A digital token inspired by the popular South Korean Netflix series Squid Game has lost almost all of its value as it was revealed to be an apparent scam . Squid, which marketed itself as a “play-to-earn cryptocurrency”, had seen its price soar in recent days – surging by thousands of per cent.2 Kas 2021
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The prize is $456,000 — though, unlike in the show, that number doesn’t increase as contestants are eliminated. Netflix’s Squid Game climbed over its one-inch tall subtitle barrier to become the most-watched show ever on the streamer, beating Bridgerton.
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How much is Squid worth? One Squid Game cryptocurrencycoin was worth $0.01 Tuesday. By Friday, a single coin’s value was worth $4.39. As of this writing, the coin was worth $6.80 per coin .
Read moreHow much money is the prize in Squid Game?
According to those behind the games, each player’s life was worth 100 million won for the pot. And the players that make it through the games can share the Squid Game prize money. So, with a total of 456 players, the compensation could equate to 45.6 billion won. In U.S. dollars, that equals around $38 million .
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After the horrors of Red Light, Green Light, the players in Squid Game are told that the winner will receive 45.6 billion won. Each player is said to be worth 100 million won each.
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Hartford’s initial $300 investment was worth $200,000 as the Squid Game coin rose to $600 per token . It’d eventually rise to a peak of $2,861, which would make Hartford just short of $1 million. In theory. In reality, the whole thing was a scam.2 Kas 2021
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John Lee couldn’t believe his luck. The $1,000 investment he made in Squid, a new cryptocurrency project inspired by the dystopian Netflix drama “Squid Game,” had skyrocketed in price. But within five minutes Monday, his money disappeared.3 Kas 2021
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