SubQuery Network
Crypto Overview
Purpose and Utility
SubQuery Network is a data indexing protocol designed to serve as the foundational infrastructure for the Web3 ecosystem. It enables developers to query, index, and process blockchain data efficiently. The SQT token serves as the native utility token of the platform, used for payments between data consumers and indexers, as well as for network governance.
Business Model Assessment
The business model is based on providing essential infrastructure services for blockchain data management. Indexers stake SQT tokens to run nodes and are rewarded for providing reliable data services. The model is transparent and focuses on legitimate technological utility without involvement in prohibited activities.
Real-World Adoption
SubQuery has established partnerships with multiple blockchain projects, particularly in the Polkadot ecosystem. The platform is actively used by developers for data indexing and querying services, showing genuine utility implementation.
Platform Development
The project maintains active development with regular GitHub commits and protocol updates. The team consistently releases technical documentation and implementation guides, demonstrating ongoing platform evolution.
Token Distribution
The token distribution includes allocations for team members and early investors with standard vesting periods. While detailed token metrics are available, the distribution appears designed to support long-term project development rather than short-term profit-taking.
Crypto Impact
To assign a comfort level investing in SubQuery Network from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to SubQuery Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.