December 4, 2021

Squid token competes in popularity with Netflix series

Squid token competes in popularity with Netflix series

The Korean TV series “Squid Game” has received marketing support from fan gamers. At the beginning of the last They launched the Squid in-game token for a week, which in a matter of days has grown in price thousands of times.

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

Gamers who have purchased a large number ofgame tokens, are already writing angry letters to the company and demanding to provide them with the opportunity to make money on the sale of an asset that has suddenly risen in price. They also ask a logical question - what will the winner do with so many squid if he does not have the opportunity to convert it to fiat or other cryptocurrencies?

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

It seems that the rush demand for fakeCryptocurrencies such as Dogecoin and Shiba Inu have robbed the rest of the common sense of newcomers to the crypto market. They are ready to buy even digital beer caps, if you call them a nice word “token”.

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