Skip to main content

Squid Game Token is up 40,000%, but investors cannot sell



A newly created cryptocurrency named after the Netflix hit “Squid Game” has seen enormous increases in value.

In the past week, several so-called “meme tokens” have risen sharply in value. A Binance smart chain project called SquidGame has developed the SQUID token, which offers users the opportunity to participate in online games based on the successful Netflix series.

Data from CoinMarketCap shows that the SQUID token traded at around $ 0.012 on Tuesday, six days after it was launched. Since then, the token appears to have been swept away by the recent meme coin mania and has soared over 40,000%.

However, users of the SQUID token referring to the series are now struggling to sell the digital currency on the Pancakeswap platform. This emerges from a message that appeared on CoinMarketCap. It says:

“We have received several reports that users are unable to sell this token in Pancakeswap. Please do your own due diligence and exercise caution when trading! While this project is clearly inspired by the Netflix show of the same name, it is unlikely to be related to the official IP. "

On the SquidGame website, the developers announce their plans for an interactive game in which SQUID tokens can be used to participate in online games inspired by the Netflix series.

According to the project's whitepaper, each game requires a different number of tokens, with the highest stake game requiring 15,000 SQUID tokens, which is nearly $ 75,000 at current prices.

However, tech website Gizmodo found that the whitepaper is littered with spelling and grammar errors, among other things. The tech website also pointed out that a previous online game and token related to the hit Disney Star Wars Series "The Mandalorian" later turned out to be a scam.

The fact that a cryptocurrency cannot be converted into a traditional currency is just one of the greatest risks of cryptocurrencies.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
BetFury - Stack BFG for daily dividends - Play smart!
Pipeflare - Faucet that pays in ZCash and Doge, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS
Cointiply - The #1 Crypto Earning Site
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!

FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne
Post a Comment
Read more

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin
Post a Comment
Read more

Seth Green falls victim to phishing - hackers steal NFTs

  Seth Green spoke up via Twitter yesterday afternoon. The actor is known to be involved in Web3 and NFTs. Criminals seem to have taken advantage of this, because according to Green, he was the victim of phishing. The artificial word is a composition of the English words "password harvesting" and "fishing". Exactly how the hackers managed to get hold of Green's account and fish the access data is still unknown. Typical methods to obtain victims' data are bogus emails and fake websites.   The loot includes 4 NFTs including Bored Ape number 8398 which is currently estimated to be worth at least $200,000. Theft is not an isolated case The fact that holders of high-priced NFTs are being targeted by phishing is not new. While many attacks target the masses, perpetrators will target their opera if they can be sure the loot is of high value. Green reaped statements of solidarity on social media and help from other victims on how to report the case. In the meantime,
Post a Comment
Read more