Last week marked an exciting milestone for our project as we launched Kepler Swap, a powerful tool that enables users to exchange their kSQT tokens to USDC and vice versa.
While we anticipated Indexers to start swapping their rewards to pay for infrastructure, we were surprised to find that only one indexer had done so. It appears that Indexers and Delegators had restaked all rewards, resulting in a lack of kSQT tokens in the swap pool.
To address this situation and give everyone an opportunity to acquire kSQT tokens, we are thrilled to announce that on 9am Thursday 8th June (UTC), we will be depositing a substantial sum of 25,000 kSQT into the swap pool. This exciting opportunity will be available to anyone, including existing indexers and delegators, giving them a chance to get involved and benefit from our innovative ecosystem.
We anticipate a high demand for the limited pool of 25,000 kSQT tokens, so it's crucial to be prepared. Given the overwhelming response we received during our airdrop, we understand that many may have missed out, but this is your chance to join the community and become part of our thriving ecosystem. The tokens are likely to be claimed within seconds, so ensure you are ready to seize this opportunity when it becomes available.
Participating in the Kepler Swap is a straightforward process. Simply access the swap tool on the designated date and follow the user-friendly interface to swap USDC to kSQT tokens. This is an inclusive opportunity for both newcomers and existing participants, enabling everyone to actively engage and contribute to the success of our project. There will be transaction limits to ensure that no single whale can swap the entire pool.
Kepler Swap presents an exciting chance for individuals to acquire kSQT tokens and actively participate in our rapidly growing ecosystem. By offering this exclusive deposit of 25,000 kSQT into the swap tool, we aim to foster community involvement and provide a fair opportunity for those who missed out on the airdrop. Mark the date on your calendars and be ready to secure your share of the tokens. Get ready to embark on an exciting journey with us and be a part of the Kepler revolution!
SubQuery is a blockchain developer toolkit facilitating the construction of Web3 applications of the future. A SubQuery project is a complete API to organise and query data from Layer-1 chains. Currently servicing Ethereum, Polygon, BNB, NEAR, Polkadot, Avalanche, Algorand, Arbitrum, Cosmos and Flare projects, this data-as-a-service allows developers to focus on their core use case and front-end without wasting time building a custom backend for data processing activities. In the future, the SubQuery Network intends to replicate this scalable and reliable solution in a completely decentralised manner.