$QUID is the native token of Squid. This article provides an overview of $QUID utility and tokenomics, including total supply, allocation, vesting, and the ecosystem functions $QUID is designed to support.

For an introduction to $QUID, see: What is $QUID? Everything you need to know about the native token of Squid.

$QUID at a glance

$QUID Tokenomics

Token supply

$QUID has a fixed total supply of 1,000,000,000 tokens. Genesis supply equals maximum supply: there is no further minting, and no validator or emission rewards are allocated. Allocations are fixed at TGE and sum to 100% of total supply.

Token allocation

Vesting schedule

All insider tokens (Investors, Team, Strategic Partners) are subject to a 12-month cliff with no TGE unlock, followed by linear vesting enforced by smart contracts.

Public Sale tokens are 100% unlocked at TGE with no vesting or lock-up. All insider tokens (Investors, Team, Strategic Partners) are locked for 12 months following TGE.

Token emission schedule

Below is the token emission schedule for $QUID, which demonstrates the rate and timeline at which $QUID tokens will be released into the circulating supply.

$QUID Utility

$QUID utility

$QUID is designed to support ecosystem functions including staking, governance, token-related mechanisms, and broader ecosystem utility. These features may be introduced, modified, or expanded over time, subject to governance, product development, and applicable constraints.

Staking

$QUID holders may choose to stake their tokens to participate in ecosystem activities, including governance. Staking rewards are distributed from a dedicated, pre-allocated portion of the fixed total supply and do not require the creation of new tokens beyond the fixed supply.

Year 1. The Year 1 staking allocation is 5,000,000 $QUID (0.5% of total supply), distributed to eligible participants from a dedicated allocation. Distribution amounts are determined according to staking participation and program parameters.

Year 2 and beyond. Future staking allocations and program parameters may be modified through governance as the ecosystem evolves.

Illustrative Year 1 reward examples. The examples below are illustrative only and are based on a fixed reward allocation. Actual participation levels and outcomes may vary. Illustrative rates are not guaranteed and are subject to change. These examples assume the fixed Year 1 staking allocation is distributed over a 12-month period and are calculated against the illustrative token-staked amounts shown below.

*Illustrative estimates only. Actual results are not guaranteed and may vary based on participation levels and other factors. Rates are subject to change.

Governance

$QUID governance is designed to evolve over time. During the early stages of ecosystem development, governance may focus on a limited set of protocol and ecosystem decisions while the platform continues to mature.

As the ecosystem develops, governance scope may expand to include additional areas such as protocol parameters, treasury-related decisions, staking program parameters, and other ecosystem initiatives. The timing and scope of any expansion will depend on ecosystem needs and governance processes.

Governance participation is determined by governance rules in effect at the time. Subject to those rules, governance weight may be associated with staked $QUID.

Buyback mechanisms

Following TGE, governance may determine whether a portion of treasury resources is allocated to token-related mechanisms, including the potential purchase of $QUID on the open market. Buybacks are not active at launch. The timing, scope, implementation, activation, and parameters of any such mechanisms will be determined through governance and remain subject to protocol priorities, legal and regulatory considerations, and applicable constraints.

Any tokens acquired through these mechanisms may be managed in accordance with governance-approved policies.

Ecosystem utility

$QUID is intended to play a role within the Squid ecosystem. Planned functionality may evolve over time and is subject to product development, governance decisions, and applicable constraints. Specific features, requirements, and eligibility criteria may change.

Token Sale Economics

Under the Squid Public Sale, $QUID will be made available at a fixed price of $0.045 per token. 50,000,000 tokens will be available, representing 5.00% of total supply.

If the sale does not reach the maximum raise amount (the hard cap), any unsold $QUID from the Public Sale allocation will be allocated to the Foundation Treasury and will follow the Foundation Treasury unlock and vesting schedule.

For full details on how to participate, see: How to participate in the $QUID Public Sale.

Full Token and Sale Disclosures

For the complete tokenomics framework, including additional detail on allocation methodology and program parameters, please review the $QUID Token Disclosures document: https://squidrouter.com/squid-token-sale-disclosures.pdf

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].

Geographic restrictions vary by sale platform. Please confirm your eligibility on the platform you intend to use before applying.

This article 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.