Introducing $QUID

This is not a drill, although it feels like a dream. This is REAL.

It has been four years since ideation and three years since the launch of Squid in 2023. Since then, Squid has processed over $6 billion in volume for over 1 million users. Squid is trusted by 1,000+ integrators across 100+ chains for cross-chain functionality.

And today, we introduce you to Squid’s forever token: $QUID.

$QUID is the native token of Squid and marks an important milestone for Squid as we continue to expand as a product, ecosystem, and interoperability infrastructure. $QUID is intended to support participation in and engagement across the Squid ecosystem.

$QUID will become available next week through the Squid Public Sale. You will be able to request an allocation of $QUID through the following sale platforms: Kraken and Legion. We’ve provided all information and resources you need for the Squid Public Sale in this blog.

Whether you have known Squid since the beginning, or have just learned our name today, we welcome you to sit back, relax, and enjoy learning about $QUID and the Squid Public Sale:

Believe in crypto, believe in Squid

We asked if you believe in crypto. What we really meant was: have you ever believed in crypto?

Squid has been in this for as long as you have, even if you stopped believing some years ago. Even if you were burnt by Terra, had your funds frozen by FTX, were rugged by NFTs (more than once), or had your wallet drained and dreams crushed.

Squid was built on the belief that shortcuts were not long term solutions, and that interoperability might be a challenge – but it was the right one for us.

No matter where you look – the founding conviction of Squid still stands today. And as anticipated, it has only grown in necessity over the years. Because wherever there is one project, chain, or ecosystem, there is another that needs to be connected… and then another. Squid does this securely, efficiently, and cost consciously.

Even if you never trade another memecoin, join another project’s Discord server, or even visit our frontend app to bridge tokens across chains, it’s likely that you will still end up using Squid again. Whether it’s a crypto app, defi wallet, or even a payments platform for RWAs – Squid will be wherever we can to ensure your experience is seamless.

That’s what we believe.

The $QUID Token

$QUID: the native token of Squid, otherwise known as Squid’s Forever Token.

Whole. Real. Yours. Ours. Forever.

The scale is real, the math is fixed, and the utility is connected. With $QUID you get what you see, because this is the token it was designed to be:

$QUID Tokenomics and Utility

Additional information regarding $QUID tokenomics and key token details will be released this Saturday, on June 27, 2026. In the meantime, please refer to the below visual for details and stay tuned for updates.

$QUID Utility at First Glance

Features such as staking, governance, buyback mechanisms, and planned in-app functionality may be introduced or modified over time, subject to governance and applicable constraints.

More details regarding $QUID functionality will be released in the coming weeks. Please stay tuned for specifics.

Squid Public Sale

The Squid Public Sale is the first opportunity to participate in the distribution of $QUID. Eligible participants will be able to submit a pledge through Kraken or Legion and request an allocation of $QUID during the sale period. Below are key details of the sale:

Two platforms: How to choose the best one for you?

It is true that participation in the Squid Public Sale will be accessible through not one, but two sale platforms. Good news is, choosing which one should be an easy decision!

Legion: On Legion, allocation may take into account past Squid usage, Squid community participation, Legion account information, and Legion score. Eligible Squid users and community members can submit their Squid activity history and Legion ID through the Squid Priority Allocation Form before July 3, 2026 at 1:00PM UTC to be considered for priority allocation. For more information and details from Legion, please refer to the below:

Kraken: On Kraken, allocation is managed separately by Kraken and may be based on Kraken account activity and other criteria determined by Kraken. Visit the links below for more information and details from Kraken:

Squid Priority Allocation

Priority allocation is a merit-based mechanism where eligible Squid users and community members may be considered for a higher proportion of their requested $QUID allocation if the Legion sale is oversubscribed.

If you have used Squid before, have participated in past Squid campaigns, or have interacted with Squid on socials, please submit your Squid Priority Allocation Form via our Public Sale site: sale.squidrouter.com/submit-history.

Priority allocation does not guarantee:

Learn More

Learn more about $QUID and the Squid Public Sale:

What next?

$QUID is a token, just as it is a labor of love and a celebration of our early-stage growth. We wouldn’t be here without the users, community members, integrators, and supporters who have been with us every step of the way, cheering us on during launches and moments of success, and understanding us during moments of frustration, confusion, and even burnout.

Here at Squid we hold ourselves accountable each and every day – to build, to grow, to listen and to create, and to always understand. This is new territory for us, and while we couldn’t be more excited about $QUID, we also hold our breath in anticipation for your response.

So, dear friends, we have a request: please be kind… to yourself, to us, to one another. Your feedback is valued, your thoughts heard, and your overall support a motivation for the entire Squid team. Kindness fuels Squid, as a team, a product, an ecosystem, and now as a token, too.

We look forward to this next chapter at Squid. The one with $, followed by QUID – to bring you $QUID.

Full token details will be released this Saturday, June 27th. In the meantime, we’ll be sharing more information about $QUID and the Squid Public Sale in the coming days, so stay tuned.

Please Note

This blog is provided for educational and informational purposes only. This is not investment advice or a recommendation or solicitation for on-chain participation in any mentioned chains, tokens, or assets. Please do your own research before swapping any on-chain assets.

About Squid

Squid is the leading cross-chain platform, delivering unlimited access to blockchains and digital assets for both users and builders alike. Since 2023, Squid has processed over $6 billion in volume. Its frontend bridge app has served over 1 million users, and its powerful API, SDK, and Widgets are trusted by more than 1,000 teams worldwide.

About $QUID

$QUID is the native token of Squid, a cross-chain platform that enables access to 20k+ tokens across 100+ blockchains. $QUID marks an important milestone for Squid, which has been operating since 2023 and has processed over $6 billion in volume for more than 1 million users. As Squid continues to expand its product, ecosystem, and interoperability infrastructure, $QUID is intended to support participation in and engagement with the Squid ecosystem.