Question 1

What is SQD?

Accepted Answer

SQD is the utility token of the Subsquid decentralized blockchain data network. It is used for mechanisms including node incentives, delegation, data-access rate adjustment, and governance. It is more than a trading asset: the network places node resource provision, participants locking or delegating tokens, and governance participation within the same token mechanism. Specific conditions are determined by the network rules and contracts in effect at the time.

Question 2

What SQD-related roles and components exist in the SQD Network?

Accepted Answer

The SQD Network is designed for blockchain data access: worker nodes provide resources, gateways perform access-related roles, and users obtain data services through the network. The official contracts repository lists worker bonds, gateway registration, and onchain reward distribution. These parts work together with distinct responsibilities: nodes supply resources, gateways complete registration, and rewards are distributed through onchain mechanisms. Therefore, SQD should be understood in connection with data-service roles, rather than as points detached from network services.

Question 3

What is a worker-node bond in the SQD Network?

Accepted Answer

A worker-node bond is an onchain requirement associated with worker-node participation: a node participates by posting a bond, linking the participation of resource providers to onchain rules. It differs from simply holding SQD because it applies to participants operating worker nodes. This arrangement works alongside the reward-distribution mechanism. Specific bond amounts and locking and disposition conditions may change with network versions or rules, so the current contracts and formal rules should prevail.

Question 4

What is the difference between delegated staking and worker-node bonds?

Accepted Answer

Delegated staking enables SQD holders who do not directly operate worker nodes to participate in the network's delegation mechanism; worker-node bonds correspond to the participation requirements of node operators themselves. Both are staking-related, but their roles differ. The official contracts list delegated staking and worker bonds separately, so delegators and node operators should not be conflated. Reward distribution, risks, and exit conditions depend on the rules in effect at the time, and fixed returns should not be assumed.

Question 5

How does locking SQD relate to data-access rates?

Accepted Answer

The whitepaper connects locking SQD with adjusting data-access rates: locking is not merely holding tokens, but a mechanism for configuring the speed of access to data-network resources. Its logic is to connect finite resources with verifiable token-locking relationships. Specific rate formulas, thresholds, and applicable objects are rule parameters that may change; without current evidence, historical figures should not be treated as fixed commitments.

Question 6

What is SQD used for in governance?

Accepted Answer

SQD can be used for network governance, meaning participation in governance mechanisms that affect network rules and direction. Its governance use is connected to node incentives, delegation, and data-access mechanisms because rules affect how different participants use the network. Being able to participate in governance does not mean every holder automatically has the same fixed direct rights; proposals, voting eligibility, vote counting, and execution still depend on the applicable governance process.

Question 7

How does network usage relate to SQD's market performance?

Accepted Answer

SQD's network uses may affect usage demand or tradable supply: when the rules are actually in force and participants adopt them, node incentives, delegation, access rates, and governance may require the use or locking of tokens. This does not constitute a price guarantee. More data requests may not translate into SQD buying demand; if access mechanisms, participation structures, token releases, or market selling pressure change, market performance may also differ from network activity.

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