🐙Subsquid Network (SQD): a peer-to-peer data lake for Web3 data

🐙Hi fam. , today ı'm gonna write about Subsquid Network. I wish good reading :)

Subsquid Network 🧙‍♂️

The blockchain technology , initally designed solely for peer-to-peer transfer (BTC) ; has evolved into general purpose global execution runtime. Anymore ; decentralized applications (dApp) powered by blockchain provide services many area . Such as :

• Decentralized Finance (DeFi)
• Decentralized Gaming (GameFi)
• Decentralized Social Platforms and Applications (SocialFi) etc.

However , they need some different tools and providers for maintaning their services with no mistake. For example ; scalable execution (L2 , Rollups..etc.) , oracle services (Chainlink ,Pyth ..etc.) , permanant and long term storage for huge data (Filecoin ...etc.) , application-specific databases and API's (TheGrapsh...etc.).
Subsquid Network provide services about missing part of these stack that data storage and using . Subsquid is a decentralized query engine optimized for batch extraction of large volume of datas. It currently serves historical data ingested from 100+ EVM and Substate Networks , including event logs , transaction receipts , traces and per transaction state diffs.



The Subsquid Network assumes the participation of the following actors:

• Data Providers
• Workers
• Scheduler
• Logs Collector
• Rewards manager
• Data Consumers ; and it ensure data for client with include all these actors in its own system. (If you want to learn more information about system style , click here)

For now , Subsquid Network has already three product ;

• Squid SDK - a Typescript toolkit for high-performance batch indexing sourcing the data from the Subsquid Network, without accessing an archival RPC.
• Subsquid Cloud - a hosted service for custom indexers and GraphQL APIs.
• Subsquid Firehose - a lightweight adapter for running subgraphs against Subsquid Network, without accessing an archival RPC node.

SQD Token (SQD)- using area and utilities

SQD is an ERC20 token that powered by Subsquid Network. Its using area ;

• Payment : Tokens will be used for services payment
• Utility/work : Tokens will be staked f or joining network and getting faster service
• Staking : For earning services fee

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Tokenomics and Coinlist SQD Token Sale :

Total supply of SQD is 1.337.000.000 . SQL Community Sale is going to be on Coinlist in Thursday , 19Jan . Price for each token is 0.094$. So , FDV is $125,678,000 . %4 of total supply reserved for sale . (By the way , %1 additonal token (13,370,000 $SQD) may be made avaliavle for purchase during Community Sale) . You must register for sale and you must keep enough value that you promise to get in your coinlist account before 15 Jan .



Here is the token release chart and vesting values and rates for SQD .

"🪶AS ALWAYS I SAID ; PLEASE DO YOUR OWN RESEARCH🪶"

🫐 THANKS FOR READING SO FAR :)

🪶 I WISH GOOD DAY AND LOTS OF EARNING TO YOU :))