Blockchain data indexing platform Subsquid is going to be rolling out its token which is SQD this coming Friday. This is just the latest move by crypto indexing providers who have seen an influx in demand in the recent past.
The SQD token release has been “99% confirmed for Friday,” but Fohrmann indicated that pushback to the time period between next week and a week after is possible.
SQD aims to provide its users with a trustworthy and not partial blockchain network. It is one of the major advantages of this system as they can now conveniently arrange their on-chain data which is much easier for developers to use in the observation and interaction with different blockchain ecosystems. This manipulated data helps the developers and improves the quality of their experience dealing with the product.
Marcel Fohrmann, the co-founder of Subsquid, believes the most critical thing for long-term success is “supporting community engagement and maximizing product indexing.”
With this launch, it becomes easier to integrate blockchain for developers. As SQDs come up next to the growing demand for the efficient and trusted node necessitating access to blockchain data, this would eventually lead to the blockchain accelerating adoption.
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