Dinger Technical Update 21 09/Apr/2022
A quiet week this week as $DINGER trades between a 7 and 8 million dollar market cap.
However, the team has shared a few development updates with the community, including alluding to our upcoming marketing effort. The team has told the community that this event will be the first of its kind in the world, and should be a historic event. Many updates regarding Cat-apult and Cat-iversity were shared. Showing holders that a lot of development is still underway.
Token economic information is as follows:
ETH
Market Cap: 7.2m USD
Liquidity: 869k USD
Daily Volume: 7.1kUSD
Holder Count: 7,114 (-61)
https://www.dextools.io/app/ether/pair-explorer/0x21a7afa9f7e2d48bfa8e8f384d77f3b5c19a5add
BSC
Market Cap: 8.7m USD
Liquidity: 236k USD
Daily Volume: 4.4k USD
Holder Count: 1,317 (-7)
https://www.dextools.io/app/bsc/pair-explorer/0xe69e56628eb88a2abc225ce9d3e5d457edb8a71e
Utility
D-lock
Not much to disclose in terms of updates regarding D-lock, except for a couple more projects locking with the platform. Unfortunately, the website is still a work in progress and at this time I am unable to provide this week’s latest locking information.
This issue has been raised with the team and will hopefully be rectified shortly.
The locker can be found here;
Certik Audit findings can be found here;
https://www.certik.com/projects/dinger-token
Cativersity
This week more developments regarding Cat-iversity have been disclosed. Some more episodes have been sent to the team for review, and these should be making their way to the platform in short order. In addition, there will now be a weekly educational live stream on Thursdays. The community will vote on several topics for that week, and the winning topic will be explained in a live stream for all those interested in learning.
Legends of Dinger (P2E)
This week, minor bug fixes on the marketplace were fixed. These were mostly visual and would affect the polished look of the game, and so have been amended.
Now the level selection part of the game has been updated and is ready for deployment into the game.
More information can be found here:
https://www.legendsofdinger.com/
Cat-apult
The team is constantly meeting with teams who are looking to launch projects on the launchpad platform. Tony has said that many of the team’s ideas were of very poor quality and some were mostly cynical cash grabs. After the failure of Student Athlete Inu (SAI), the team has tightened the belt on who can use the launchpad and who cannot. There have been many successful launches on the platform, and the team is looking to increase the quality control further.
9Lives
Development continues, no announcements for this week regarding this product.
Marketing
The weekly raid winners have received their earnings for helping to spread the brand across social media channels. The team has found that many people are unhappy about not winning every week, however, we have now managed to initiate more people into the effort.
It remains a fine line to walk, the team does not want to have people just raiding for the money and doing the bare minimum, whilst losing the interest of people who are happy to raid naturally.
The team is instead going to shift efforts for now into using this money for more direct marketing for the time being.
We are now moving away from using influencers to help with marketing, as it was found that many of them were using their followers as exit liquidity.
Website
Some more bug fixes on the website have been attended to. The team is now focusing on SEO and shifting the domain over to the new site, as the site redirects to a URL with a hyphen in it, which is detrimental to SEO.
The site can be found here:
Merchandise
Some more merchandise is being added to the range, including a black tee-shirt and camo hat.
More free merchandise has been sent out to community members who have helped the project in various ways.
More information can be found here;
https://www.dingercatmerch.com/
NFTs
Currently, 656 Degens have been minted out of a total of 10001.
Further information can be found here;
https://mint.dingerdegens.com/
Also, as part of the coming P2E game, D-cats are now available to mint, which will be instrumental in the game’s earning mechanics, allowing members to secure their NFTs early.
More information can be found here:
https://www.legendsofdinger.com/
Partnerships
While efforts with our partners are still underway, the team hasn’t shared much in the way of updates at this current time. However, likely, it is still very early days, especially regarding the Chainlink partnership. More details are likely to come in the following weeks.
Market Conditions
A very shakey market this week saw Ethereum plunge to below $2900. The market appears to be recovering slightly at the moment, however, it shows that market sentiment in cryptocurrencies is still somewhat uncertain.
The price of ETH is currently looking bearish as many traders were expecting the coin to resume uptrends but the 9-day moving average is still below the 21-day moving average. Although, the Ethereum price is currently hovering above the 9-day moving average changing hands at $3077 which is yet to break towards the upper boundary of the channel.
Moreover, a bearish drop may continue to roll the market down to the support level of $2600, $2400, and $2200 while a possible bullish surge may drive the market towards the upside to hit the nearest resistance at $3500 as the $3600, $3800, and $400 may further provide resistance levels for the market. Meanwhile, the Relative Strength Index (14) is still below 50-level, crossing above this level may cause the coin to revisit the $3200 resistance level.
