
Dmitry Zhelezov and Marcel Fohrmann founded Subsquid (SQD), officially launched in 2021. Subsquid's incentivized testnet launched in September 2023, attracting nearly 20,000 developers to test the network.
The public token sale for SQD started on January 18, 2024. Subsquid’s mainnet is scheduled to go live in Q2 2024. The roadmap includes plans to support Cosmos-based chains, and Solana by Q3 2024, with further enhancements and enterprise tools planned for 2025.
What Is SQD Token Used for?
The Subsquid (SQD) token has several key uses within the Subsquid ecosystem:
- Rewards for Node Operators: SQD tokens incentivize node operators who provide storage and computational resources to the network. By running nodes, operators ensure the network's efficiency and reliability.
- Delegation: Token holders can delegate their SQD tokens to node operators. In return, they receive a share of the fees earned by these operators, promoting a collaborative and incentive-driven network.
- Payment for Services: SQD tokens are used to pay for data queries and access to premium datasets. This includes fees for API requests and data pipeline operations within the network.
- Staking: Staking SQD tokens allows users to access premium datasets and enjoy discounts. This mechanism ensures participants are vested in maintaining the network’s integrity and performance.
- Governance of Subsquid Network: SQD tokens enable holders to participate in the governance of the Subsquid network. Token holders can vote on protocol changes and other important decisions, contributing to the platform's decentralized governance.
- Trade SQD on KuCoin: After you DYOR, Trade Subsquid token on the KuCoin Spot Market against other cryptocurrencies. Based on your investment goals and risk tolerance, buy, sell, or HODL $SQD.
What Is Subsquid Tokenomics?
The total supply of SQD is fixed at 1,337,000,000 tokens. The following is the token distribution:
- Pre-Seed Backers: 12% with a 6-month lockup and 24-month vesting.
- Seed Backers: 16.3% with a 6-month lockup and 24-month vesting.
- Strategic Backers: 6.6% in two rounds, with varying lockup and vesting periods.
- Team: 15% with a 6-month lockup and 24-month vesting.
- Reserved Treasury: 28.1% for development, grants, and ecosystem activities.
- Liquid Treasury: 5% for liquidity provision and market making.
- Worker Rewards: 10% with 84-month vesting for node operators.
- Community Sale: 5% with a 20% immediate release and 6-month vesting.
- Testnet Participants and Workers: 2% with various lockup and vesting periods.
Subsquid (SQD) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.00463 | -5.41% |
| 7 Days | $-0.03153 | -28.07% |
| 30 Days | $-0.00851 | -9.52% |
| 3 Months | $-0.06624 | -45.05% |
24H Investment Barometer
24H
Buy
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning：Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
Strong SellSellNeutralBuyStrong Buy
Ratio of No. of Users Increased/Decreased Their Holdings
24H
Increase
Decrease
Ratio of Increased/Decreased Amount
24H
Increase
Decrease
Ratio of No. of Traders
Spot
Futures
24H
No data
Ratio of Trading Volume
Spot
Futures
24H
No data
Ratio of Buy/Sell Orders
Spot
Futures
24H
Buy Orders
Sell Orders
Ratio of Buy/Sell Order Value
Spot
Futures
24H
Buy Orders
Sell Orders
Subsquid Conversion Rate
FAQ
How much is 1 Subsquid (SQD) worth?KuCoin provides real-time USD price updates for Subsquid (SQD). Subsquid price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time SQD to USD exchange rates.
Is Subsquid (SQD) a Good Investment?
Investing in Subsquid offers the potential for returns through network participation, governance, and the growing demand for decentralized data solutions:
- High Performance and Efficiency: Subsquid provides a fast and reliable decentralized data query engine, which is highly efficient in extracting large datasets from various blockchain networks.
- Strong Developer Tools: The platform offers robust tools like the Squid SDK and Subsquid Cloud, making it easier for developers to create custom data indexers and APIs. This support can lead to increased network adoption and usage.
- Incentives and Rewards: SQD tokens reward node operators who contribute to the network's infrastructure, ensuring consistent performance and reliability. Investors can benefit from the staking and delegation features, which provide additional returns.
- Governance Participation: As an SQD token holder, you can participate in the network's governance. This includes voting on important protocol changes and decisions, giving you a voice in the project's future.
- Growing Ecosystem: Subsquid supports multiple blockchain networks and plans to expand further. Its comprehensive approach to data indexing and querying positions it well for growth in the evolving Web3 landscape.
What Is Subsquid Price Prediction?
While we cannot offer a precise SQD crypto price prediction, several factors influence the price of Subsquid (SQD) tokens:
- Subsquid Network Adoption: As more developers and projects use Subsquid's data indexing and query services, demand for SQD tokens increases, potentially raising the Subsquid price. The platform's ability to support multiple blockchain networks enhances its appeal.
- Utility and Use Cases: The SQD token has multiple uses, including rewarding node operators, staking for access to premium data, and participating in governance. These use cases drive demand for the token, impacting the SQD crypto price.
- Market Sentiment: Positive news, successful partnerships, and overall market conditions can affect investor sentiment and, consequently, the SQD token price. Community support and engagement also play a significant role.
- Supply and Vesting Schedules: The release schedule of tokens, including lock-up periods and vesting for early investors and team members, can influence the supply of SQD in the market. Controlled supply can help stabilize or increase the SQD to USD price over time.
- Technical Developments: Continuous improvements, updates, and new features in the Subsquid ecosystem can enhance the platform's functionality, attract more users, and increase the $SQD price.
How to Stake SQD on SubSquid Network
Staking SQD tokens not only helps secure the network but also allows you to participate in governance and earn incentives. To stake SQD on Subsquid, follow these steps:
- Acquire SQD Tokens: First, you need to purchase SQD tokens from KuCoin or other supported platforms. Ensure that the SQD tokens are transferred to your wallet.
- Set Up Your Wallet: SQD is an ERC-20 token, so ensure your wallet is compatible with it. You can use wallets like MetaMask or other supported wallets.
- Create an Account on Subsquid: Visit the Subsquid dApp and register for an account with your email address or GitHub account. Connect your wallet to the Subsquid account.
- Lock SQD Tokens: Staking involves locking your SQD tokens for a specified period. This can be done directly through the Subsquid platform. Longer lock periods typically yield higher returns.
- Delegate Tokens: You can delegate your SQD tokens to node operators within the Subsquid network. This helps in selecting trustworthy operators and ensures network reliability.
- Earn Rewards: By staking SQD tokens, you can earn rewards from the network. Rewards are distributed to those who contribute computational and storage resources to the network.
What is the all-time high price of Subsquid (SQD)?
The all-time high price of Subsquid (SQD) is $0.21810. The current price of SQD is down 0.63% from its all-time high.
What is the all-time low price of Subsquid (SQD)?
The all-time low price of Subsquid (SQD) is $0.07696. The current price of SQD is up 0.05% from its all-time low.
What is the market cap of Subsquid (SQD)?
The current market cap of SQD is $1.13M. It is calculated by multiplying the current supply of SQD by its real-time market price of $1.13M.
How do I store Subsquid (SQD)?
You can securely store your Subsquid in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your SQD include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Binance Chain Native Token (BNB) to cash?
You can instantly exchange your Binance Chain Native Token (BNB) for cash using KuCoin's Fast Trade feature. This feature enables you to convert BNB to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
Fear & Greed Index
Note: Data is for reference only.
Neutral45
Trade
SQD/USDT1
$0.08078-5.40%
Spot GridCopyRight © 2017 - 2024 KuCoin.com. All Rights Reserved.
2024-07-27 08:32:51 (UTC+8)
24h Volume1,593,978,252USDT