The crypto sector is filled with thousands of project debuts every year. However, very few projects have been able to survive the harsh crypto climate, and even fewer have survived the test of time. SquidGrow is one project that has not only managed to pull through with flying colors but has also sustained growth in a bear market. SquidGrow was started by Shiba Inu’s (SHIB) early investor and billionaire, Shibtoshi, and renowned trader AreDub.
How has SquidGrow managed to rise in such uncertain times?
SquidGrow’s rise prompts the question of how or why the project succeeded where many others have failed. Investors want to see other investors cooperating with them to achieve a common objective. A project needs to enthrall and inspire its supporters to both grow and proliferate over time. The SquidGrow team was able to do just this in under a year. They support a fervent crypto community of over 17,000 holders. Moreover, this number is growing exponentially and is heavily active on social media, sharing the project’s message.
Another factor in success is availability. The token, although a Defi-based one, is now on over ten centralized exchanges. The token is built on the Binance Smart Chain (BSC). It is noteworthy that the BSC market hasn’t seen much activity since 2021, with just a handful of ventures finding success in this area over the past 12 months. This stands in stark contrast to the Ethereum (ETH) blockchain, which has been the foundation for the majority of projects with a higher level of success.
How does the project aim to grow?
The launch of SquidGrow’s Ethereum token supply will expose it to a much larger investor base. As it releases on ETH, SquidGrow will become multi-chain, allowing its investors to purchase SquidGrow on any network they choose by safely bridging across the blockchains.
Utility is another requirement for a project’s success, in addition to availability and a sizable collective. SquidGrow excels in this area because of its wealth of rollouts and utilities. Throughout its existence, the project has boasted its dependable and high APR staking pools, which has encouraged its users to keep holding. Its own swap service, known as SGS, enables traders to exchange tokens on a network that is extremely secure. Many platforms are adopting it for integration through different partnerships.
Additionally, through a custom contract that streamlines this procedure, it has the capacity to take on and incorporate additional projects into its own system, giving rise to the moniker “Squidgrow”. Working along with renowned Marvel and DC artist Mike S. Miller, the developers will introduce a fully functional NFT ecosystem and marketplace.
The debut of SGX will be one of the main attractions for SquidGrow. This decentralized perpetual exchange will be SquidGrow’s flagship utility. This is particularly necessary when governments tighten regulation of the bitcoin industry. SGX will stand out from the competition by generously reinvesting exchange fee revenues as buybacks and liquidity into SquidGrow’s ETH and BSC charts.
Why will SquidGrow grow?
Most meme tokens haven’t had anything to offer besides blowing up the charts. As a result, when their particular pump periods are over, they quickly become irrelevant. Although the project has a meme component, it prioritizes utility over memes. The “utility-meme” token, which SquidGrow has named, is a novel sort of token that it has effectively copyrighted.
A cryptocurrency project’s natural capacity to present itself to the world through deft and effective marketing efforts is its most crucial feature. SquidGrow, to put it mildly, rules this market. In addition, the team is made up of individuals from all parts of the sector who have joined forces to form a powerful network that will support ongoing marketing efforts.
To learn more about the project, visit the links below:
Website: http://squidgrow.wtf/
Twitter: https://twitter.com/Squid_Grow
Instagram: https://www.instagram.com/squidgrow.wtf/?hl=en
Telegram: https://twitter.com/Squid_Grow
Reddit: https://www.reddit.com/r/SquidGrow/
Medium: https://medium.com/@SquidGrow
TikTok: https://www.tiktok.com/@squidgrow/
Audit: https://skynet.certik.com/projects/squidgrow
CMC: https://coinmarketcap.com/currencies/squid-grow/
CG: https://www.coingecko.com/en/coins/squidgrow
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