Hit South Korean present Squid Recreation is formally Netflix’s largest authentic collection. The nine-part thriller has grow to be a worldwide sensation since its launch and has impressed numerous memes, Halloween costumes however now there’s another reason to like the present— its personal model of cryptocurrency.
Players have developed a web based model of the collection, for which you want the ‘Squid’ cryptocurrency to play. The net event is about to launch in November and can mimic the six rounds of video games performed within the Squid Recreation, the OTT collection.
Apparently, on Tuesday, the squid coin was value a 1 cent, however by Friday it had exploded by 2400 p.c worth, reaching $5.59, on the time of writing this text. The present rating of the SQUID token stood at 2,828, in accordance with Coinmarket cap.
What’s a Squid coin?
The white paper of the Squid Recreation cryptocurrency explains: “The Squid Recreation venture is a crypto play to earn platform impressed by the Korean hit collection on Netflix a few lethal event of kids’s video games.”
Similar to the collection, the sport builders say that “the extra folks be part of, the bigger the reward pool will likely be—extra importantly, we don’t present lethal penalties apparently!”
Additional, the white paper notes that particular person rounds will incur prices to affix. As an example, enjoying Spherical 1: Pink Gentle, Inexperienced Gentle will price a participant 456 Squid cash, and rounds get extra pricey as they go alongside.
It’s value noting that builders will take 10 p.c of the entry charge and the remaining 90 p.c will likely be given to the winner. “Somewhat than 456 gamers drawn from totally different walks of life however every deeply in debt chosen deliberately by the organizers within the drama, everybody right here in crypto world can take part within the Squid Recreation with SQUID token or associated NFTs in our market,” the gaming firm additional provides.
Nevertheless, potential consumers ought to beware as crypto price-tracking web site Coinmarket cap issued a warning stating that a number of customers have been unable to resell their tokens on cryptocurrency exchanges.
As of now, it’s unclear why that is taking place, however the firm says it’s utilizing “progressive” anti-dumping expertise that limits folks from promoting their cash if there should not sufficient cash being purchased out there.
