SubQuery Unveils a 60 Million SQT 'Consumer Rewards Program' to Propel Network Expansion

Decentralized data indexing network, SubQuery has announced the inception of its extensive 60 million SQT Consumer Rewards Program, a year-long effort slated to kick off on May 1. This initiative is geared towards inspiring projects to select the SubQuery Network as their primary data API by presenting them with substantial benefits.

As the platform continues to grow, its main focus is to draw in a larger number of developers and decentralized applications into its ecosystem. While SubQuery's indexing facilities already provide a seamless and effective experience, the team aims to deepen community interaction and speed up adoption through this new initiative. The rewards program is designed to reward and recognize the most engaged and influential projects, offering perks to early participants as the network matures.

Crucially, this incentive framework is not restricted to projects that are inherently built on SubQuery—it also embraces Subgraphs shifting to the SubQuery Network, emphasizing the platform’s openness towards growth and interoperability.

Understanding How the SQT Rewards Program Operates: Monthly Rankings, Verified Projects, and Progressive Incentives

Commencing on May 1, SubQuery will introduce a monthly rewards scheme for project owners based on their utilization of SQT tokens within the network. This scheme is a part of the broader SQT Consumer Rewards Program, aiming to acknowledge and encourage active participation on the platform.

To maintain transparency, a public leaderboard will be launched to monitor each project's total SQT expenditures across verified indexing projects. In the kickoff phase, rewards will be allocated to the top five projects at the conclusion of the first month. As more participants come on board, the number of eligible projects for rewards is anticipated to rise correspondingly.

Rewards will be assessed each month, with project rankings based on the spending of the previous month. The more SQT a project utilizes on the network, the greater its portion of the reward pool will be, distributed on a proportional basis.

Reaching generous potential returns of up to 900% APY, these rewards will nonetheless be capped to ensure sustainability, limited to a maximum of ten times a project's monthly SQT expenditure to uphold fairness.

Before qualifying for rewards, projects need to complete a verification process to establish their legitimacy. This involves reviewing factors like data usage patterns, online presence, social media engagement, and query sources. SubQuery actively encourages participants to join the community on Discord to facilitate open communication with node operators and fellow users, cultivating a more cohesive ecosystem experience.

The first wave of rewards distribution is scheduled for the end of May, signaling the close of the program's inaugural month. Given that there may be fewer projects participating in the beginning stages, initial contributors might enjoy a bigger slice of the reward pool. With increased adoption of the SubQuery Network as more developers begin to engage, the reward pool is expected to swell, reflecting the growing activity throughout the network.

This strategy is tailored to both honor early participants and inspire projects to migrate from centralized or competing indexing solutions. By doing so, SubQuery intends to encourage sustainable, long-lasting growth across its decentralized ecosystem.

To take part in this initiative, developers are encouraged to adhere to the deployment guidelines provided within the official documentation. Subgraph or a SubQuery Project They will also need to procure SQT tokens, available through platforms like Bybit, Cryptocurrencylistings.com, Crypto.com, and Uniswap. For any assistance or questions, users can join the SubQuery Discord server and interact in the #network-general channel, where both the community and the team are ready to provide support.

SubQuery: What Is It? 

The SubQuery Network boasts an extensive array of decentralized infrastructure tools designed to empower developers in creating and scaling Web3 applications. Its ecosystem includes production-ready features such as decentralized data indexers, remote procedure calls (RPCs), and AI agents—all engineered to function without any centralized interference.

Powering thousands of decentralized applications across nearly 300 blockchain ecosystems, the network’s open data indexer significantly simplifies how data is accessed and organized in real time. A standout innovation within its framework is the Sharded Data Node, which is projected to significantly advance performance and scalability in the RPC area. Furthermore, SubQuery’s AI App framework is designed to streamline the development of AI-integrated decentralized applications, enhancing accessibility for teams incorporating AI into Web3 ecosystems.

Recently, SubQuery has launched a decentralized RPC solution Looking forward, the team is set to unveil data indexing functionalities for the Solana blockchain as well—an upgrade anticipated to expedite decentralized data retrieval for developers working in that environment.