The Squid Game project is a crypto play to earn platform inspired by the Korean hit series on Netflix about children’s tournament that turns deadly. Any member of the crypto community can take part in the Squid Game with the SQUID token or a related NFTs. Here are 5 highlights from the whitepaper.
1. No limit to final bonus
Squid Game will limit neither the ultimate bonus nor the number of participants. The more people take part, the bigger the reward pool.
2. 90% of entry fees are added to reward pool
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The developers get 10% of the entry fee for the different games. The remaining 90% is added to the reward pool for the final winner. That’s how Squid Game makes money. Only the native SQUID token can be used in the game.
3. SQUID tokens sold out in one second
During the presale of SQUID, which started on October 20, the token sold out in just one second. The presale price was 800000 SQUID for 1 Binance Coin (BNB/USD). SQUID implements an innovative anti-dump mechanism where buying in the market will release selling credits at a rate of 2:1.
The maximum amount of SQUID that can be sold is half of the total buying value in the pool. When the credit in the pool is depleted, you can’t sell any more.
4. The key is obtaining marbles without violence
Marbles holders may trade SQUID freely. Players who hold some marbles can sell SQUID on PancakeSwap (CAKE/USD) at any time. The marbles in your wallet will be burned automatically after you sell the SQUID. The equivalent amount of marbles in the Marbles WBNB trading pair will also be burned automatically at the same time, driving the price of $Marbles up.
5. SQUID is reliant on strong marketing
Squid Game relies on word of mouth and memes. Twitter, Facebook, Instagram, and TikTok news feeds and all of the major crypto forums are flooded with Squid Game memes. A lot of Telegram communities talk about SQUID. Squid Game plans partnerships with more than 200 communities and 100 influencers. To appeal to early attendees, they will hold more than 5 airdrop activities.
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