The coin was created specifically for the online game, which starts in November

​An exclusive token based on the popular TV series “Squid Game” has released

29.10.2021 - 12:05

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1 min

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What's new? The Squid Game project, which is based on the Korean TV series “Squid Game” produced by Netflix, has launched its own cryptocurrency. This is reported by CNBC.

Material on the CNBC website

What is known about the token? The new cryptocurrency is called “Squid”. Its pre-sales were opened on October 20, according to the white paper of the Squid Game project.

White paper of the project

Over the past day, altcoin trading volumes have increased by 60% and reached $5,8 million. However, CoinMarketCap warned that SQUID holders at some point faced the inability to sell cryptocurrency. The token developers have provided an anti-dumping mechanism that prevents selling it under certain conditions.

What is the token for? The exclusive coin was created specifically for the game based on the TV series “Squid Game”. A six-round online competition will start in November.

To participate in the tournament, you will have to pay a certain amount in tokens. After the round is over, the collected funds will be divided between the developers and the winner in a proportion of 10% and 90%.

Author:

yanazakomoldina yanazakomoldina

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