Subsquid
Crypto Overview
Purpose and Utility
Subsquid is a data processing solution for Web3 projects. The SQD token is used for governance and to pay for services within the Subsquid Network, where node operators process blockchain data for customers. The network provides high-performance APIs and data indexing services essential for blockchain applications.
Business Model Assessment
The business model is focused on providing data infrastructure services to blockchain developers and projects. The revenue model is based on service fees paid in SQD tokens for data processing and API access. This model aligns with halal principles as it provides clear utility and involves the exchange of real services.
Real-World Adoption
Subsquid has demonstrated adoption within the blockchain ecosystem, particularly in the Polkadot and Ethereum ecosystems. The platform is being used by various blockchain projects for data indexing and API services, indicating legitimate utility.
Development Activity
The project maintains active development with regular updates to its technology stack. The GitHub repositories show consistent activity, and the team regularly releases technical updates and improvements to the platform.
Token Distribution and Vesting
The token distribution includes allocations for the team, ecosystem development, and network operations. Vesting schedules are in place for team allocations, showing consideration for long-term project sustainability.
Crypto Impact
To assign a comfort level investing in Subsquid 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 Subsquid.
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.