Subsquid, a revolutionary Web3 data access layer, has exciting news to share – its highly anticipated SQD token will soon be listed on several top-tier cryptocurrency exchanges. On May 17, 2024, Gate.io, Bybit, KuCoin, CoinList, and MEXC Global will all simultaneously launch the native Subsquid token.
The SQD trading markets will open at 8:00 UTC, with an initial price of $0.094. This multi-exchange listing follows the incredible success of CoinList’s token sale, which raised an impressive $6.3 million. By expanding the availability and liquidity of the native Subsquid token, the inclusion of SQD on these renowned exchanges will undoubtedly enhance its value.
The importance of SQD within the Subsquid ecosystem cannot be overstated. Not only does the token incentivize infrastructure providers, but it also rewards node operators who contribute computational and storage resources. Additionally, SQD plays a vital role in node curation and protocol governance, further highlighting its versatility.
Marcel Fohrmann, Co-Founder of Subsquid, expressed his excitement about the upcoming listing, stating, “By listing SQD on international exchanges, we are paving the way for the decentralization of Subsquid’s network and ensuring its accessibility to a vast number of web3 users. This will empower SQD holders to fully utilize Subsquid’s protocol and actively participate in its permissionless data economy.”
This milestone marks a significant step forward for Subsquid, as it aims to revolutionize the data access landscape in the Web3 era. With the SQD token gaining traction across major exchanges, the future looks incredibly promising for Subsquid and its dedicated community.
