$SLING Token Goes Live Following $16M Investment Round

Slingshot DAO, a Web3 gaming ecosystem focused on Roblox, has officially launched its native token, $SLING. Trading for $SLING is now live on KuCoin, MEXC, and Uniswap, marking a significant milestone for the project.

Slingshot DAO announced that $SLING is now available for trading on major centralized exchanges (CEXs) and decentralized exchanges (DEXs). The token pairs with USDT on KuCoin and MEXC, while Uniswap provides a decentralized trading option on the Arbitrum network.

$16M Investment Fuels Expansion

Slingshot DAO secured a $16 million funding round, backed by Dragonfly Capital, Animoca Brands, Digital Currency Group (DCG), Sfermion, Standard Crypto, Sanctor Capital, Collab+Currency, and Alphabit. This capital supports Slingshot’s vision of transforming community-driven game publishing on Roblox, which boasts over 85 million daily players.

What Is Slingshot DAO ?

Slingshot DAO combines AI, Web3, and community governance to fund and launch games within the Roblox ecosystem. The platform allows:

• Game developers to showcase concepts in a monthly competition.
• $SLING holders to vote for the best game ideas.
• Winning games to receive up to $50,000 in funding and development support.

With 11 games already launched and 3.3 million monthly active players, Slingshot DAO aims to redefine gaming publishing through community-driven funding.

What It Means for You [NFA]

For gamers and developers, $SLING provides an opportunity to shape the future of Roblox gaming. Token holders vote on projects and potentially earn rewards. Developers gain access to funding, exposure, and a community-driven support system.

For investors, $SLING enters the market with strong backing and a clear use case, but market conditions and token utility will determine its long-term value. As always, conduct thorough research before investing.

Community Reaction

The $SLING community was very excited about the launch and it really surprised me how many people actually cared about the launch. Definitely one of the stronger communities in the space. There were a couple of good, positive questions also put up to the team but in general everyone in the community seemed content.

• Zac | SS : “The lads COOKED on this one, fire vid! Revolution starts here with $SLING“
• DML: “Let’s go $SLING !!!!”
• F: “What is your plan in order to keep SLING token and community sustainable?”