Squid Game – blockchain gaming projectThis is dedicated to the Korean series of the same name, which became a hit on Netflix. The essence of the series is a deadly tournament between 456 players from different walks of life, each mired in debt, with a grand prize of US$38.5 million. The decentralized Squid Game project is a collection of various games where participants can receive financial rewards, but can also lose money.
Squid It is the only token that can be used in the games offered by the platform. It is used to start the game and restart it after losing. It complies with the BEP-20 (Binance Smart Chain) standard. SQUID first appeared on the market on October 26th and in three days its rate increased by 338% (at the time it was rising in price by 700%).
As of 2025, the game project no longer exists, but the token continues to be traded. It is present on cryptocurrency exchanges. Gate.io, Poloniex, Pancakeswaps.
Our editors will discuss the essence of the Squid Game project and the role of its native token, SQUID.
General information
| Designation | Squid Game |
|---|---|
| Clock | Squid |
| Release year | 2021 |
| Token Type | BEP-20 |
| Blockchain | Binance Smart Chain |
| Price as of October 29, 2021 | 9,87 $ |
| Maximum emission | 800.000.000 Squids |
| Current edition as of October 29, 2021 | 78 617 408 Squid |
| Official website | https://squidgame.cash/ |
| Accountant | https://bscscan.com/token/0x87230146E138d3F296a9a77e497A2A83012e9Bc5 |
| White paper | https://squidgame.cash/SquidGameWhitepaper.pdf |
| Audit | https://squidgame.cash/SQUIDAudit.pdf |
| Blog | https://medium.com/@squidgame_bsc |
| Social media | https://www.instagram.com/squidgames_bsc https://discord.gg/JmBQT24jsR/ https://t.me/SquidGames_Channel/ https://t.me/SQUIDGAMEBSC_Global https://bitcoinforum.com/bitcoin-projects/take-a-look-at-squid-game-$squid/msg85490 |
| Contacts | [email protected] |
| Exchanges | Pancakeswap |
Price, SQUID chart
The project includes six games. They follow one another, meaning you have to go through the previous one to access the next.
Red Light, Green Light
This game really exists and is popular among children in Korea. A chosen leader turns their back and sings the song, while the others gradually approach them until the singing stops and the leader turns around. The winner gets back their 456 SQUID and access to the next game.
Sweet Dalgona
Players have 30 seconds to cut out the patterned shapes of round candies. In real life, there is also an analogue of this game – a popular Korean street food is candies with printed shapes that need to be cut out perfectly. Players who successfully cut out the candies win. NFT which will be useful in the next game.
Corporal-de-guerra
Similar to tug-of-war. The game is played by 20 players against 20. By clicking frequently with the mouse, you need to increase your strength and defeat the other team in a tug-of-war. All members of the winning team receive a second-level NFT.
Marbles
The round is based on the popular marbles game worldwide. Two players receive ten marbles. The objective of the game is to collect all the marbles. Each time the game starts, 10 teams of 2 players each will be formed. The winners receive a set of NFT level 3 marbles.
Glass trampolines
Players will have to jump across a suspension bridge made of glass panels. Some are brittle and others are hardened. If you step on a normal one, the panel breaks and the player falls. The winner gets a level 4 NFT.
Squid Game
A similar game was played in South Korea in the 70s and 80s. The playing field is shaped like a squid: a triangle with a circle on top. Two players, a defender and an attacker, face each other. The attacker must reach the squid's head and touch it with their foot, and the defender does everything to prevent this.
The winner takes all the accumulated bonuses in the pool.
The role of NFT
Squid Game will be released 5 NFT categories of varying degrees of rarity and with different functionalities. Each token is unique and can be used to access the next game or simply sold. Each series also includes several limited edition NFTs to improve your game's performance.
The Squid Game platform has a marketplace where you can buy items and costumes presented as NFTs.
Squid game script
In October, when the project had not yet entered the open market, the developers were developing the social media and website, writing technical documentation, and interacting with influencers. An audit of the protocol was conducted and published. A partnership was established with the Yield Guild Games and GALA Games projects. A recruitment campaign was launched for the Asian and European markets.
Squid Game's plans for November and December 2021:
- Continuation of marketing campaigns and expansion of the number of players.
- Adding more prizes and winners to the pool.
- Listing on top-tier exchanges.
- Launching a mobile application.
- New partnerships.
Distribution of SQUID tokens:
364 800 000 (45,6%)
319.200.000 (39,9%)
40.000.000 (5%)
55 607 680 (6,96096%)
13.825.920 (1.72824%)
800.000.000 (100%)
Where to buy, sell and store SQUID
SQUIDs are used to store decentralized Cryptocurrency wallets that support tokens on the Binance Smart Chain, for example:
Currently, you can only buy the SQUID token on the DEX. Pancakeswap (link (in the exchange form), but listing in other centralized and decentralized platforms. platformsCurrently, it is impossible to sell the token on PancakeSwap due to anti-dumping mechanisms established by the developers and specified in the roadmap. SQUID liquidity will be locked for three years until October 20, 2025. To buy a token, you must connect any of the DeFi wallets (Metamask, WalletConnect, Trust Wallet, MathWallet, TokenPocket, Binance Chain, SafePal, Coin98) to the PancakeSwap exchange.
If there is no cryptocurrency available for exchange in your wallet, you can buy it anywhere. cryptocurrency exchange (For example, Binance, OKExor in exchangesThen, perform an exchange on PancakeSwap. For example, to exchange for Binance Coin (BNB), we buy the Squid Game token (SQUID):
Example of purchasing Squid Game (SQUID) for Binance Coin (BNB)
On Packswap, it's better to buy SQUID with BNB. This is because only the SQUID-BNB pair is officially supported by the project, and this is indicated in the roadmap. To buy BNB, we use an exchange. BinanceNext, we transfer the BNB from the exchange to the DeFi wallet address that needs to be connected to Packswap. When making a transfer, select the Binance Smart Chain (BSC) network. In our example, we use a wallet. Metamask (This is a Chrome browser extension). Select the BNB to SQUID exchange direction. We indicate the quantity; in our example, 0.0895 BNB gives 3.45446 SQUID, taking fees into account.
Click TO REPLACE e confirms to exchange:
To complete the exchange transaction, you need to confirm it in your wallet. In our case, in Metamask we clicked... confirmed:
The purchase of 3.45446 SQUID was completed successfully and you can add them to Metamask:
SQUID tokens have been added to the wallet:
Conclusion
Of course, the popularity of Squid Game is closely related to the popularity of the Squid Game series. There's a possibility that, when the initial enthusiasm wanes, the platform will become less sought after. However, the essence of the gaming platform is interesting as a standalone project. This is something new in the field. GameFi While other blockchain gaming platforms offer the opportunity for win-win gains, when "playing Squid" the player has the chance of a really big win, the size of which depends only on the number of participants, but also has the possibility of losing. This makes the Squid Game a bit like a game of chance.
Conclusion
The Squid Game project turned out to be a scam. The token price plummeted to zero, and the website and social media accounts were deleted. Before the scam, the price of... Coinmarketcap It reached US$2,861. The project's creators sold tokens worth US$2.1 million.