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The Squid Game cryptocurrency was a decentralized peer-to-peer digital currency created by the developers of the popular mobile game ‘Squid.io’ in 2017. The cryptocurrency was designed to reward players and fund development of the game. It was based on Ethereum's ERC20 tokens, which means it ran onRead more
The Squid Game cryptocurrency was a decentralized peer-to-peer digital currency created by the developers of the popular mobile game ‘Squid.io’ in 2017. The cryptocurrency was designed to reward players and fund development of the game. It was based on Ethereum’s ERC20 tokens, which means it ran on top of the Ethereum blockchain and could be transferred between wallets and used as payment for goods and services. The Squid team also released a marketplace where users could purchase items for their character directly with SQUID tokens. Unfortunately, the Squid project ultimately failed due to various management issues and lack of resources; however, some users still hold their SQUID coins today, hoping that one day it will regain its value and usefulness.
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