Squid Game (SQUID)

SQUID is a fan- and meme-inspired token, whereas Bitcoin is a decentralized digital currency with a fixed monetary policy and a decade-long track record. Tokens like SQUID are typically created quickly on existing blockchains and depend heavily on community hype and attention. Always check the project's official sources before getting involved.

SQUID is a token issued on an existing blockchain, which means it relies on that network's consensus mechanism and security rather than its own. Transactions are recorded on-chain and validated by the host network's validators or miners. The token itself is essentially a smart contract that manages balances and transfers.

SQUID has a hard cap of 800,000,000 coins, meaning no more than that amount can ever exist. A fixed maximum supply prevents unlimited inflation from new minting. How those coins were initially distributed is described in the project's own documentation and is worth reviewing carefully.

Since SQUID lives on a blockchain, you can store it in any crypto wallet that supports that network, such as browser-extension or hardware wallets. You can transfer it to other users, trade it on platforms where it's listed, or simply hold it in your wallet. Always verify the official contract address to avoid fake copies of the token.