New Delhi: With the squid token, the Netflix smash “Squid Game” has expanded its attain into the cryptocurrency world, and it is already up greater than 75,000 % this week, in response to CoinMarketCap.
“Squid Game” is a South Korean dystopian tv sequence about folks combating in merciless survival contests for prize cash. The hit present is a runaway success that has become a world cultural phenomenon.
Squid was buying and selling at $0.012 on Tuesday, however it was buying and selling at $9.19 on Friday, a 75,000 % enhance. The firm’s totally diluted market capitalization is presently round $722 million.
Squid preorders started on October 20 and “sold out in 1 second,” in response to the corporate’s white paper.
It’s a cryptocurrency that permits you to “play to earn.” Squid house owners can play on-line video games primarily based on the present’s video games. The entry price is paid in squid, with 10% going to the builders and the remaining going again into the prize pool.
“The more people join, the larger reward pool will be,” the white paper stated. “More importantly, we do not provide deadly consequences apparently! Your experience will only reflect on the joy of winning rewards and sorrow of losing money when the game failed.”
Squid has joined meme cash like shiba inu in producing large worth will increase for no obvious trigger.