SubQuery is the leader in data indexing solutions and proudly announces that SubQuery Network’s launch will take place on Acala. SubQuery and SQT will aim to become the first Acala-launched external applications and tokens.
SubQuery had to find a host parachain as the SubQuery Network’s development accelerates faster than our public-incentivised network. SubQuery looked at a number of options and ultimately decided to launch its DeFi protocol, which is based on Polkadot. These three factors were the main motivators for SubQuery to join Acala’s launch team: domain/technical excellence, community access and our strong existing relationship.
A key factor for SubQuery’s decision was Acala’s upcoming EVM+ launch. SubQuery’s puts its community first, both developers building future SubQuery projects, and investors that want to be a part of the decentralised data revolution. By launching on an EVM compatible chain, SubQuery’s token generation event (TGE) will seamlessly allow participation by investors into SQT from the ecosystem through the use of Metamask. With Acala’s EVM+ users can even link their Ethereum addresses with their Polkadot addresses, overcoming the need to manage multiple accounts.
Acala is known across the world for their technical expertise in the Polkadot ecosystem, and SubQuery will work closely with the core Acala development team to help deploy the first version of the SubQuery Network as a smart contract in Acala’s EVM+. During our incentivised test network launch SubQuery will be pushing Acala’s EVM+ to the limit with performance and load testing to make sure that it will scale to billions of daily API requests.
SubQuery’s CEO and founder, Sam Zou commented
“We have ambitious growth plans, but our home will always be Polkadot. By partnering with Acala, the best DeFi platform on Polkadot, we have absolute confidence in their ability to help us not only in our token launch, but also in future areas such as micropayments for indexers across networks.”
Acala and SubQuery share the same vision of helping the Polkadot ecosystem grow and moving towards decentralisation. Both projects have been in a long-standing relationship since the beginning of SubQuery. The two projects recently collaborated on an Encode Club hackathon. They also operated Acala SubQuery Projects, which track the data generated on Acala/Kura.
Bette Chen explained the story of Acala’s Co-Founder.
“Acala will play the role of DeFi hub for Polkadot and a landing pad that aggregates assets and liquidity from a variety of blockchains. We are excited to be able to continue our close relationship with SubQuery and launch the SQT token and SubQuery smart contracts on our platform.”
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