Subsquid Community Sale / FAQs

When do I need to fund my purchase?

In order to be eligible to participate in the Subsquid Community Sale, you will need to fund your CoinList Wallet with the minimum purchase amount ($50 in USDT or USDC) before the registration deadline (January 15, 2024 at 12:00 UTC).


Additionally, your CoinList account must be fully funded with your desired purchase amount before you can complete a transaction in the Subsquid Community Sale. That means users must make sure to fund their wallets with their intended purchase amount before the sale starts on January 18 at 18:00 UTC. There will no longer be a funding period for your initial purchase after the sale ends. For more information, please refer to this blog post.


How will the sale work?

In order to be eligible to participate in the Subsquid Community Sale, users must fund their CoinList Wallets with the minimum purchase amount ($50.00) in either USDC or USDT before the registration deadline. 


Users who successfully registered for the community sale will receive an email with a unique link to enter the queue prior to the start of the sale. Please note that users should plan to fund their wallets with their intended purchase amount well in advance of the start of the sale.


All users arriving at the queue before the sale commencement will be placed in a waiting room. Please note that arriving at the waiting room early does not impact your position in the queue.


When the sale starts, users in the waiting room are assigned a random place in line, ahead of those who arrive after the sale starts. Users arriving after the sale starts get a first-come, first-served place in line after those in the waiting room.

How do I fund my purchase?

We will display payment information when you complete your registration for the Subsquid Community Sale. Eligible purchasers can pay with Tether (“USDT”) or USD Coin (“USDC”). Payments made in USDT or USDC will equate to the value of one United States Dollar ("USD") regardless of fluctuations in USDT or USDC.


There are no fees associated with purchasing tokens with USDC or USDT. You can deposit USDC and USDT into your CoinList Wallet anytime at https://coinlist.co/wallets.


What is the lock-up schedule for the Subsquid Community Sale?

Tokens sold in the Subsquid Community Sale are subject to the following lock-up:

  • 20% release at TGE followed by a 6-month linear vesting; TGE is expected to occur on or around May 15, 2024

What is Additional Allocation Request and is it possible to purchase more than the maximum amount of tokens?

Additional Allocation Request is a feature that allows sale participants who purchase the maximum amount of SQD tokens ($2,000.00) to submit a request to purchase an additional allocation of tokens. Tokens that are unsold will be randomly allocated to users who have submitted an additional allocation request after the sale. 


Participants in the Subsquid Community Sale may request up to $2,000.00 in additional tokens; however, CoinList cannot guarantee that your request will be fulfilled. Sale participants must fund their wallets with the intended payment method of USDC or USDT by January 25 at 11:59 UTC in order to receive an additional allocation. Learn more here.

Can I participate in the sale without going through KYC?

No. Anyone who wants to participate in the sale must complete KYC/AML (Know Your Customer/Anti-Money Laundering) checks.

Why can’t certain residents and citizens participate in the Subsquid Community Sale?

CoinList is committed to following all applicable regulatory guidelines. As a result, CoinList will not be able to offer SQD tokens for purchase during the Subsquid Community Sale to prospective participants in the United States (and its territories), Canada, China, South Korea, Cuba, Iran, Myanmar, Syria, as well as other unsupported jurisdictions.