Announcements GT Holder-Exclusive Airdrop: Gate.io Startup Initial Free Offering: Subsquid(SQD) and Announcement of Free Distribution Rules( 744,680 SQD free of charge)

GT Holder-Exclusive Airdrop: Gate.io Startup Initial Free Offering: Subsquid(SQD) and Announcement of Free Distribution Rules( 744,680 SQD free of charge)

2024-05-16 08:20:24 UTC 12769 Read

SQD/USDT -26.74%

[//]:content-type-MARKDOWN-DONOT-DELETE
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.

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup/1499" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Click to Subscribe</span></strong></div></a></div>

**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.

**How to Participate**
Log in to your Gate.io account → Navigate to the [Startup page ](https://www.gate.io/startup "Startup page ")→ Ensure your GT holding is no less than 10 GT → Participate in the subscription.

**Notes:**
1.Other rules remain unchanged, please refer to: https://www.gate.io/article/35343
2.New rules take effect from 00:00AM April 25th, 2024 (UTC+0). The Web version has been updated and please update your App to the latest version (6.2.0).
3.GateToken (GT) is the unique exchange token of Gate.io exchange and the native token to Gatechain public chain. Hold GT and claim exclusive free airdrops now: https://www.gate.io/trade/GT_USDT
4.Please adhere to the relevant rules of the event when participating. Any cheating behavior is prohibited. An occurrence of any dishonesty will result in the disqualification of the rewards.
5.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
6.Gate.io reserves all rights to the final explanation.
7.This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the [User Agreement](https://www.gate.io/user-agreement "User Agreement") for further details on Restricted Locations.

**Gate.io Labs Investment Disclosure**
Gate.io Labs did not invest in Subsquid(SQD).

**Attention**
(1) Please be noted that we may restrict or prohibit the use of all or a portion of the Services (including the participation in this event, game or competition) from Restricted Locations, including but not limited to the United Kingdom, United States of America, Mainland China, Singapore, Canada, France, Germany, Hong Kong, Lithuania, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Crimea Region, Spain, Luhansk, Donetsk, Netherlands, Bolivia and so on.

We may in our sole and absolute discretion elect to make the Services, or only part of the Services available in certain jurisdictions. For more information regarding the Restricted Locations, please read the User Agreement “[Section 2.3(d) Restricted Locations](https://www.gate.io/user-agreement "Section 2.3(d) Restricted Locations")”. We do not intend to solicit or conduct marketing towards customers in such Restricted Locations.
(2) Risk Warning:
-The project team does not guarantee that token price will not be lower than its startup sale price. Please invest with caution, and don’t invest beyond your financial capacity.
-The start-up project is still in its initial stage, factors including the operation and underlying technology of the project, and other related regulatory activities might contribute to significant risks.
-Advanced technical and financial knowledge is required to understand, and evaluate the inherent risks of crypto-asset investment.
-The market volatility is high, and the price of a token might fluctuate drastically due to technical, regulatory, and marketing factors.
-Users may not be able to withdraw all the purchased tokens due to technical issues of the project or Gate.io.
(3) Requirements for participants
-The participant should register on Gate.io and Log in;
-After logging in, complete user identity verification;
-Deposit a certain amount of cryptocurrencies in your gate.io account;
-Sign the Purchase Agreement on Startup before placing orders.

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Gate.io Team
May 16th, 2024

GT Holder-Exclusive Airdrop: Gate.io Startup Initial Free Offering: Subsquid(SQD) and Announcement of Free Distribution Rules( 744,680 SQD free of charge)

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