Subsquid(SQD) Startup Free Offering on Gate.io

This Subsquid(SQD) will only be available for GT subscriptions. Please be aware that the participation users' funds will not be deducted at the end of this Subsquid(SQD) Subscription.

Introduction to Subsquid(SQD)：

Subsquid Network is the hyper-scalable data access layer that powers your favorite dApp. In other words, it is an indexing protocol that provides the information blockchain applications need to deliver great user experiences.

Subsquid powers hundreds of major projects across 150+ chains with Web3's fastest and most cost-efficient decentralized data. You can enjoy DeFi apps, NFTs, games, social media and much more on Solana, Ethereum, and virtually any other network thanks to Subsquid!

The network utilizes ZK technology for data validation and allows anyone to curate nodes via delegations. Let's scale Web3 data together!

(The information below is provided by the Subsquid(SQD) team. Please follow Subsquid(SQD) for more information)

Token Information

• Token Name: Subsquid
• Token Symbol: SQD
• Max Supply：1.337.000.000 SQD
• Token Type: Arbitrum
• Smart Contract Address: https://arbiscan.io/token/0x1337420dED5ADb9980CFc35f8f2B054ea86f8aB1
• Token distribution ratio and unlocking rules:

Pre-Seed Backers：12%，160.440.000. 6-month lockup after TGE, with a 20% release followed by a 24-month linear vesting for the remaining 80%.

Seed Backers: 16.3%, 218.085.714. 6-month lockup after TGE, with a 20% release followed by a 24-month linear vesting for the remaining 80%.

Strategic I Backers: 4.6%, 61.349.225. 12-month linear vesting after TGE.

Strategic II Backers: 2%, 26.737.968. 6-month lockup after TGE, with 25%

release followed by an 18-month linear vesting for the remaining 75%

Team: 15%, 200.550.000. 6-month lockup after TGE, with a 20% release followed by a 24-month linear vesting for the remaining 80%.

Reserved Treasury: 28.1%, 375.697.093. 36-month linear vesting after TGE

Liquid Treasury: 5%, 66.850.000. Liquid tokens for market making, liquidity provision on CEX/DEX, other ecosystem activities and events.

Worker Rewards: 10%, 133.700.000. 84-month vesting after TGE.

Community Sale: 5%, 66.850.000. 20% release at TGE, followed by a 6-month linear vesting.

Testnet Participants: 1%, 13.370.000. 6-month linear vesting after TGE.

Testnet Worker: 1%, 13.370.000. 12-month lockup after TGE, followed by a 24-month linear vesting.

Website: https://subsquid.io/

Whitepaper: https://docs.subsquid.io/subsquid-network/whitepaper/

Subsquid(SQD) Startup Subscription Rules：

(1) Duration: May 16th, 2024 10:00 AM - May 17th, 2024 04:00 AM UTC

(Orders placed by qualified users within these 18 hours will be treated equally.)

(2) Trading Starts Time：May 17th, 2024 08:00 AM UTC

The Trading Pair: SQD/USDT

(3) Subscription Token: GT.

(4) Subscription Price: $0 GT

(5) Subscription Total: 8.750 GT

(6) Startup Total Supply: 744.680 SQD

(7) Unlock rule: 100% Unlock

(8) Participation Requirement:

1.Users participating in the GT Holder-Exclusive Airdrop will no longer be required to have an average GT holding of not less than 10 GT in the past 14 days. Holding 10 GT when participating will be eligible.

2.Your asset balance will be detected during token distribution. Please ensure your asset balance of not less than 10 GT, otherwise, it may result in subscription failure.

3.The available shares of each project vary for different projects. Please refer to the project announcement or the available shares when participating.

Participate in Startup now: https://www.gate.io/startup

(9) Announcement of results: After the end of the day's subscription, the system will count all eligible subscription orders.

Please Note: Multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

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