What’s more interesting is how the experiment will pan out and what it means for highly autonomous communities. No one knows what will happen to Squid in the future. Many companies have neglected the importance of community and shared culture, the true core of pop culture, in essence replacing fun with craze. However, generating notoriety is only the first step. Though Squid did not get the green flag from Netflix to use their IP, they had the insight of how this could be the opportunity of a lifetime, only to let it flop. Whether it’s Dogecoin, SHIB or Squid, what’s truly surprising is their ability to attract attention and capital within a short time frame. Called Squid, the digital currency began trading on the PancakeSwap platform on October 26 at a penny per token, according to crypto-pricing website CoinMarketCap. What’s truly important is what could be learned from Squid’s roller-coaster ride. Whether or not Squid is a scam is no longer the focus point. Binance is exploring options to help those harmed, including. Future of Squid Shines Light on Path for DAOs Crypto exchange Binance is investigating the SQUID token crash and considers it a scam, a company spokesperson confirmed to CoinDesk. Their unyielding support for Squid seems to also reflect its potential. As for scammers, we believe the law should serve them what they deserve.”īesides LBank, Squid has also been listed on CoinW, AOFEX, PancakeSwap，BKEX, Hoo and Dinosaur Eggs. A project’s worth will eventually be determined by the market. It’s inevitable that autonomous communities will seek value consensus within their group. However, we do believe in users’ freedom to trade. In an interview, a representative from LBank stated, “Frauds of any kind are forbidden on LBank and should not be tolerated whatsoever. The listing of Squid on LBank caused quite a controversy in their community with some very upset about the listing and others expecting another surge in its value. Squid is listed on many exchanges, including LBank, one of the world’s top exchanges that holds the largest collection of altcoins among global CEX. Unyielding Support Continues as Squid Lists on Dozens of Exchanges I’m not missing out on this” said another trader. Its DAO status makes Squid stand in the most unique position, practically an industry experiment. That’s why it started rising again on November 3 rd. “ More press coverage attracts even more attention and hence a new surge in its value. “The rug pull has made Squid’s community become a de facto decentralized autonomous organization, which means power back to the user and a lesser chance of things crashing down again,” said a community member that traded in Squid even after its crash.
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