#Subsquid (SQD) 代币空投 Seeing the news that Rayls will conduct TGE on December 1, 2025, I can't help but become interested in its token distribution and ecosystem layout. Considering that Parfin recently completed a $10 million Series A funding round, with total funding reaching $38 million, there should be decent financial backing behind this project. However, from now until the TGE, there are nearly two years, and the market environment could change significantly. I will continue to monitor Rayls' on-chain activities and token economic model to assess its true value. At the same time, it's important to keep an eye on the movements of major exchanges like Coinbase, as they often provide market signals. Overall, this project is worth tracking, but it's too early to draw conclusions now.