$SQD IDO is now live! https://tonraffles.app/jetton/fairlaunch/SQD
To facilitate the development of the SquidTG Metaverse, we have decided to establish the foundation of the SquidTG Metaverse — $SQD.
$SQD is the governance token of the SquidTG Metaverse. It will determine the direction of SquidTG’s games, the development path of the SquidTG Metaverse, and, most importantly, it will be the key to unlocking DeFi Summer on TON.
We have partnered with TonRaffles and Dedust for the ongoing $SQD IDO fundraising event. Join now: https://tonraffles.app/jetton/fairlaunch/SQD
$SQD Tokenomics
From the tokenomics model of $SQD, we can see that 20% of the tokens will be available for IDO, of which 51% of the raised amount will be matched with 9.18% of the tokens locked in the liquidity pool of the exchange for 6.9 years. This means that the team does not intend to retrieve this fund and is committed to contributing it to the SquidTG community.
The main token allocation will prioritize airdrops for SquidTG game users (45.8%) and participation in liquidity mining (15%).
Finally, 5% will be reserved for ecological partners and the team, contributing to the joint development of the SquidTG Universe and boosting TON’s growth.
In summary, there are several ways to acquire $SQD:
- Purchase eggs and hatch squids directly in SquidTG to earn $SQD airdrops.
- Participate in the IDO on TonRaffles.
- Provide liquidity for $SQD/$TON on Dedust to earn $SQD and other token rewards daily.
- Reach out to us to join the SquidTG team or become a SquidTG ambassador and collaborate with us.
Airdrop
There are various ways to obtain $SQD as mentioned above, and Airdrop is an immediate option available.
Here are the rules for the first wave of $SQD Airdrop, divided into Airdrop 1 & Airdrop 2:
Airdrop 1 (15%): For OG Squids
- Players who joined SquidTG before 2024/2/28 00:00 UTC and hold a quantity of squid > 0 will evenly split 15% of the Airdrop 1 pool.
Airdrop 2 (15%): For Young Squids
- The younger the Squid, the higher the Energy. Energy will gradually decrease as the Squid ages.
- Calculation rule: The initial Energy of each newly hatched Squid is 1, and it will exponentially decrease over time, with a half-life of 14 days (29.3% decay in 7 days, 50% decay in 14 days).
- The calculation of the half-life is by second, with decay occurring every second.
For example:
→ If 10,000 Squids are hatched today, Squid Energy = 10,000
→ After 7 days, if 20,000 Squids are hatched, Squid Energy = 10,000 * (1–29.3%) + 20,000 = 27,070
→ After another 7 days, Squid Energy = 27,070 * (1–29.3%) = 19,138
- This calculation will start from the first day of the game launch and continue until the end of the IDO, and then a snapshot will be taken. Airdrop 2 pool will be distributed based on the proportion of all players’ Squid Energy.
- The airdrop will occur within a week after the end of IDO.
Telegram bot for checking the airdrop energy: https://t.me/squid_airdrop_bot
Last but not least, the SquidTG team invites you to join us in building the SquidTG Metaverse. Let’s seize the growth dividend in the early days of the TON ecosystem together.
SquidTG Metaverse, LFG!
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