Squid has set the opening of its QUID public sale for June 30, 2026 at 1:00 PM UTC, with the window closing on July 3 at 1:00 PM UTC after 72 hours. The sale marks the first opportunity for the public to request an allocation of the token. Squid said the sale price is $0.045 per token, covering 50 million QUID, or 5% of total supply, with the token scheduled for launch in Q3 2026.
Kraken and Legion will run separate allocation tracks
The public sale will be conducted through Kraken and Legion, and the two platforms will handle allocations independently. Squid said submitting a pledge on either venue does not guarantee that a buyer will receive QUID. Allocation decisions will be made only after the sale closes, by Squid and each platform on their respective side.
Participation rules also vary by jurisdiction. Legion excludes users from the UAE, UK, US, Russia, Iran, Syria, North Korea, Cuba, and sanctioned regions of Ukraine. Kraken restricts Canada, Australia, and other specified regions, while users in the UK and US remain eligible there.
On Legion, allocation may take into account a user’s prior Squid usage, community activity, and Legion account history. Kraken applies its own account activity criteria, separately from Squid. The project has also introduced a Priority Allocation process for users with prior platform history. Those who have used Squid before, joined past campaigns, or interacted with the project on social channels can submit a form before July 3 for merit-based consideration if the Legion sale is oversubscribed, though that process also carries no guarantee.
Platform metrics highlight cross-chain routing scale
Squid describes itself as a cross-chain liquidity routing platform that allows users and applications to swap and bridge digital assets across more than 100 blockchains in a single transaction. The listed networks include EVM chains, Solana, Bitcoin, Cosmos, XRPL, Hedera, and Stellar.
According to the project, the platform supports over 20,000 tokens, has served more than 1 million users through its frontend bridge app, and has been integrated by more than 1,000 teams, including MetaMask, Ripple, and Ledger. Squid said its routing engine sources liquidity from more than 130 decentralized exchanges and bridges, generating quotes in under one second. It added that its Squid Intents system lets solvers compete in real-time auctions to fill orders, with execution often completed in under 5 seconds while aiming to keep slippage and gas costs low.
Fixed-supply tokenomics disclosed ahead of launch
Squid said QUID is being designed for staking, governance, possible treasury-led market purchases, and product-related benefits, though it stressed that these features are not final and remain subject to governance decisions and product timelines. Exact parameters have not been locked in.
On tokenomics, Squid said QUID will have a fixed total and maximum supply of 1 billion tokens. No additional minting will occur after launch, and there will be no validator or emission rewards added later. Public sale buyers will receive fully liquid tokens from day one. By contrast, investors, team members, and strategic partners together hold more than 64% of supply, and those tokens will remain locked for a full year with no TGE unlock before linear vesting begins.
Based on the public sale terms, the offering of 50 million tokens at $0.045 each implies a valuation of $45 million and a raise of $2.25 million. Squid also said its platform has processed more than $6 billion in volume since 2023, putting an operating track record in front of the market before QUID begins trading.