TechFlow News, according to CoinDesk, Marcel Fohrmann, co-founder, said the native token SQD of blockchain indexing service Subsquid is scheduled to launch this Friday and list on multiple cryptocurrency exchanges. The token aims to support Subsquid's network of independent node operators, whose collective computing power can parse large volumes of on-chain data. According to the press release, Subsquid sold $6.3 million worth of tokens to the public via CoinList in January.
Fohrmann added that the SQD token launch is "99% confirmed" for Friday, but the date could be delayed until next week. He said the timing depends on "a major exchange" planning to launch another token on Thursday.
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