Squid Game cryptocurrency jumps over 2,000% in under a week.
SQUID was trading around 1.2 cents on Tuesday, but it's now at $3.05 – a surge of almost 25,000%. Its market cap is now approximately $240 million.It's a"play-to-earn" cryptocurrency. SQUID holders can take part in online games inspired by games in the show. Entry fees are charged in SQUID – 10% of which go to the developers, and the rest is invested back into the reward pool.
"The more people join, the larger reward pool will be," according to the white paper."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," it adds.
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