SubQuery Network

SubQuery, the pioneer of fast, flexible, and scalable decentralised infrastructure, is gearing up for the upcoming Public Sale, which will take place on Tuesday, the 30th of January 2024 at 8am UTC (<a href="https://savvytime.com/converter/utc-to-pst-est-united-kingdom-london-cet-eest-msk-united-arab-emirates-dubai-india-new-delhi-ict-cst-asia-kst-aedt-nzst/jan-30-2024/8am?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">view in your timezone</a> or add to your <a href="https://calendar.google.com/calendar/render?action&#61;TEMPLATE&amp;dates&#61;20240130T080000Z%2F20240131T080000Z&amp;details&#61;SubQuery%2C&#43;the&#43;pioneer&#43;of&#43;fast%2C&#43;flexible%2C&#43;and&#43;scalable&#43;decentralised&#43;infrastructure%2C&#43;is&#43;thrilled&#43;to&#43;announce&#43;the&#43;forthcoming&#43;Public&#43;Sale&#43;and&#43;launch&#43;of&#43;the&#43;SubQuery&#43;Network&#43;token&#43;%28SQT%29&#43;to&#43;take&#43;place&#43;on&#43;Tuesday&#43;30th&#43;January&#43;2024&#43;%288am&#43;UTC%29.%0A%0AThe&#43;SubQuery&#43;Network&#43;mainnet&#43;will&#43;launch&#43;shortly&#43;after&#43;the&#43;SQT&#43;public&#43;sale&#43;is&#43;completed&amp;location&#61;sale.subquery.network&amp;text&#61;SubQuery&#43;SQT&#43;Public&#43;Sale&amp;ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">Google</a> or <a href="https://outlook.live.com/calendar/0/action/compose?allday&#61;false&amp;body&#61;SubQuery%2C&#43;the&#43;pioneer&#43;of&#43;fast%2C&#43;flexible%2C&#43;and&#43;scalable&#43;decentralised&#43;infrastructure%2C&#43;is&#43;thrilled&#43;to&#43;announce&#43;the&#43;forthcoming&#43;Public&#43;Sale&#43;and&#43;launch&#43;of&#43;the&#43;SubQuery&#43;Network&#43;token&#43;%28SQT%29&#43;to&#43;take&#43;place&#43;on&#43;Tuesday&#43;30th&#43;January&#43;2024&#43;%288am&#43;UTC%29.%0A%0AThe&#43;SubQuery&#43;Network&#43;mainnet&#43;will&#43;launch&#43;shortly&#43;after&#43;the&#43;SQT&#43;public&#43;sale&#43;is&#43;completed&amp;enddt&#61;2024-01-31T08%3A00%3A00%2B00%3A00&amp;location&#61;sale.subquery.network&amp;path&#61;%2Fcalendar%2Faction%2Fcompose&amp;rru&#61;addevent&amp;startdt&#61;2024-01-30T08%3A00%3A00%2B00%3A00&amp;subject&#61;SubQuery&#43;SQT&#43;Public&#43;Sale&amp;ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">Outlook</a> calendar).The Public Sale is an opportunity for our community to purchase the SubQuery Token (SQT). The launch of SQT is the next step in the decentralisation of our innovative decentralised infrastructure service, and is a utility token that powers the SubQuery Network with three main use cases:<ul><li>To act as a medium of exchange on the network marketplace;</li><li>To create a reward incentive mechanism for Delegators, Consumers, on and Node Operators (data indexers and RPC providers);</li><li>To facilitate governance within the protocol.</li></ul>The SubQuery Foundation has a <a href="https://subquery.foundation/sale?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">dedicated sale page with all sale details</a>. At the time of the sale, this page will direct you to the funds processing and purchase UI. The website will be kept up to date with any new developments.<h3 id="summary-of-sale-terms">Summary of Sale Terms </h3>Firstly, SubQuery will go public at a valuation of US$120 million. We’ve specifically chosen this valuation after discussion with partners and our investors to both accurately show the huge progress that SubQuery has made over the <a href="https://blog.subquery.network/subquery-chronicles-reflecting-on-our-remarkable-journey" rel="noopener noreferrer nofollow">past years</a>, while still allowing for significant upside for all public sale participants. This means that there will be 4.17% of the total supply available for sale, with a public sale token price of US$0.012.Secondly, we’ve adjusted the sale structure slightly to allow us to better maximise the distribution of SQT to our community, especially since our whitelist has grown substantially over the years. Both pools will start at the same time (30th January 2024, 8 am UTC), but now the Whitelist Pool will only run for 8 hours at which any unsold SQT from the Whitelist Pool will be moved to the public pool after 9 hours (at the team&#39;s discretion).We’re excited that all those who purchase SQT in the public and past private sales will be airdropped SubQuery Network Genesis NFTs. Holders may enjoy exclusive access to new product releases, priority in future community events across the ecosystem of SubQuery and its partners, and more.<h3 id="tokenomics">Tokenomics</h3>Token Distribution PlanSubQuery will initially mint a supply of 10 Billion SQT. There will be a small rate of inflation (~1.3% annual) in which tokens will be distributed as network rewards and also fund network stimulus programmes and mainnet incentives from the SubQuery Foundation Treasury.From the start, SubQuery has been focused on building value within the community and this aim continues with the largest allocation of tokens being apportioned to the Community and SubQuery Foundation for various programmes and mainnet incentives.The Foundation will administer the governance and growth of the ecosystem and the ownership of the SubQuery Network will come under the SubQuery Foundation initially. This allocation also includes consideration for future investment into the development and operations of the Network, and key ecosystem growth drivers. This will include tools such as grants and ecosystem incentives/events as well as other marketing activities including bug bounties and mainnet incentives.Early investors in previous private investment rounds have a combined allocation of 34.8%. SubQuery is grateful for their early support and commitment to help us through the initial phase of SubQuery.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4eba590e30d04d04b86a3618895df1d3.png" />Token Vesting ScheduleThe graphic below illustrates the release of the SQT tokens to each participant over time culminating in the full circulation of tokens occurring 5 years (60 months) after launch.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/fe5aab3e9b9c4825be14bcb699c3ff0f.png" />The vesting schedules for each participant have been designed to create long-term value for the project and generate confidence in token-holders. Perhaps most significantly, the core team will have a 24-month lock-up period which will then vest over another 24 months while some Public Sale participants can freely use the utility of their token upon launch.The Foundation and Community will have approximately 20% of the allocation unlocked from the start (as part of mainnet incentives) to meet the operational needs of launching and promoting the SubQuery Network with the rest of the allocation vesting gradually over 5 years.<h3 id="key-sale-details">Key Sale Details</h3>When: Tuesday, 30 January 2024, 8 am UTC (<a href="https://savvytime.com/converter/utc-to-pst-est-united-kingdom-london-cet-eest-msk-united-arab-emirates-dubai-india-new-delhi-ict-cst-asia-kst-aedt-nzst/jan-30-2024/8am?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">view in your timezone</a> or add to your <a href="https://calendar.google.com/calendar/render?action&#61;TEMPLATE&amp;dates&#61;20240130T080000Z%2F20240131T080000Z&amp;details&#61;SubQuery%2C&#43;the&#43;pioneer&#43;of&#43;fast%2C&#43;flexible%2C&#43;and&#43;scalable&#43;decentralised&#43;infrastructure%2C&#43;is&#43;thrilled&#43;to&#43;announce&#43;the&#43;forthcoming&#43;Public&#43;Sale&#43;and&#43;launch&#43;of&#43;the&#43;SubQuery&#43;Network&#43;token&#43;%28SQT%29&#43;to&#43;take&#43;place&#43;on&#43;Tuesday&#43;30th&#43;January&#43;2024&#43;%288am&#43;UTC%29.%0A%0AThe&#43;SubQuery&#43;Network&#43;mainnet&#43;will&#43;launch&#43;shortly&#43;after&#43;the&#43;SQT&#43;public&#43;sale&#43;is&#43;completed&amp;location&#61;sale.subquery.network&amp;text&#61;SubQuery&#43;SQT&#43;Public&#43;Sale&amp;ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">Google</a> or <a href="https://outlook.live.com/calendar/0/action/compose?allday&#61;false&amp;body&#61;SubQuery%2C&#43;the&#43;pioneer&#43;of&#43;fast%2C&#43;flexible%2C&#43;and&#43;scalable&#43;decentralised&#43;infrastructure%2C&#43;is&#43;thrilled&#43;to&#43;announce&#43;the&#43;forthcoming&#43;Public&#43;Sale&#43;and&#43;launch&#43;of&#43;the&#43;SubQuery&#43;Network&#43;token&#43;%28SQT%29&#43;to&#43;take&#43;place&#43;on&#43;Tuesday&#43;30th&#43;January&#43;2024&#43;%288am&#43;UTC%29.%0A%0AThe&#43;SubQuery&#43;Network&#43;mainnet&#43;will&#43;launch&#43;shortly&#43;after&#43;the&#43;SQT&#43;public&#43;sale&#43;is&#43;completed&amp;enddt&#61;2024-01-31T08%3A00%3A00%2B00%3A00&amp;location&#61;sale.subquery.network&amp;path&#61;%2Fcalendar%2Faction%2Fcompose&amp;rru&#61;addevent&amp;startdt&#61;2024-01-30T08%3A00%3A00%2B00%3A00&amp;subject&#61;SubQuery&#43;SQT&#43;Public&#43;Sale&amp;ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">Outlook</a> calendar);Where: <a href="https://subquery.foundation/sale?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">https://subquery.foundation/sale</a>;Structure: The sale will have two distinct pools that will start at the same time:<ul><li>General Public Pool will be available for everyone on a “first come, first served” basis for 24 hours, with individual purchase limits of US$50-$3,000. Any unsold SQT from the Whitelist Pool will be moved to this pool after 9 hours; and</li><li>Whitelist pool will only be available for the whitelisted participants and offer guaranteed allocation with individual purchase limits of US$50-$500. Please note that whitelisted participants can also participate in the public pool if they seek a higher purchase limit. The pool will only be open for 8 hours, at which time any unsold amounts will be moved to the public pool;</li></ul>SQT Public Sale Valuation: ~ US$120,000,000 ($120 Million);Price per SQT token: US$0.012;SQT amount for sale: 4.17% of total supply;Total SQT supply: 10 billion SQT;Bonus Genesis NFT:  All those who purchase SQT in the public and past private sales will be airdropped SubQuery Network Genesis NFTs. Holders may enjoy exclusive access to new product releases, priority in future community events across the ecosystem of SubQuery and its partners, and more;Accepted currencies: USDT and USDC on Ethereum, Arbitrum, and BNB Chain (via Metamask or WalletConnect);Token distribution: SQT distribution to successful participants will take place at TGE a few weeks after the Public Sale. There will be no tokens available at the Public Sale;KYC: All participants must pass KYC (photo ID and liveness checking);Prohibited jurisdictions: USA, China, New Zealand, Philippines, Iran, North Korea, Syria, Cuba, etc;Duration: 24 hours for the public pool or until sold out. 8 hours for the whitelist pool.<h3 id="resources">Resources</h3><ul><li>SubQuery Sale Page:  <a href="https://subquery.foundation/sale?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">https://subquery.foundation/sale</a></li><li>SubQuery Network Website: <a href="https://subquery.network/?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">https://subquery.network</a></li><li>SubQuery Social Media Linktree: <a href="https://linktr.ee/subquerynetwork?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">https://linktr.ee/subquerynetwork</a></li><li><a href="https://academy.subquery.network/subquery_network/introduction.html?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">Token Economic Model Explainer</a></li></ul><h3 id="strong-about-subquery-strong">About SubQuery</h3>SubQuery Network is innovating web3 infrastructure with tools that empower builders to decentralise the future. Our fast, flexible, and open data indexer supercharges dApps on over 150 networks, enabling a user-focused web3 world. Soon, our Data Node will provide breakthroughs in the RPC industry, and deliver decentralisation without compromise. We pioneer the web3 revolution for visionaries and forward-thinkers. We’re not just a company — we’re a movement driving an inclusive and decentralised web3 era. Let’s shape the future of web3, together.​​<a href="https://linktr.ee/subquerynetwork?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">Linktree</a> | <a href="https://subquery.network/?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">Website</a> | <a href="https://discord.com/invite/subquery?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://t.me/subquerynetworkcommunity?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://twitter.com/subquerynetwork?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://blog.subquery.network/?lng&#61;en" rel="noopener noreferrer nofollow">Blog</a> | <a href="https://medium.com/&#64;subquery?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">Medium</a> | <a href="https://www.linkedin.com/company/subquery?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">LinkedIn</a> | <a href="https://www.youtube.com/c/SubQueryNetwork?ref&#61;blog.subquery.network" rel="noopener noreferrer nofollow">YouTube</a>

SubQuery Announces SQT Public Sale Terms

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SubQuery

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