Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Subsquid to launch SQD token for improved blockchain indexing
ALTCOIN NEWS

Subsquid to launch SQD token for improved blockchain indexing

By Crypto FlexsMay 16, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Subsquid to launch SQD token for improved blockchain indexing
Share
Facebook Twitter LinkedIn Pinterest Email

Subsquid is preparing to launch its own token, SQD, on May 17 in response to growing demand for its cryptocurrency indexing services.

The token aims to enhance the functionality and reach of Subsquid’s decentralized indexing solution across a variety of blockchains.

SQD’s role in improving blockchain accessibility

Starting with Polkadot, Subsquid has expanded to Ethereum and recently launched Solana beta. Venture capitalists have invested more than $17 million in the project, and several cryptocurrency exchanges may soon list the SQD token.

This will be deployed on the Ethereum mainnet and then connected to Arbitrum One. SQD aims to strengthen Subsquid’s network by keeping the blockchain stable and fair, allowing node operators to organize on-chain data efficiently. This allows developers to effectively monitor and interact with the blockchain ecosystem to improve data access.

The token’s utility includes managing network participants through a delegation system to select trustworthy operators. Locking SQD tokens gives users access to better data rates in decentralized data lakes, ensuring fair resource consumption.

“It’s important to encourage community participation and improve our indexing capabilities,” said Marcel Fohrmann, co-founder of Subsquid.

Read more: What are the best altcoins to invest in May 2024?

Subsquid is focused on making blockchain data more consistent and accessible. It also offers a customizable frontend, allowing developers to tailor data presentation to their specific needs.

“Our platform provides a solid foundation for developers to focus on innovation while handling data management challenges,” explained Mistry Zhelezov, CEO of Subsquid.

Therefore, the introduction of the SQD token aims to greatly simplify how developers integrate blockchain technology into their projects.

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025
Most Popular

Why is Amplifi the best tool for maximizing your profits?

April 6, 2024

US BITCOIN (BTC) Advantages and Disadvantages of Preliminary Preliminary

February 7, 2025

Blockchain developer Movement Labs attracts $38 million in VC investment

April 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.