Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

SubQuery Plans Acala Partnership, Boosting Polkadot’s Ecosystem

CryptocurrencyNov 25, 2021 05:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
SubQuery Plans Acala Partnership, Boosting Polkadot’s Ecosystem

  • SubQuery plans to launch its network on the Acala parachain.
  • The network also aims to be the first external application and token to launch with Acala.

Companies in the crypto world continue to upgrade its network to stay ahead against its competitors in space. This time, SubQuery (SQT), a leading data indexing solution in Polkadot announced its plan to launch its network on the Acala parachain. The network also aims to be the first external application and token to launch with Acala.

Sam Zou, the Founder and CEO of SubQuery commented:

We have ambitious growth plans, but our home will always be Polkadot. By partnering with Acala, the best DeFi platform on Polkadot, we have absolute confidence in their ability to help us not only in our token launch, but also in future areas such as micropayments for indexers across networks.

The reasons behind the collaboration of SubQuery with the Acala network include some things such as community access, domain/technical excellence, and existing robust relationships. Furthermore, the Acala’s upcoming EVM+ launch is also a huge factor that caught the attention of SubQuery in joining hands with Acala.

Bette Chen, the Co-Founder of Acala explained:

Acala will play the role of DeFi hub for Polkadot and a landing pad that aggregates assets and liquidity from a variety of blockchains. We are excited to be able to continue our close relationship with SubQuery and launch the SQT token and SubQuery smart contracts on our platform.

In the future, the EVM compatible chain will enable SubQuery’s token generation event (TGE) to seamlessly allow investors’ participation into SQT from the Ethereum ecosystem through Metamask. In addition, through Acala’s EVM+, users can even link their Ethereum addresses with their Polkadot addresses. Hence, overcoming the need to manage multiple accounts.

On the other hand, both SubQuery and Acala share a common vision to grow the Polkadot ecosystem and help the world move towards a decentralized future. The two projects are natural partners, having established a trusted relationship from the genesis of SubQuery until now. Recently, both networks partnered on a joint hackathon with Encode Club and have operated Acala SubQuery Projects which dynamically track data created on Acala and Karura.

Continue reading on CoinQuora

SubQuery Plans Acala Partnership, Boosting Polkadot’s Ecosystem
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email