• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Cryptos

Squid Game crypto up over 18,000% in 3 days

Olumide AdesinabyOlumide Adesina
2 years ago
in Cryptos
Squid Game crypto up over 18,000% in 3 days
Share on FacebookShare on TwitterShare on Linkedin

Netflix’s newest Korean TV series is a worldwide sensation as it follows adults playing children’s games for a large cash prize. However, in recent times, it has developed its own brand of crypto whose prices have been soaring.

SQUID is trading above $2.32, over 18,000% after hitting $0.01229 on October 26th. Trading squid may not be for everyone, so those interested should exercise caution.

As reported by CoinMarketCap, this token cannot be sold on Pancakeswap, a popular decentralized exchange.

Although the white paper for the coin doesn’t explain why some users cannot sell their tokens, it does describe an anti-dumping mechanism that prevents people from selling their coins if certain conditions are not met.

The parody coin, which reportedly sold out in one second after launching its presale on Oct. 20, joins a long list of parody cryptocurrencies that have skyrocketed for no specific reason, other than good press. For example, Shiba Inu coins doubled in price in the last week.

Squid tokens were launched by Squid Game, a blockchain-based play-to-earn platform. A tournament based on the show of the same name is launching online in November. Additionally, unlike the live version of Squid Game, which capped the total prize at $38.5 million for the grand prize winner, the virtual simulation will not limit the number of participants or the amount of the final bonus.

In order to participate in each round, players will, however, be required to pay a set amount in squid tokens, and certain rounds may also require users to purchase a custom-made NFT available on the company’s website.

Fans of the show have debated about the exact colour of these NFTs, which include some guards who wear full-body pink suits and black masks covering their entire faces.

Even at current prices, the gameplay isn’t cheap. You must purchase an NFT and pay 15,000, or $33,450, to participate in the final game of the tournament.

In each round, developers receive 10% of the entry fee and the reward pool receives 90%.

In addition to Marbles Pools – a nod to the show – the Squid Game platform allows users to earn tokens through staking, which is putting up their cryptocurrency holdings as collateral for passive income.

Tags: SQUIDSquid game

Comments 1

  1. Opeyemi says:
    October 29, 2021 at 11:08 pm

    Jdjcggmvjhlnbvck,HB mvkn.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

hfm
UBA
Mega Millions
Mega Millions
fidelity banner
HFM







NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Data protection has contributed N5.5 billion to Nigeria’s GDP -Vincent Olatunji 
  • Only 5% of Nigeria’s private sector employers invest in childcare-Report
  • Fuel subsidy: Nigerians are facing transport poverty and need government intervention – expert 

Follow us on social media:

Recent News

Data protection has contributed N5.5 billion to Nigeria’s GDP -Vincent Olatunji 

Data protection has contributed N5.5 billion to Nigeria’s GDP -Vincent Olatunji 

June 8, 2023
Only 5% of Nigeria’s private sector employers invest in childcare-Report

Only 5% of Nigeria’s private sector employers invest in childcare-Report

June 8, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In