Netflix's Squid Game has inspired it's own cryptocurrency; ‘SQUID’ rises 2,400% in one day

Netflix's Squid Game has inspired it's own cryptocurrency; ‘SQUID’ rises 2,400% in one day

FPJ Web DeskUpdated: Friday, October 29, 2021, 10:48 AM IST
article-image
Twitter

The huge success of "Squid Game" on Netflix has paved the way for the establishment of a successful cryptocurrency called SQUID.

SQUID is currently selling at $2.22, up roughly 2,400% in the previous 24 hours due to the latest memecoin mania. It has a market capitalization of more than $174 million.

The series "Squid Game" depicts a tournament in which participants risk their lives in the hopes of winning a financial reward. ⁠

Players will be asked to pay a certain fee in SQUID tokens to play each game, with some rounds requiring the purchase of a custom-made NFT, some of which contain show characters such as the masked guards. The real-life Squid Game's last round, like the source material, isn't for the faint of heart.

You'll need 15,000 tokens (approximately US$33,300 at the time of this article's publication) to enter, as well as one of those unique NFTs. The developers / VIPs (10%) and the award pool (10%) share the money earned (90 percent ).

While there is no violence involved in purchasing and selling SQUID, CoinMarketCap has issued a buyer's alert. Those interested in participating, should proceed with caution before exchanging squid. CoinMarketCap claimed that users have been unable to sell the currency on the decentralised market Pancakeswap, according to CNBC.

RECENT STORIES

'Mere Saath Maitri Karegi Kya?': Man Who Provided Lift To Popular Solo Female Traveller On...

'Mere Saath Maitri Karegi Kya?': Man Who Provided Lift To Popular Solo Female Traveller On...

VIDEO: Horse Paraded With 'Injury Marks' In Mumbai's Dongri During Muharram Procession On Ashura;...

VIDEO: Horse Paraded With 'Injury Marks' In Mumbai's Dongri During Muharram Procession On Ashura;...

Tricolour Flag Spotted Hanging Upside Down At Indian Restaurant In Japan, Rectified After Video Goes...

Tricolour Flag Spotted Hanging Upside Down At Indian Restaurant In Japan, Rectified After Video Goes...

Viral Video: Foreigner Tourists Left Horrified After Homeless Kids Jump On Their Autorickshaw...

Viral Video: Foreigner Tourists Left Horrified After Homeless Kids Jump On Their Autorickshaw...

'Devil' Youth Mercilessly Ties Dog With Rope & Swings Animal From Terrace; Uploads Video On 'Comedy'...

'Devil' Youth Mercilessly Ties Dog With Rope & Swings Animal From Terrace; Uploads Video On 'Comedy'...