Squid Coin Investment: A Beginner's Guide To Crypto Riches

how to invest in squid coin

The Squid Game cryptocurrency, inspired by the Netflix series of the same name, has seen a surge in popularity and value. The token, which operates on the principle of decentralisation, is designed to be more than just a cryptocurrency, aiming to provide a range of services and utilities to its holders. However, it's important to exercise caution when considering investing in Squid Game. The token has been criticised for not allowing investors to resell their tokens, and there have been reports of investors losing significant amounts of money due to the token's value plummeting. Before investing, it's crucial to conduct thorough research and understand the risks involved.

Characteristics Values
Type of Token Community-driven, decentralised
Token Name Squid Game (SQUID)
Founders Anonymous
Current Price $0.009952
24-hour Trading Volume $323,537.37
24-hour Price Change -3.03%
All-time High $2,861
Circulating Supply 0
Market Cap $0
Where to Buy Pancake Swap, Pancakeswap (V2), Uniswap, Sun.io, Binance

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Squid Game (SQUID) is a digital asset that operates on the principle of decentralisation

SQUID is a cryptocurrency that originated as a meme coin on a certain Smart Chain. It is designed to be more than just a cryptocurrency, intending to provide a range of services and utilities to its holders. The project has multiple layers of protection to ensure a high level of security and mitigate large token dumps that could destabilise the market. The development wallet is hardcoded to be locked for one year, demonstrating a sustained commitment to the project.

The SQUID token is rug-free and has a unique safety mechanism that only allows a maximum of 10 million SQUID tokens to be transferred from both the Marketing and Development Wallets within a 24-hour period. This mechanism further ensures market stability and prevents large token dumps.

SQUID is currently available on the Coinbase wallet, and its price has increased by 4.41% in the past 24 hours, with a trading volume of $303.95K.

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SQUID is a community-driven token, with no founding team

SQUID is a community-driven token with no founding team. It is a digital asset that operates on the principle of decentralisation, meaning that no single entity has control over the project. Instead, it is fully driven by its community, which determines the future of the token.

The token originated as a meme coin on a Smart Chain. It is designed to be more than just a cryptocurrency, aiming to provide a range of services and utilities to its holders. The project has multiple layers of protection to ensure a high level of security for its community. It has been designed to mitigate large token dumps that could potentially destabilise the market. Additionally, the development wallet is hardcoded to be locked for one year, demonstrating a sustained commitment to the project.

SQUID Game V2 (SQUID) Token, operating on the BNB Smart Chain, Base Chain, and Tron Network, embodies the principle of decentralisation. There is no external control, and the community collectively steers the token's future. The shared vision is to build and expand a truly decentralised, community-driven project.

The smart contract of SQUID Game V2 has undergone a comprehensive verification process, ensuring its integrity and security. This transition from SQUID V1 to SQUID Game V2 marks a shift towards heightened security and trust, addressing the vulnerabilities of the previous version.

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The SQUID token is designed to be more than a cryptocurrency, providing a range of services to its holders

One of the features of the project is the game itself, which is still under development. The game will select 456 people through a lottery of all SQUID token holders, and it will be a winner-takes-all scenario where the winning person will receive all the rewards. Each game has a different entry fee, with the first one requiring 456 SQUID, the second one requiring 1,000 SQUID, and so on. Winners of each round will be eligible for the next level. There will be six games in total, each mimicking the games played in the show.

Another feature of the project is the NFT marketplace, where users can buy non-fungible tokens based on different characters and objects from the series. There is also a staking hub where users can stake certain products and earn rewards.

The SQUID token is designed to be more than just a cryptocurrency, with the aim of providing a range of services and utilities to its holders. The project has been constructed with multiple layers of protection to ensure a high level of security for its community. It has been designed to mitigate large token dumps that could potentially destabilize the market, and the development wallet is hardcoded to be locked for one year, demonstrating a sustained commitment to the project.

The Squid Game project is expanding to another Mainnet, aiming to offer a wider range of possibilities for its holders by opening up new ecosystems and opportunities. The expansion is designed to enhance the value and usage of SQUID, without causing any dilution to the SQUID on the original Smart Chain. The project is also working on creating a cross-chain bridge that will allow SQUID tokens to be transferred between the BSC and ETH networks, providing holders with flexibility and choice.

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The project has been constructed with multiple layers of protection to ensure a high level of security

The Squid Game cryptocurrency project has been constructed with multiple layers of protection to ensure a high level of security for its community. The project operates on the principle of decentralisation, meaning that no single entity has control over it. Instead, it is fully driven by its community, which determines the future of the token.

The smart contract for the SQUID token is designed to be rug-free, with a unique safety mechanism that only allows a maximum of 10 million SQUID tokens to be transferred from both the Marketing Wallet and the Development Wallet within a 24-hour period. This mechanism seeks to mitigate large token dumps that could potentially destabilise the market. The Development Wallet is also hardcoded to be locked for one year, ensuring a sustained commitment to the project and providing an extra layer of security.

The project is also expanding to another Mainnet, which will open up new ecosystems and opportunities for its holders. This expansion will enhance the value and usage of SQUID without causing any dilution to the SQUID on the original Smart Chain. Additionally, the project is working on creating a cross-chain bridge that will allow SQUID tokens to be transferred between the BSC and ETH networks, providing holders with the flexibility to choose their preferred network.

The multiple layers of protection built into the Squid Game project aim to ensure the high level of security needed for its community and to mitigate potential risks associated with decentralised cryptocurrencies.

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SQUID is available on PancakeSwap, Uniswap on the Base Chain, and Sun.io

SQUID is the cryptocurrency token inspired by the Netflix show "Squid Game". It is a community-driven token with no founding team that operates on the principle of decentralisation. The SQUID token is designed to be more than just a cryptocurrency, as it seeks to provide a range of services and utilities to its holders.

Uniswap, on the other hand, is the world's #1 decentralised exchange for easily trading cryptocurrencies on the Ethereum blockchain. Uniswap uses groundbreaking Automated Market Maker (AMM) technology to execute trades. Uniswap's native token is UNI, a governance token used to guide the direction of the Uniswap protocol.

Sun.io is a platform that allows users to create, mint, and manage their own tokens. It is a cross-chain token minting platform that supports multiple blockchains, including Ethereum, Binance Smart Chain, and Tron.

Frequently asked questions

As of June 1, 2024, Squid Coin is valued at $0.009952 per coin, with a 24-hour trading volume of $323,537.37 USD.

You can buy Squid Coin on a centralized exchange or through a decentralized exchange (DEX) that supports the blockchain. Popular exchanges include Binance, PancakeSwap, and Uniswap.

Squid Coin, like any other cryptocurrency, is subject to high market risk and price volatility. There have also been reports of scams and rug pulls associated with this coin, so investors should proceed with caution and do their own due diligence.

Squid Coin was originally founded by individuals who committed a rug pull and ran off with investors' funds. The project was then rescued by a community of volunteers. The coin is inspired by the Netflix show "Squid Game" but is not officially affiliated with the show or its IP.

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