Squid Game, the popular South Korean survival drama, has gone off the charts in terms of popularity ever since its Netflix debut on September 17. And now a cryptocurrency of the same name, Squid Game Token (SGT), has taken the crypto world by storm within just over a week of its launch on October 20.

Squid Game Token (SGT) was last trading at USD4.39. The cryptocurrency is based on a play-to-earn concept, where people interested in the currency have to buy it to fund the entry fee for the game, which has 6 levels. The players can then cross the levels and continue winning more coins of the cryptocurrency.

Fancy investing in Squid Game cryptocurrency? Here’s all you need to know

How to buy Squid Game Token?

The buying process is a bit more complex as compared to buying many major crpytos such as Bitcoin or Ethereum. The token is listed on Binance Smart Chain, which is a crypto solution where crypto creators can list their coins.

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Here’s a stepwise guide on buying SGT token:

Purchase bnb from any exchange and transfer it to trust wallet.

Shift them to Pancakeswap.com, which is a decentralized exchange.

Search for SGT

Once you have found the right token, you need to transfer the asset on to the chain and you will be paid back in SGT.

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The cryptocurrency has caused a huge buzz in the crypto world, but not only because of its popularity and the huge rise, but also because there have been reports that people are unable to sell the cryptocurrency once they have purchased it. As per some media reports, this has been intentionally done by the creators as part of anti-dumping measures to prevent pump and dump scams, which are highly common in crypto, especially Binance Smart Chain or BSC, where the token is listed.