I think that we are definitely heading into some sort bull season... all the crowdsales, IEOs, and IDOs are all starting up again and they are coming thick and fast. I had mentioned that had a flurry of four quick Launchpools and had one a month ago as well.
Sadly, the last sale wasn't successful for me... I had reached the purchase page and then the website went down completely... sigh, this is starting to get mildly annoying as it is pretty much an expected thing that the servers will be overloaded and crash at some point in the sale now. I do remember a simpler time when it was just pop in, purchase, and pop out. All done within half an hour... anyway, enough old man griping.
This time, we have another infrastructure project with Subsquid network... so, lets take a look and see what it is!
Bah... innovative.... anyway, I'm afraid that a good chunk of this is slightly beyond my understanding, or perhaps it is a bit clumsily written in corporate hype-speak... but data indexing is definitely an important part of of the internet, both the open internet and blockchain networks... the ability to index and find information is critical. And as such, I'm pretty interested from an infrastructure point of view.
Subsquid does seem to be taking the modular approach to scaling that is the fashion of the moment... this does seem to be the way forward that many projects are now adopting for future growth, now that we have established that the singular monolithic projects are difficult to scale out indefinitely.
Well... this is pretty damn ambitious! They are really trying to shoot for the moon, and to try and replace the RPC and API providers. This has been a bit of a pain point in an otherwise decentralised system... that the RPC nodes are often controlled by centralised parties that need to be trusted that they are providing the correct information to the end users.
... and the best thing is that they are aiming to be network-agnostic... just data for all!
crowdsale follow a very familiar format. An initial allocation with a backup additional allocation if required. Prefunding is neccessary in an effort to wipe out multi-accounts and stablecoins are the only accepted purchase tokens/coins. No BTC/ETH like in years past!
So, for the SQD token itself... Nothing too unusual here. Definitely interesting that they have chosen to deploy on Ethereum mainnet, and operate on Arbitrum. This is further cementing the idea that Ethereum will be the main settlement layer, but all the interactions will take place in the L2/3 networks in order to preserve scalability and security.
Token release schedule has the allocation trailing the liquid treasury and vesting faster than the pre-seeds and earlier sale rounds. Not quite as fast as the BINANCE sales, but you are generally getting a pretty decently low price... well, depending on how the project turns out!
Solana, Ethereum, Pokadot, and Cosmos will be supported for the data intake and indexing... so, all the major generalised chains. Two year forward roadmap that seems to have most of the network up and running by the end of next year (2025).
So, this is the pretty impressive list of partners and supported chains... as well as the pre-seed investors who will be the ones who will be dumping on us later on!
No idea how this one will go, but Subsquid is definitely a project that targets the things that I'm interested in. Infrastructure tools... and critical ones at that. A further move away from centralised tools that provide information on decentralised networks... so, removing a potential weak pain point in the entire decentralised architecture of the future.
Hopefully the website and servers stay up long enough this time for me to purchase....
I can also be found cross-posting at:
Publish0x
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