The Squid Public Sale opens on June 30, 2026 at 1:00PM UTC. The sale runs for exactly 72 hours and closes on July 3 at 1:00PM UTC. This marks the first chance for the public to request an allocation of $QUID, a token tied to a platform that has already routed more than $6 billion in volume since 2023.
Source: Official Announcement
Here's the presale structure laid out clearly, since the timing and platform choice both matter for anyone planning to participate.
Sale opens: June 30, 2026 at 1:00PM UTC
Sale closes: July 3, 2026 at 1:00PM UTC
Public Sale Price: $0.045 per token
Sale Allocation: 50M (5% of Supply)
QUID TGE Date: Q3, 2026
Window to act: 72 hours total to submit a pledge and request an allocation
Sale platforms: Kraken and Legion, each handling allocation separately
Final allocation: Decided by Squid and the respective platform only after the sale closes
Submitting a pledge on either platform does not guarantee an allocation of $QUID. Region matters too. Legion restricts participation from the UAE, UK, US, Russia, Iran, Syria, North Korea, Cuba, and sanctioned regions of Ukraine, while Kraken restricts Canada, Australia, and other specified regions, though the UK and US can still take part there.
On Legion, allocation may weigh past Squid usage, community participation, and Legion account history. On Kraken, allocation runs through Kraken's own account activity criteria, managed entirely separate from Squid's side.
Squid works as a cross-chain liquidity routing platform. It lets users and apps swap and bridge digital assets across more than 100 blockchains, including EVM chains, Solana, Bitcoin, Cosmos, XRPL, Hedera, and Stellar, all inside one single transaction.
The platform gives access to over 20,000 tokens and has served more than 1 million users through its frontend bridge app. More than 1,000 teams integrate with Squid's infrastructure, including MetaMask, Ripple, and Ledger.
Behind the scenes, the platform pulls from more than 130 decentralized exchanges and bridges to find the best path for any swap, computing quotes in under a second. A feature called Squid Intents lets solvers compete in real-time auctions to fill orders, often completing execution in under 5 seconds with minimal slippage and gas costs.
The planned utility for $QUID spans four areas, though each one comes with a caveat: none of this is locked in yet, and all of it remains subject to governance decisions and product timelines.
Staking: Designed around a simple, transparent framework, with exact parameters still subject to governance votes
Governance: Built to stay practical and focused, giving token holders a say in ecosystem decisions without becoming bureaucratic
Buyback mechanisms: Governance may decide whether treasury resources go toward market purchases of $QUID, depending on ecosystem priorities
In-app utility: Planned features may include enhanced product experiences and early access opportunities, evolving as development continues
Squid has also built a separate mechanism called Priority Allocation for users with platform history.
Anyone who has used Squid before, joined past campaigns, or interacted with the project on social platforms can submit a form before the July 3 deadline for merit-based consideration if the Legion sale ends up oversubscribed, though that submission guarantees nothing on its own.
$QUID launches with a fixed total supply of 1,000,000,000 tokens, also the maximum supply. No further minting happens after token launch, and no validator or emission rewards exist to add to that count later.
Investors: 30.39% (303,946,126) — 12-month cliff, 25% unlock at cliff, remainder linear to Month 24
Team: 23.95% (239,481,903) — 12-month cliff, 25% unlock at cliff, remainder linear to Month 36
Foundation Treasury: 23.16% (231,571,971) — 10% unlocked at TGE, remainder linear over 36 months
Strategic Partners: 10.00% (100,000,000) — 12-month cliff, 25% unlock at cliff, remainder linear to Month 36
Ecosystem Growth: 7.50% (75,000,000) — bulk unlocks at or near TGE
Public Sale: 5.00% (50,000,000) — 100% unlocked at TGE, priced at $0.045 per token, implying a $45 million valuation and a $2,250,000 raise
Public Sale buyers get fully liquid tokens from day one. Investors, Team, and Strategic Partners, which together hold more than 64% of total supply, stay locked for a full year with zero TGE unlock before any linear vesting begins.
The Squid Public Sale enters the market with something most new token launches don't have on day one. Years of operating history, $6 billion in processed volume, and over 1,000 working integrations already back the number before a single token even changes hands.
What happens after July 3 will show whether that track record translates into lasting demand once $QUID actually starts trading.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.

