Meme coins are now fully a part of our contemporary pop culture. The popularity of these coins reflects the trade and influx of funds in the crypto market.
Recently, in a single day, on June 12th, 2024, the meme coin sector witnessed almost US$4 billion injected for 12 hours, accounting for 9% of all trades.
The enthusiasm around meme coins has inspired many projects to emerge. However, one that has stood out in the crowd for its features, utility, concept, and value is SquidGrow: the ultimate secure utility meme-token on both BSC and Ethereum networks.
A Power-Packed Entrant in the Web3 Ecosystem from Shibtoshi
Shibtoshi is a revered name in web3, crypto, and especially in the space of memes, for being one of the earliest Bitcoin supporters and among the top Shiba Inu Whales. With his SHIB meme coin stash worth more than US$5 billion, Shibtoshi was the first person to become a billionaire from trading meme coins.
It was primarily Shibtoshi’s resilience, vision, and belief in the power of cryptocurrencies and blockchain that helped SquidGrow. Initially stealth-launched with a $25K market cap on the BSC network, it grew to achieve a 2000x increase to a market cap of around $52 million within a few months and eventually went multi-chain to Ethereum.
Known for his strong work ethic and commitment to building lasting legacies, Shibtoshi launched SquidGrow to cement a significant presence in the crypto space.
At present, with a community of more than 23,000 holders, Squid Grow is creating an ecosystem of captivating utilities within different industries. However, since its beginning in June 2022, the larger vision of Squid Grow has been to blend meme culture and entertainment with useful products. The inspiration – as hinted through the name – came from the highly popular Netflix show Squid Game.
Headquartered in the USA, Squid Grow is thriving as a strong community under the able leadership of Shibtoshi, the CEO, who not only funds the endeavour but also oversees each marketing and development effort of the platform personally.
The Unique Propositions of SquidGrow
The growth trajectory of Squid Grow has always been influenced by factors beyond its role as a meme coin, a reflection of its era. It has made sincere efforts and emerged successful in addressing and resolving some fundamental bottlenecks in the Web3 ecosystem.
SilentSwap
For instance, it has reinforced the need for privacy in the DeFi space by catering to the demand for private, non-custodial, decentralized cross-chain token swapping through the platform SilentSwap. Yet, it has ensured that enhanced privacy does not translate into security concerns of any sort! It has completed 11 extensive CertiK audits to ensure that there is no vulnerability in its smart contracts.
KnoxLocker
Apart from transaction security and privacy, Squid Grow has also addressed risks relating to liquidity. In a fast-emerging industry like crypto, which is always in greater flux, the abrupt withdrawal of liquidity by projects or efforts to compromise liquidity is quite common. Squidgrow addresses this risk as well through its Knox Locker Solution.
At its most primary level, KnoxLocker helps in securely locking liquidity. What it also achieves in the process is the enhancement of long-term stability and trustworthiness of projects.
Knox Locker is extensively audited by CertiK. It is compatible with multiple blockchain platforms and available at a competitive price. It has a user-friendly, intuitive interface that optimally simplifies the process for new project owners.
However, it is not only KnoxLocker that helps new entrants. There is the SquidGrow Absorption Machine that removes entry barriers for new projects by helping them integrate into a larger ecosystem and combat the common newcomer issues like lack of visibility or insufficient capital.
Squidgrow Absorption Machine
It is a feature integrated into Squid Grow contracts. It helps bigger entities to seamlessly absorb new and relatively smaller ones directly into their live chart and operational framework, facilitating and simplifying the M&A process with integrity, continuity, and stability.
Altogether, the vision of Squid Grow and the actions generated from that vision are never product-centric. It walks with an entire ecosystem, an entire community, so to speak.
When it comes to web3 creators, for instance, it can understand the pain points these creators go through in terms of the lack of control, lack of proper compensation, and more.
In devising a strategic solution, Squid Grow has thought of an entire royalty-friendly NFT marketplace that will support creator royalties and ensure artists’ earnings as a consistent stream of revenue. It includes features that are in demand, such as whitelist capabilities and split fees for founders.
With full control and easy management options, it will be a platform that will enhance the autonomy and profitability of creators within the NFT ecosystem.
Holistic, ecosystem-focused thinking has helped Squid Grow with the traction it needs to live up to its mission of rising to the top with unparalleled technology and fun!
With a market cap of more than 10 million, Squid Grow has garnered nearly 36,000 followers on X and close to 10K on Telegram. And with all its resources deployed on the ground, its growth will only accelerate in the future!
