Dinger Technical Update 23 07/May/2022
The market remains in a dire situation this week as eth falls once again below the $2700 line. Development with $DINGER has ramped up a little, with a large change coming shortly, details to be announced very shortly.
This is expected to take the form of some contract upgrades to bring the project up to date and to tie it in better to our suite of utilities. This should be bullish for investors as we can begin again with a clean chart and a much more robust contract. However, the team is yet to confirm this.
However, development continues steadfastly on the $DINGER project, with more updates this week as follows.
Token economic information is as follows:
ETH
Market Cap: 4.6m USD
Liquidity: 623k USD
Daily Volume: 18k USD
Holder Count: 7,074 (-15)
https://www.dextools.io/app/ether/pair-explorer/0x21a7afa9f7e2d48bfa8e8f384d77f3b5c19a5add
BSC
Market Cap: 5.3m USD
Liquidity: 150k USD
Daily Volume: 240 USD
Holder Count: 1,304 (-19)
https://www.dextools.io/app/bsc/pair-explorer/0xe69e56628eb88a2abc225ce9d3e5d457edb8a71e
Utility
D-lock
No updates regarding Dlock this week, the website issues remain in place as the team focuses its efforts elsewhere. However, the platform itself is still working perfectly.
The issue is with the “fetching latest data” loading animation taking a long time to load the information people might be looking for. Giving the impression that the site is broken, then it is not.
This issue has been raised with the team and will hopefully be rectified shortly.
The locker can be found here;
https://dingerlock.com
Certik Audit findings can be found here;
https://www.certik.com/projects/dinger-token
Cativersity
Episodes are still in filming at this time.
Live sessions are now live on the dinger youtube channel, which can be found here.
https://www.youtube.com/channel/UCzItA-sAY1C_jgDCmlNGFzg
Legends of Dinger (P2E)
The v1.1 update to the marketplace has been added to the game, now allowing gifting and a small chance to win a rare NFT, or extras when using the marketplace.
The game looks set to launch in 1 to 2 weeks from now.
More information can be found here:
https://www.legendsofdinger.com/
Cat-apult
Cat-apult 2.0 development continues this week, without much to say in terms of updates. However, it is expected that currently the platform is being built and tested. The real difficulty is in setting an appropriate rule set for users of the launchpad. Automation of a product requires a strict set of conditions to be set that is intended to mimic the decision-making skills of a human. Invariably, this is a balance that must be struck between being too difficult to meet and letting in low-quality projects. This will likely be revised many times going forward.
9Lives
The team is now trialing a manual case study in the 9-Lives platform, where everything is handled manually to collect data on how best to automate the process. There will likely be several of these real word tests used to shape the development of the platform.
There are many pitfalls and issues when trying to create a utility like this, and the goal is to make sure the platform cant be used to drain the $DINGER liquidity pool and fail in some less spectacular manner.
After the failure of SAI (the developer bailed out on the project after lying his way onto the platform for weeks), the team is very eager to make sure this can be curtailed in the future.
Now $DINGER will have to go through AssuredDeFi, a 3rd party KYC partnership, which allows for accountability and legal responsibility on the developer.
Marketing
EastCoastVandal has now begun development on a PDF that will help to instruct content creators and meme creators on how best to use the dinger brand. To try to create a coherent brand image that is universally recognized across all social platforms.
Website
The website domain has now been transferred over to the new site, which is very useful for SEO. Now the site doesn’t redirect to the hyphenated version of the URL as it did during migration.
The site can be found here:
www.schrodingertoken.com
Merchandise
The merchandise continues to be sent out, and the community has been speaking highly of its quality and design.
More information can be found here;
https://www.dingercatmerch.com/
NFTs
Currently, 658 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
AssuredDeFi is the latest partner to be incorporated into the $DINGER ecosystem to assist with launchpad verification and KYC of teams launching on the service.
The team is also looking to partner with more projects that can bring a mutually beneficial deal to the space. To move away from influencers who are dumping on charts and scamming their own followers.
Market Conditions
Investors are still weathering out a bearish market outlook for the short term as eth plunges below the $2700 mark.
Data collected by SeekingAlpha shows the DeFi and exchange market are both down around 50% for the last 365 days. With ETH and BTC only being down 17.7% and 24.8% respectively. This possibly shows that despite the market being bearish overall, many are still holding ETH and BTC, while not trading actively. Or probably, trading bots are simply swinging these 2 coins endlessly. The proliferation of trading bots seems to be creating a large stumbling block for new retail sector investors coming into the market, who paper hand their investments as soon as the price drops by even a couple of dollars.
Sheer speculation aside, this is not a good look for the crypto market as a whole and poor performance in the larger gas tokens means very few new investors will break through into the Defi market. At least for a good while until hype builds up again.
