According to Foresight News, blockchain data indexer Subsquid is planning to launch its native token, SQD. The utility token is designed to support Subsquid's network of independent node operators, whose collective computational power can parse a large amount of on-chain data. Marcel Fohrmann, co-founder of Subsquid, stated that the release of the SQD token is 99% confirmed for Friday, but the date could be postponed to next week or the week after. The timing depends on a 'major exchange' planning to launch another token on Thursday.
In January, Subsquid sold $6.3 million worth of tokens to the public through CoinList.