What is Squid Game?

Squid Game (SQUID) began as a meme token on BNB Smart Chain. The description states there is no founder team and that development is community-driven and leaderless. It later transitioned to Squid Game V2 Token (SQUID) and describes the upgrade as moving to a more secure token contract on the BNB Smart Chain.

The project’s history is presented as a migration from SQUID V1 to SQUID V2, motivated by vulnerabilities attributed to a proxy contract in SQUID V1. Squid Game V2 is described as using non-upgradeable contracts to remove a centralized point of control and prevent unauthorized alterations. The description also attributes cross-chain interoperability to LayerZero and references OFTV2 technology, but it does not provide further technical or governance details, such as a supply cap or a specific governance model.