Question 1

What is SQD (SQD)?

Accepted Answer

SQD is the native ERC-20 token of the Subsquid Network, an ecosystem that provides decentralised infrastructure for querying and processing Web3 data at scale. The Subsquid Network addresses challenges of accessing, aggregating, and querying blockchain and off-chain data, enabling efficient data retrieval without relying on centralised systems. The network architecture includes components such as workers, data providers, schedulers, and reward managers, ensuring trustless and scalable operations.

The SQD token is deployed on the Ethereum mainnet and bridged to Arbitrum One. It is essential for operations within the Subsquid Network, enabling functionalities such as data query validation, resource allocation, and governance.

Question 2

What is SQD (SQD) used for?

Accepted Answer

SQD serves multiple purposes within the Subsquid Network ecosystem:

* **Incentives for Network Operations:** Workers who contribute storage and computation resources earn SQD as rewards. These rewards are calculated based on factors like uptime, data served, and delegated token amounts.

* **Delegation and Staking:** SQD tokenholders can delegate their tokens to workers, supporting reliable nodes and earning a share of the rewards.

* **Query Resource Allocation:** Users of the network lock SQD to access resources such as data queries. The locked tokens yield "compute units" (CU), which determine the query bandwidth available to the user.

* **Governance:** SQD tokenholders can participate in governance decisions, influencing protocol changes and resource allocation policies.

* **Reward Pool and Ecosystem Growth:** A fixed percentage of the SQD token supply is allocated to a rewards pool for incentivising network participation during the initial bootstrapping period. Future adjustments to token supply and reward mechanisms will be determined via governance.

Question 3

Who created SQD (SQD)?

Accepted Answer

SQD and the Subsquid Network were created by Subsquid Labs GmbH, co-founded by Dmitry Zhelezov.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	SQD-USD SQD-USD	coinbase	AA	0.02924USD	3.52%	13,564,622.00SQD	2,271	0.02824USD	0.03113USD
2	SQD-USDT SQDUSDT	bybit	A	0.02923USDT	3.65%	3,839,458.55SQD	2,989	0.02820USDT	0.03000USDT
3	SQD-USDT SQD_USDT	gateio	A	0.02925USDT	3.61%	1,416,592.41SQD	1,572	0.02823USDT	0.03005USDT
4	SQD-USDT SQD-USDT	kucoin	BB	0.02917USDT	3.40%	863,936.80SQD	1,655	0.02821USDT	0.02993USDT
5	SQD-USD SQD_USD	cryptodotcom	AA	0.02985USD	5.33%	303.00SQD	3	0.02834USD	0.02985USD
6	SQD-USDT sqdusdt	huobipro	C	0.02900USDT	6.62%	13,117,483.33SQD	6,434	0.02720USDT	0.02960USDT
7	SQD-EUR SQD-EUR	bitvavo	B	0.02615EUR	4.35%	9,228,583.88SQD	1,019	0.02506EUR	0.02700EUR
8	SQD-USDT SQDUSDT	mexc	C	0.02925USDT	3.72%	2,492,603.57SQD	3,853	0.02820USDT	0.02999USDT
9	SQD-USDT SQD_USDT	bitunix	C	0.02923USDT	3.62%	2,466,998.50SQD	6,694	0.02821USDT	0.03000USDT
10	SQD-USDT SQDUSDT	toobit	C	0.02921USDT	3.51%	2,386,189.32SQD	5,543	0.02822USDT	0.02997USDT
11	SQD-USDT SQD_USDT	bydfi	-	0.02926USDT	3.76%	2,101,917.94SQD	3,428	0.02820USDT	0.02999USDT
12	SQD-USDT SQDUSDT	bitrue	D	0.02926USDT	3.69%	1,458,010.65SQD	4,644	0.02822USDT	0.03015USDT
13	SQD-USDT sqd_usdt	xtpub	-	0.02939USDT	4.18%	1,401,827.29SQD	4,469	0.02821USDT	0.02998USDT
14	SQD-THB THB_SQD	bitkub	C	0.9792THB	3.27%	1,269,806.91SQD	242	0.9482THB	1.01THB
15	SQD-IDR sqdidr	indodax	E	522.00IDR	4.19%	13,635.74SQD	20	501.00IDR	534.00IDR
16	SQD-USDT SQDUSDT	coinex	C	0.02849USDT	0.00%	0SQD	0	0.02849USDT	0.02849USDT
17	SQD-USDT SQD_USDT	poloniex	C	0.03020USDT	0.00%	0SQD	0	0.03020USDT	0.03020USDT
18	SQD-USDT SQDUSDT	hitbtc	E	0.03567USDT	0.00%	0SQD	0	0.03567USDT	0.03567USDT