🪙$SLING
An ERC-20 token that powers Slingshot DAO
What is $SLING?
SlingShot DAO has adopted the $SLING token - an ERC-20 token.
$SLING is both a utility and governance token.
UTILITY
By locking your $SLING tokens in a voting escrow smart contract, you receive Voting Power, which can be utilized in several ways:
1 - Gaming Ideas: Cast your votes for your favorite gaming ideas each round on the Slingshot app and earn rewards in return.
2 - Governance: Use your Voting Power to participate in governing the Slingshot DAO. You can submit proposals and vote on proposals that impact the direction of the ecosystem.
Additionally, $SLING tokens will be required to pay for gas fees on Slingshot's upcoming L3 Arbitrum Orbit Chain.
GOVERNANCE
$SLING can be used to submit governance proposals and vote on governance matters. You can do this via discord governance forums: https://discord.com/invite/slingshotdao Before you can vote for a proposal, you will need to lock up your $SLING to receive voting power. You can find more information on how to lock up your $SLING HERE.
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