Squid Game (squid-game.cool)
Crypto Overview
Overview
The Squid Game (SQUID) token was originally launched in October 2021 as a play-to-earn cryptocurrency game inspired by the Netflix series. The initial project turned out to be a scam where developers abandoned the project after a massive price surge, leading to substantial losses for investors.
Current Status
As of 2024, there appears to be a new project using the same name at squid-game.cool, but there is extremely limited verifiable information about this project. The website displays minimal technical documentation, no clear utility explanation, and no transparent team information.
Intended Purpose vs Actual Use
While the project claims to be building a gaming ecosystem, there is no evidence of actual development or implementation of any gaming features. The token appears to function primarily as a speculative trading instrument with no clear underlying utility.
Development Activity
There is no visible development activity or public GitHub repository that can be verified. The project lacks transparency regarding its technical implementation and roadmap progress.
Token Distribution and Founder Information
Information about token distribution, vesting schedules, and founder identities is not publicly available. This lack of transparency raises significant concerns about the project's legitimacy.
Crypto Impact
To assign a comfort level investing in Squid Game (squid-game.cool) 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 (squid-game.cool).
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.
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