SubQuery Network

SubQuery Network stands as a vital blockchain developer toolkit and the backbone of Web3 infrastructure, bridging the gap between layer-1 blockchains and decentralised applications (dApps). With its open-source indexing protocol, SubQuery enables seamless organization of blockchain data and delivers it efficiently via GraphQL. Developers can bypass the complexities of backend development, focusing on building their core products with the SubQuery SDK that abstracts away blockchain-specific data idiosyncrasies. At the heart of this ecosystem lies the $SQT token, the utility token that powers the SubQuery Network and underpins its decentralized operations. Rooted in three primary use cases, the tokenomics model is carefully designed to ensure a sustainable, incentivized, and community-driven ecosystem: 1. **Incentive Mechanism**: $SQT creates a robust reward system for Delegators and Indexers (node operators), ensuring efficient indexing and data hosting, which are foundational to SubQuery’s operations. This mechanism establishes a fair, decentralized approach to maintaining network reliability and performance. 2. **Marketplace Utility**: As a medium of exchange, $SQT facilitates transactions within the SubQuery Network’s open marketplace. Developers, dApps, and other users interact seamlessly, accessing indexer services, querying solutions, and more by leveraging $SQT in an interconnected ecosystem. 3. **Protocol Governance**: $SQT empowers token holders with governance rights, enabling active participation in critical protocol decisions, including upgrades, technical changes, and developments. This community-involved approach ensures that the network evolves based on decentralized consensus. Designed to serve as a foundational layer in Web3 development, SubQuery Network holds a competitive edge with its scalability, cross-chain compatibility, and user-focused tools. The marketplace model opens doors to third-party collaborations, fostering a thriving ecosystem of dApps, developers, and blockchain innovators. SubQuery Network’s $SQT tokenomics exemplify a well-rounded, utilitarian approach, positioning it as a critical enabler within the growing blockchain infrastructure sector. By simplifying data queries and offering a decentralized, token-driven protocol, SubQuery continues to establish itself as a cornerstone for the future of Web3, fostering collaboration, innovation, and scalability. Explore more of SubQuery's groundbreaking advancements at [SubQuery Network](https://subquery.network/).