We are happy to announce the listing of $SQD. Starting on Thursday, 19th June 2025, at 12 PM CET. LCX Exchange will support the $SQD. Deposits will start on – Thursday, 19th June 2025, at 12 PM CET, and the trading pair $SQD /EUR will be listed.
About SQD
The SQD token is a critical component of the SQD ecosystem. Use cases for the SQD token are focused on streamlining and securing network operations in a permissionless manner:
- Alignment of incentives for infrastructure providers: SQD is used to reward node operators that contribute computation and storage resources to the network.
- Curation of network participants: Via delegation, the SQD token design includes built-in curation of nodes, facilitating permissionless selection of trustworthy operators for rewards.
- Fair resource consumption: By locking SQD tokens, consumers of data from the decentralized data lake may increase rate limits.
- Network decision making: SQD tokenholders can participate in governance, and are enabled to vote on protocol changes and other proposals.
The SQD token’s innovative curation component allows the SQD community to delegate SQD to Node Operators of their choice, ensuring trustlessness. SQD’s utility as a tool for adjusting rate limits is unique in increasing trustless performance, by locking SQD tokens, without having to pay a centralized provider for quicker or more efficient data access.
Users can sign up for an LCX Account here
Start Trading $SQD
Launch LCX ExchangeDeposits: Deposits open on Thursday, 19th June 2025, at 12 PM CET
Pair Listing Details:
$SQD /EUR starting on Thursday, 19th June 2025, at 12 PM CET
How to deposit $SQD?
Go to LCX Accounts > Wallet
Scroll down to $SQD
Click on the “Deposit” tab next to $SQD
Your deposit address will be displayed on the screen.
Send $SQD to this address.
This content is provided for informational purposes only and does not constitute financial, legal, or investment advice. The buying, selling, and trading of cryptocurrencies and digital assets involve significant risk and may result in the loss of your entire investment. Always conduct your research and consult a qualified advisor before making financial decisions. LCX is a regulated entity operating in accordance with the Liechtenstein Blockchain Act. It has approvals for roles including token generator, token issuer, and exchange service provider. LCX provides technology and compliance infrastructure for digital asset services.
