#Binance Alpha New Token Research — Squid ( $QUID )
1⃣ Project Overview
@SquidRouter is a cross-chain routing and cross-chain swapping infrastructure project. Its core function is to help users complete Swap, Bridge, Send, and cross-chain calls between different chains.
2⃣ Token Information
Token symbol: $QUID
Issuing chain: Base
Contract address: 0x1a44233FAe8D50F1AeB3a5d58dd426ff4814Cb53
Total supply: 1,000,000,000 QUID
Whether additional issuance: Fixed total supply, no additional minting
Estimated TGE time: 8:00 PM on August 4th, Binance Alpha first launch
3⃣ Token Allocation
Investors: 30.39% (TGE unlock: 0%)
Team & advisors: 23.95% (TGE unlock: 0%)
Strategic partners: 10.00% (TGE unlock: 0%)
Public sale: 5.00% (TGE unlock: 100%)
Ecosystem growth: 7.50% (TGE unlock: 93%)
Foundation treasury: 23.16% (TGE unlock: 10%)
4⃣ Financing Background
According to official disclosures, Squid has raised approximately $13.5 million in total. Investors include North Island Ventures, Polychain Capital, Nomad, Distributed Global, Ripple Labs, Chapter One, Dialectic, and others.
Investors, the team, and strategic partners do not unlock at TGE; there is a 12-month cliff. This is positive for sell-pressure around the initial launch.
However, the ecosystem growth portion has large unlocks, and the Foundation Treasury also has 10% to unlock. So it’s not completely low-circulating with no sell-pressure.
5⃣ Token Distribution Share
Public price: $0.045
Public sale FDV: $45M
Public sale amount: 50,000,000 QUID, representing 5% of the total supply
Initial circulating at TGE: 14.32%, corresponding to about 143M QUID
Opening FDV valuation of $45M–$80M is relatively reasonable
If the opening FDV directly jumps to $150M–$300M, it could be easily crushed by public sale and airdrop allocations
6⃣ Potential Risks & Catalysts
Catalysts: Squid’s quality is clearly higher than most ordinary Binance Alpha projects. It has a real product, real transaction volume, real integration partners, and also investment background from Polychain, Ripple Labs, etc.
Potential Risks: The key risk lies in initial TGE circulating supply, ecosystem unlocks, full unlock for the public sale, and volatility in Alpha sentiment. Over the medium to long term, it depends on whether $QUID can truly capture Squid’s revenue, routing volume, and ecosystem permissions.
#Squid