SQUID is being traded via a platform called PancakeSwap , which is basically like an indie version of the mainstream trading sites more people are familiar with. Anyone can create and distribute a new cryptocurrency on PancakeSwap. Because it’s so easy to use, though, the site is also very susceptible to scams.
Read moreHow does a rug pull happen?
Rug pulls happen when fraudulent developers create a new crypto token, pump up the price and then pull as much value out of them as possible before abandoning them as their price drops to zero . Rug pulls are a type of exit scam and a decentralized finance (DeFi) exploit.
Read moreHow much did Squid Game coin steal?
In reality, the whole thing was a scam. And Hartford was just one of its many victims. Just after 1:38 pm UTC on November 1, $3.36 million that had been invested into Squid Game coin was yanked out of the project by its creators.2 Kas 2021
Read moreIs squid crypto real?
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
Read moreIs Squid Game token real?
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
Read moreHow can you tell if crypto coins are fake?
Look for the website and whitepaper of project : This is the best way to ensure that the cryptocurrency you are investing in is legitimate. Every token publishes a whitepaper explaining all underlying fundamentals and technologies involved in the design of the blockchain backing that token.
Read moreWhat is the cryptocurrency for Squid Game?
The cryptocurrency, called Squid, began trading early last week at a price of just one penny per token . In the following days, it drew attention from a number of mainstream media outlets. By early Monday, it was trading at $38 a token on a cryptocurrency exchange called Pancakeswap.
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