Squid, a cross-chain platform that enables access to 20k+ tokens across 100+ blockchains. $QUID marks an important milestone for the Squid Ecosystem, which has been operating since 2023 and has processed over $6 billion in volume for more than 1 million users. As the Squid Ecosystem continues to expand its product, ecosystem, and interoperability infrastructure, $QUID is intended to support participation in and engagement with the Squid ecosystem.

A token sale gives you early access before open trading begins. Instead of buying instantly at launch, you submit a pledge during the sale window. After the window closes, all pledges are reviewed and allocated based on Kraken’s merit-based system.

If selected, your pledge converts to a purchase (full or partial).
If not selected, your pledged assets are automatically unlocked.

The merit score determines your likelihood of receiving an allocation.

Factors that may improve your score include:

• Kraken+ subscription

• Account age

• Trading and custody activity

• FOMO Multiplier (boost if you were not selected in the previous sale)

• HODLer bonuses — holding tokens from previous Kraken Launch sales for 30/90/180 days
  

What does not affect your score:

• how early you pledge

• your overall portfolio balance

• the size of your pledge

After the pledge window closes:

Preferential Round

~80% of tokens are allocated to higher-scoring clients.
Participants receive a minimum allocation, with additional allocation distributed proportionally.

Prize Draw

~20% of tokens are allocated through random selection among remaining eligible pledges.
This gives all participants a chance, even without a high merit score.

In highly oversubscribed sales, the Prize Draw portion may be reduced.

The pledge window opens on June 30, 2026 at 13 UTC and runs for 72 hours.

You can pledge using the supported currencies shown on the sale page. For this sale, the supported pledge asset is USDC.

You can pledge up to $25,000 USD equivalent. ($10 minimum)

Because allocation is merit-based, your final purchase amount may be:

• your full pledged amount

• a partial allocation

• only the minimum allocation (Preferential tier)

• or no allocation (Prize Draw tier)

Any unused pledge amount is automatically unlocked after results.

• Token: $QUID

• Total supply: 1,000,000,000

• Allocated supply for sale: 50,000,000 (5% of total supply)

• Price: $0.045 USD per $QUID

• Chain: Base

Allocation is not guaranteed.

Kraken Launch uses a two-round allocation process:

1. Preferential Round (~80%)

Higher-scoring clients receive allocation first.
Preferential participants receive at least the minimum allocation, and may receive more depending on overall demand.

2. Prize Draw Round (~20%)

Remaining eligible pledges may receive an allocation through random selection.

In heavily oversubscribed sales, the Prize Draw portion may be reduced to ensure Preferential participants receive their minimum allocation.

If you are not selected, your assets are automatically unlocked.

If you are based in the EEA or UK, you have the right to withdraw from your agreement to participate in any Kraken Launch early token sale without incurring any fees or costs, and without being required to give reasons, provided that the crypto-asset has not already been listed on any platform for secondary trading.

This right begins on the date you pledge your assets and expires 14 calendar days from that date, or if earlier, the point at which your pledged assets are converted and the Launch Tokens are credited to your account.

To exercise this right, please contact Kraken Support. Full details are available in the Kraken Launch Terms: EEA (Part M) Rest of World (Annex L).

Yes.

You must have Intermediate or Pro verification.
Businesses require a Business Pro account.

Yes — a 0.5% participation fee applies to the final allocated amount (not the full pledge). Your fee will be calculated automatically during settlement.

Note: Kraken+ subscribers can participate with no fees.

The sale does not end early.

Kraken Launch does not use a first-come, first-served process. All pledges submitted during the sale window remain valid, regardless of when they were made.

Oversubscription affects allocation, not the sale timeline.

No lock-up or vesting periods apply. 100% of your allocation is unlocked at TGE.

The SQUID sale is not available to clients located in: Australia, Canada, and Dubai.