🚀 Early Updates on @tempo
ℹ️ Tempo is a next-gen Layer 1 blockchain built for high-speed stablecoin payments and real-world financial applications.
A 🧵
SquidRouter introduces the $QUID token sale;
Raised a total of $13M across three rounds with participation from Polychain, Node Capital, Stani Kulechov (Aave founder), Nomad, among others.
--| Squid is a cross-chain routing infrastructure company, founded in 2021
⚡️ $6B+ Total transactions
⚡️4M+ Q1 2026 volume alone, $2.6B
⚡️Q1 2026 transactions, 3.7M
Token details:- -
- Token name: $QUID ( 1B Supply)
- Total Supply: Fixed, hard-capped, no inflation
- FDV~$242M (rumor, wait for announcement)
Public sale: June 30 13:00 UTC - July 3 13:00 UTC (72 hours) on Kraken and Legion.
Utility (planned): Staking, governance, treasury buybacks, in-app features
--What's still UNKNOWN (June 27 reveal): --
/ Team/insider allocation %
/ Ecosystem/treasury allocation %
/ Circulating supply at TGE and FDV
/ Vesting schedule for all buckets
🟢 GREEN Flag
- Strong VC at low valuation: Polychain Capital (Tier 1) led the $4M round. Fabric Ventures led the seed.
- There's usage + no predatory raise.
❌ RED Flag
- No announced tokenomics at the moment to full decide
- Currently a bad market to raise funds (sometimes an opportunity
- Revenue is estimated; no on-chain Proof of Revenue because Squid is a Private company and Revenue are estimated based on when fee is introduced [https://t.co/CwQ5QySDuC] -
In short, the fee introduction hasn't been tested yet. Volume was built mainly because the route is cheap (Same reason I used it a lot of times)
Personally, I will have to see the Circulating supply + Vesting and participation schedules before I decide on how to go about it.
Here's the blunt truth:
Cross-chain/interop is NOT the leading narrative right now. It's recognized as structurally important, but it's not where the momentum capital is flowing
That's all for now. 🪭
Stay ALERT!
Dear children, happy celebrations!
As we honour you today, I reflect on the incredible talent, energy, and resilience you possess. You are not only the future of our nation but also its vibrant pulse in the present. Each time I look into the eyes of a child in Nigeria—whether in a classroom, a displaced persons' camp in Benue, or on the streets of Lagos—I see unparalleled potential. I envision future scientists, tech visionaries, leaders, and builders who can stand toe-to-toe with the world’s best if they have access to the right resources.
The true measure of a nation's leadership lies in how it cares for its youngest members. It is unacceptable that countless children remain out of school, and that essential healthcare and safety are seen as privileges instead of rights. To transform Nigeria from a nation of consumption to one of production, we must begin by investing significantly in you.
Leaders, parents, and educators, we must acknowledge that the best investment a nation can make is in developing its human capital, particularly through foundational education and healthcare. Failing to invest in our children today is akin to borrowing from our future.
To you, my dear children:
• Always keep dreaming: Your current situation does not limit your potential.
• Remain curious: Engage in reading, learning, and adopting new technologies. The world is evolving rapidly, and you have the intellect to lead that evolution.
• Take pride in your identity: As Nigerians, you embody resilience, brilliance, and the promise of greatness.
We will continue our efforts to cultivate a new Nigeria—one where your dreams are recognised, schools are safe, and your future is assured.
Blessings to all, and may God bless the Federal Republic of Nigeria. -PO