Squid token competes in popularity with Netflix series

The Korean series "Squid Game" has received marketing support from gamer fans.At the beginning of last year,They launched the in-game token Squid, which has grown in price thousands of times in a matter of days.

The hype that arose around the TV series Game ofsquid ”, naturally caused a marketing storm. Shops flooded with T-shirts, sweatshirts, squid-print caps, and the developers released an online game of the same name based on the movie. To register in the game, you need to have about a hundred application tokens that can be bought on the platform. Each subsequent level will be more expensive than the one passed. And the cost of completing some rounds will be up to 500 tokens.

Squid is growing by leaps and bounds.At the time of the announcement, its symbolic price was 1 cent. At the time of this writing, the price for one in-game coin according to coinmarketcap is $ 13.31. The game kicks off on November 1, 2021, and the rush of demand is pushing the squid rate higher and higher.

The developers warned that the token –a marketing ploy to cover the costs of creating an application. They will take 10% of the fund for themselves, and 90% (in tokens) will go to the winner – the first one to complete all levels of the game. Therefore, there will be no listing on digital exchanges and it is impossible to resell Squid. 

Gamers who have purchased large quantitiesgaming tokens, are already writing angry letters to the company and demanding that they be given the opportunity to make money on the sale of an asset that has unexpectedly risen in price. They also ask a logical question – What will the winner do with so much squid if he has no way to convert it into fiat or other cryptocurrencies?

But the game's creators insist that Squid – This is a cultural phenomenon, not a store of value, so they will pursue “an anti-dumping policy to avoid risky losses.”

It seems that there is a rush demand for fakeCryptocurrencies such as Dogecoin and Shiba Inu have deprived newcomers of the crypto market of the remnants of common sense. They are even ready to buy digital beer caps, if they are called the beautiful word “token”.

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