SlingShot DAO: Month 3 Review

Three months have whizzed by, and SlingShot DAO’s achievements are noteworthy. Four rounds have been successfully completed; $8,000 in USDC, 20,000 $SAND, and 2 million $SLING in rewards have been awarded to users who submitted winning game ideas. Additionally, $120,000 USDC has been committed to studios to transform these ideas into tangible gaming experiences.

Nexonik, the community’s first hire, has begun orchestrating daily Discord events. In conjunction with the weekly Discord Mixer and the launch of the inaugural GameJam, a dynamic community of creators is steadily emerging.

Yet, despite these successes, the community’s exacting standards have necessitated a five-week intermission. This pause is intended to address queries and reassess certain statistics. Thus far, SlingShot DAO’s emphasis has primarily been on product and tech, inadvertently overshadowing the growth and marketing sectors. This intermission will provide an opportunity for the marketing group to regain its momentum and announce SlingShot DAO to the world as a hub for content creators and UGC enthusiasts. With all elements in alignment, Round 5 promises to deliver a significant impact.

Highlights:

• First community mod hire, Nexonik.
• Started daily community engagement activities
• 4 week intermission before Round 5, in order to focus on community requests
• Lots of product and tech updates.
• Airdrop ended with 34% being claimed. 17m / 50m. 366 users claimed.

Community Metrics:

• Discord members: 801 to 708 (-11.6% decrease)
• Twitter followers: 1799 to 1735 (-3.56% decrease)
• Ideas submitted: 15 in Round 4
• Unique token holders: 641 to 793 (23.7% increase)
• Round 4 participation rate: 62.7%

$SLING Metrics

• Total $SLING locked: 21.2mto 39.9m (88.2% increase)
• Avg Lock Duration: 25 to 26.4m (5.2% increase)

Governance:

• 1 new governance proposal was submitted this month and advanced to vote.
• The vote passed with a unanimous vote in favor.
• Snapshot voting participation was lower at 4.13% but both the voting power used and the number of unique voting wallets increased over last month.

Engineering Updates:

• 46 tickets closed
• 54 code merges
• Significant progress creating Web2 users with social media login
• Automated build pipeline created in Jenkins
• In app notifications/messages
• New application homepage showing leaderboard information
• Many small QOL improvements and bug fixes

Website:

• Users: 2800 to 3300 (17.9% increase)
• Sessions: 4,700 to 6,000 (27.6% increase)
• Avg engagement time: 2m 21s to 1m 47s (-24.1% decrease)

As always, join the community over at discord and say come say hi!

ChainScribe.