What is Squid Game?

Squid Game (SQUID) is a digital asset that originated as a meme coin on a certain Smart Chain. It is a community-driven token, with no founding team, that seeks to embody the essence of decentralization. The SQUID token is designed to be more than just a cryptocurrency, with the intention of providing a range of services and utilities to its holders. The project has been constructed with multiple layers of protection to ensure a high level of security for its community. It has been designed to mitigate large token dumps that could potentially destabilize the market, and the development wallet is hardcoded to be locked for one year, demonstrating a sustained commitment to the project.

How does Squid Game work?

Squid Game operates on the principle of decentralization, meaning that no single entity has control over the project. It is fully driven by its community, which determines the future of the token. The smart contract for the SQUID token is designed to be rug-free, with a unique safety mechanism that only allows a maximum of 10M SQUID tokens to be transferred from both the Marketing Wallet and the Development Wallet within a 24-hour period. This mechanism seeks to mitigate large token dumps that could potentially destabilize the market. Furthermore, the Development Wallet is hardcoded to be locked for one year, ensuring a sustained commitment to the project.

What are the potential use cases for Squid Game?

Squid Game seeks to provide a range of services and utilities to its holders, making it more than just a cryptocurrency. The project is expanding to another Mainnet, aiming to offer a wider range of possibilities for its holders by opening up new ecosystems and opportunities. The expansion is designed to enhance the value and usage of SQUID, without causing any dilution to the SQUID on the original Smart Chain. The project is also working on creating a cross-chain bridge that will allow SQUID tokens to be transferred between the BSC and ETH networks, providing holders with the flexibility to choose the network they prefer to use.

What is the history of Squid Game?

Squid Game was originally founded by individuals who committed a rug pull and ran off with a substantial amount. However, the project was rescued by a passionate and committed team of community volunteers who breathed new life into it. The developers' addresses were blacklisted and an investigation into the developers was announced. Squid Game now aims to emerge as a decentralized cryptocurrency, with community autonomy. The previously extinguished flame has been re-ignited and the project is now progressing in developing a trustworthy currency.