Squid Game (squidgametoken.vip)
Crypto Overview
Project Overview
Squid Game Token (SQUID) is a cryptocurrency that emerged in late 2021, inspired by the popular Netflix series. After an initial launch that ended in a notorious rug pull, the project was relaunched in 2023 at squidgametoken.vip.
Purpose and Utility
The relaunched token claims to be a play-to-earn gaming platform where users can participate in games inspired by the Netflix series. However, investigation reveals no functional gaming platform exists. The website is non-functional and shows signs of being a fraudulent operation.
Business Model Analysis
The project lacks transparency about team members, development roadmap, or legitimate business operations. The token appears to have no genuine utility beyond trading speculation.
Real-World Adoption
There is no evidence of legitimate adoption or usage of the platform for any stated purpose. On-chain analysis shows minimal genuine trading activity.
Development Activity
No verifiable development activity can be found. The project's GitHub repositories, if they exist, are not public.
Token Distribution
Token distribution information is opaque, with no clear documentation about allocation to team members or vesting schedules. This lack of transparency is concerning.
Crypto Impact
To assign a comfort level investing in Squid Game (squidgametoken.vip) from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Squid Game (squidgametoken.vip).
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.