Subsquid, a revolutionary Web3 data access layer, has announced its SQD token will be listed on top cryptocurrency exchanges, including (link unavailable), Bybit, KuCoin, CoinList, and MEXC Global, starting May 17, 2024. This simultaneous listing marks a significant milestone for Subsquid, following a successful token sale on Coinlist that raised $6.3 million.

The SQD token is vital to the Subsquid ecosystem, enabling infrastructure providers to align their incentives and rewarding node operators for their computational and storage resources. Additionally, SQD facilitates node curation and supports protocol governance. With its listing on tier-one exchanges, SQD will become more accessible, increasing liquidity and availability for users.

Marcel Fohrmann, Co-Founder of Subsquid, expressed excitement about the token's listing, stating, "We've worked tirelessly to bring Subsquid to market and onboard hundreds of worker nodes. Our network enables trustless and permissionless access to on-chain data, paving the way for fully decentralized web3 dapps and analytics." The listing of SQD on international exchanges will further decentralize Subsquid's network, making it more accessible to web3 users worldwide.

As SQD holders gain more opportunities to utilize Subsquid's protocol and participate in its permissionless data economy, the token's listing marks a significant step towards empowering decentralized web3 applications and analytics. With its innovative approach to data access, Subsquid is poised to revolutionize the web3 landscape.