Dingocoin
DINGO
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Dingocoin (DINGO) is a Scrypt-based Proof-of-Work meme coin launched as a Dogecoin fork with a fair-launch issuance model, zero insider allocations, and a modest annual tail inflation rate of approximately 0.5%. The project maintains genuine open-source development activity, having completed a network upgrade in September 2025 with plans for a scaling upgrade (Geelong). However, the project exhibits significant vulnerabilities, including severe bus-factor risks with only one or two primary developers, no third-party code audits, informal governance without an accountable team, and a negligible verifiable community footprint. Furthermore, its micro-cap valuation ($2.3M-$2.96M) and reliance on semi-centralized bridge custodians for wrapped representations on other chains present ongoing operational risks. No qualifying red-flag events or security exploits were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Dingocoin (DINGO)
Dingocoin (DINGO) is a Scrypt-based Proof-of-Work meme coin launched as a fork of Dogecoin. Created via a fair launch with no initial team allocations or pre-mines, the project positions itself as a low-fee transactional medium of exchange and community-oriented meme token. Dingocoin operates on an algorithmic issuance model with a perpetual tail emission of 10,000 coins per block, resulting in a circulating supply of approximately 107.59 billion tokens and an annual inflation rate of roughly 0.5% without embedded token-burning mechanisms.
The project maintains open-source development on its core client (Dingocoin Core), which completed a network upgrade in September 2025 at block height 2,254,540. Development plans include a scaling upgrade designated as the Geelong upgrade, aimed at increasing base network throughput from 33 to 330 transactions per second. In addition to its native blockchain, Dingocoin has wrapped representations across Ethereum, Binance Smart Chain, and Solana to enable interoperability on external decentralized finance networks.
Dingocoin faces several structural and operational risks. Development and maintenance are handled by a pseudonymous developer base—primarily 'Farsider' and 'Rayson Kaelbling'—presenting notable bus-factor risks with an informal governance structure and no decentralized autonomous organization (DAO). Neither the primary blockchain codebase nor the cross-chain wrapped contracts have undergone third-party security audits. Furthermore, the cross-chain bridges rely on a small group of custodian nodes, and the asset remains a micro-cap cryptocurrency with thin daily trading volume and a minimal verifiable on-chain footprint across its wrapped networks.