SQD (SQD) Price, Charts & Market Data

SQD serves multiple purposes within the Subsquid Network ecosystem:

• Incentives for Network Operations: Workers who contribute storage and computation resources earn SQD as rewards. These rewards are calculated based on factors like uptime, data served, and delegated token amounts.

• Delegation and Staking: SQD tokenholders can delegate their tokens to workers, supporting reliable nodes and earning a share of the rewards.

• Query Resource Allocation: Users of the network lock SQD to access resources such as data queries. The locked tokens yield "compute units" (CU), which determine the query bandwidth available to the user.

• Governance: SQD tokenholders can participate in governance decisions, influencing protocol changes and resource allocation policies.

• Reward Pool and Ecosystem Growth: A fixed percentage of the SQD token supply is allocated to a rewards pool for incentivising network participation during the initial bootstrapping period. Future adjustments to token supply and reward mechanisms will be determined via governance.