SubQuery, a knowledge indexing answer based mostly on Polkadot, introduced that it’s going to launch on the Acala parachain.
Each the SubQuery Community and SQT will intention to be the primary exterior utility and token to launch on Acala’s formidable DeFi platform.
Weeks forward of its launch, Acala is already set to host dApps
SubQuery, a knowledge indexing answer based mostly on Polkadot, introduced in the present day that can launch its SubQuery Community on the Acala parachain.
We’re proud to announce that the launch of the SubQuery Community will likely be on the @AcalaNetwork #Parachain!
SubQuery goals to be the first exterior utility to launch on Acala’s #DeFi hub & will leverage on their upcoming #EVM+
Extra:https://t.co/rgh6q4PCfq pic.twitter.com/UxrDI1cXcL
— SubQuery (@SubQueryNetwork) November 25, 2021
Based on an announcement posted on Medium, the undertaking thought of quite a lot of choices earlier than selecting Acala based mostly on its superior neighborhood entry and technical excellence.
A key consider SubQuery’s choice, nonetheless, was Acala’s upcoming EVM+ launch. Launching on an EVM-compatible chain will allow buyers from the Ethereum ecosystem to take part in SubQuery’s token technology occasion (TGE) by way of Metamask. Other than with the ability to use Ethereum’s hottest pockets, Acala’s EVM+ customers can even be capable to hyperlink their Ethereum addresses with their Polkadot addresses, successfully eradicating the necessity to handle a number of accounts.
“By partnering with Acala, the most effective DeFi platform on Polkadot, we now have absolute confidence of their means to assist us not solely in our token launch but additionally in future areas corresponding to micropayments for indexers throughout networks,” mentioned Sam Zou, the founder and CEO of SubQuery.
SubQuery will work carefully with the Acala growth staff to deploy the primary model of the SubQuery Community as a wise contract in Acala’s EVM+. As a part of its incentivized check community launch, the corporate will push the EVM+ to its restrict with efficiency and cargo testing to ensure it is going to be in a position to scale to billions of each day API requests.
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