South Korea’s Squid Game series, which has become Netflix’s flagship streaming service, has made an impact in other industries. For example, on Wednesday, a new cryptocurrency called SQUID saw the light of day. In addition, the new cryptocurrency has grown by more than 2,400% in the last 24 hours and has a market value of $ 174 million.
CNBC reports that the series has caused a great stir around the world, which is now also felt in the cryptocurrency market. Now the series has acquired its own cryptocurrency, which is currently very popular. According to digital currency makers, the SQUID cryptocurrency went on pre-sale on October 20 and was sold out immediately. Cryptocurrency was created as an exclusive payment method for the web game “Squid Game Project”, which will be launched in November.
Currently, one SQUID coin costs about three dollars. The creators of the web game point out that in the virtual “Squid game”, similarly to the series, there will be six games and only one winner, who will also get all the money. Players will need to place SQUID virtual coins directly on the game.
However, the creators of the game emphasize that joining this web tournament (in which no one will lose a life, as it is in the series) will not be a cheap pleasure. Participants will have to pay an amount in excess of $ 30,000. The game fee will be divided between the game creators (10%) and the total prize pool (90%).
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