True Squid Game Whitepaper 1. Preamble We are true fans of Squid Game and are tremendously disappointed at the creator(s) of the now infamous Squid Game (SQUID) token. Squid Game rewards the last player with the prize money, and we will do the same. 2. Tokenomics We will release our True Squid Game token under the symbol TSQUID. TSQUID will be a native BEP-20 token and will have a maximum supply of 456,000,000 TSQUID. The entire supply will be minted at the TGE. We chose the number 456 to reference the 456 players who participated in the actual Squid Game show. 3. The Game Players may participate in the game by using BNB to purchase 1 or more TSQUID (Qualified Purchase). Players may have as many Qualified Purchases as they wish. Players may not sell their TSQUID for the duration of the game. As more players join the game, the BNB pool will continue to grow; This BNB pool will contribute towards the Grand Prize. The game ends when the Random Event or Stop Time happens, whichever is earlier. The winner will be the player with the last Qualified Purchase prior to the ending of the game. The winner will be rewarded with the Grand Prize. 4. Grand Prize The Grand Prize will be 80% of the BNB that was swapped out after the end of the game. The winner will be paid within 24 hours after the end of the game. As this will happen on-chain, it will be transparent to all. The remaining amount will be used to cover administrative costs, and the excess will go towards supporting future games. 5. Qualified Purchase A Qualified Purchase is a purchase of 1 or more TSQUID in a single instance. Players may repeatedly purchase TSQUID to increase their chances of winning. All purchases must be done through swapping with the official TSQUID-BNB liquidity pool on PancakeSwap. The official contract address will be made available on our official website at truesquidgame.co. Please double check the official contract address to verify that you are purchasing the true TSQUID. 6. Random Event The Random Event is one of the two triggers that can end the game. The Random Event for this first game will be when the official Elon Musk Twitter account (@elonmusk) tweets the Activation Phrase “Declare $TSQUID Winner”. Twitter timestamps are displayed to the minute hence we will count the last Qualified Purchase prior to that minute. E.g. If the tweet has a time stamp of 13:37, the player who made the last Qualified Purchase before 13:37 will be the winner. 7. Stop Time The Stop Time is the second of the two triggers that can end the game. The Stop Time will be 11:00 on November 9, 2021 (UTC). If the winner is selected through the Stop Time, the winner will be the player who made the last Qualified Purchase before 11:00 on November 9, 2021. The timestamp on bscscan.com will be used to determine the last Qualified Purchase. “There’s this saying in investing: Try not to keep your eggs in the same basket.” - Sang-woo
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