Subsquid is gearing up to introduce its SQD token, designed to augment its decentralized blockchain indexing services. With a backing of $17 million from venture capitalists, SQD will first roll out on the Ethereum mainnet before expanding to other networks like Arbitrum One. The launch aims to facilitate more efficient data organization by node operators and improve developer interaction with blockchain ecosystems. Subsquid's move is set to empower community engagement and refine the platform's indexing capabilities.
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