# SQD (SQD) — machine-readable summary

> FORTUNA SIGNAL · FORA-01 evidence dossier · Researched 2026-09-15 · https://ron-delhaye-studios.github.io/fortuna-signal-live/tokens/sqd.html

## Definition
Decentralized data lake and distributed query engine for blockchain data. Workers and Gateways provide storage, computation, and streaming of indexed chain data to applications.

## What the holder owns (FORA-01 Q1)
SQD is the native token of the Subsquid Network: it rewards node operators, enables permissionless selection of trustworthy operators, gates data-consumption limits for users, and is used in network governance. It confers no ownership or asset claim.

## Verification verdict
Class A (Class A) — FORA-01 scale: verification, not a quality ranking.
q1 VERIFIED · q2 VERIFIED · q3 VERIFIED · q4 VERIFIED · q5 VERIFIED

## Plain-language utility
Pays for data services on the Subsquid network.

## Key risks & notes
Explicit MiCA risks: early centralization with Subsquid Labs as sole data provider during bootstrap, vesting and unlocks, smart-contract and cybersecurity risk, liquidity risk, and no deposit or investor protection.

## Primary source
- https://cdn.sqd.ai/sqd.ai_mica.pdf

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Machine summary generated at build time from the same fields as the human page. Free educational content — not investment advice.