$QUID Public Sale Closed: Results, Allocations & What Happens Next

The $QUID Public Sale has closed after reaching and exceeding its cap. Learn about final allocations, refunds, and what’s next ahead of TGE.

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July 3, 2026

$QUID Public Sale: What Next?

$QUID Public Sale: What Next?

The $QUID Public Sale has officially closed. We are incredibly grateful for everyone who showed up to support Squid in pledges and in words. You all are a driving force for what we do, and we couldn’t do it without you. Thank you.

We set a hardcap of $2.25M, which was hit on day 2 and doubled by day 3. In just 72 hours, $26,666,413 was committed, meaning the $QUID Public Sale was 11.9x oversubscribed. Here are some key milestones of the sale and what to expect next.

Sale Milestones

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Softcap of $1,000,000 hit on Day 1
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Hardcap of $2,250,000 hit on Day 2
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3,542 participants
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Final committed capital: $26,666,413
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Sale 11.9x oversubscribed
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2,667% of $1,000,000 soft cap target

What Next?

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Final allocations are revealed next Wednesday, July 8, 2026
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Sale platforms will begin the refund process for uncommitted funds after allocations are revealed on July 8, 2026
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Tokens will be distributed at TGE which is anticipated for Q3, with an official date to be announced

Important Reminders

Because the sale is oversubscribed, participants may receive less than they committed. Final allocations are determined by each platform's allocation process, and the sale is pro-rata: commitments are scaled down so the total fits the $2.25M hardcap.

How scaling works depends on the platform, as described below.

Kraken Allocation Process

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Kraken scores all pledges with their own merit-based system and allocation is based on factors that reward genuine, long-term participation. Factors that may improve your score include Kraken+ subscription, account age, trading and custody activity, FOMO Multiplier (boost if you were not selected in the previous sale), and HODLer bonuses (holding tokens from previous Kraken Launch sales for 30/90/180 days).
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Around 80% of tokens are allocated to the Preferential group, and 20% to a random selection. If demand exceeds supply, the random portion may be adjusted to maintain fairness.

Legion Allocation Process

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Legion allocations factor in priority allocation for eligible Squid users alongside Legion's own scoring. Priority is based on Squid activity: onchain usage across wallets (including through integrators), participation in past campaigns, and community activity on Discord and X.
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Up to 5% of Squid's Legion allocation is set aside for The Republic, Legion's community program. Eligible Republic members earned Valor Points (VP) by completing missions. Each VP equaled one entry into a randomized draw for a chance at a $QUID allocation. The Republic campaign ended on July 3, 13:00 UTC, with the draw happening shortly after. The winners will be notified and included in the final allocation calculations.

We are now in the process of reviewing applications submitted through Legion. Each submission will be looked at and considered. Details submitted through the Squid Priority Allocation Form (including wallet addresses and social accounts) will be considered alongside onchain history and community records.

If you’re just discovering Squid through the sale, priority scoring isn’t the only route. We’re reading every cover letter submitted through Legion. All applications are reviewed by real people, not just an algorithm. We are thrilled to welcome newcomers who are genuinely interested in Squid, just as we celebrate those existing users and members.

Once allocations are revealed, we will be sharing more about the allocation process and our key takeaways.

When is TGE?

TGE is planned for Q3. We know the exact date is the thing everyone wants, and it's something we want to be transparent about. As soon as it's set, you'll hear it from us first through official channels.

Stay Safe

Post-sale is prime time for scammers. A few things we want every participant to know:

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The Squid team will not DM you. Do not click any links that seem suspicious.
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There is nothing to claim right now. No claim links, no connect-wallet steps, no "verify your allocation" pages exist.
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Allocation information comes only from Legion, Kraken, and Squid's official channels.

If something feels off, it is. Don't connect your wallet to anything claiming to be $QUID-related before TGE.

Have questions? Ask us directly via the chat box at support.squidrouter.com. We'll continue updating the FAQ on the Sale Page as we receive commonly asked questions.

Please Note

This crypto-asset marketing communication has not been reviewed or approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset marketing communication.

A crypto-asset whitepaper for $QUID has been published. The offeror and person seeking admission to trading is Squid (BVI) Ltd. For more information, visit: https://www.squidrouter.com/. Tel: +44 7347334617. Email: [email protected].

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.