Is SubQuery Network a scam?
Asked about SubQuery Network (SQT), market cap rank #3149.
Short answer
SubQuery Network (SQT) has been scored on isthiscoinascam.com and has a moderate score — some risk signals were raised but no critical concerns.
Source: isthiscoinascam.com · Updated 2026-06-07
Red flags raised
- Token supply can be minted by the owner
- No hard cap on total token supply
- A single wallet holds over 10% of supply
- Top 10 wallets hold more than 50% of supply
- Top 10 wallets hold more than 70% of supply
- Less than 50% of supply is circulating
Positive signals
- Verified smart contracts with third-party audits
- Experienced and transparent core team with professional backgrounds
- Active presence on Twitter and GitHub
- Clear and detailed whitepaper outlining strategic plans
Security audits
1 audit on record.
- CertiK (2024-05-15) — pass
Team transparency
The SubQuery Network team is doxxed — public identities are known.
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