The evaluation of SLING (Slingshot) uncovers a critical identity crisis and a stark contrast between its institutional backing and its market reality. The token officially belongs to Slingshot DAO (a Web3 gaming ecosystem backed by Dragonfly and Animoca), not the popular Slingshot Finance DEX aggregator, which has no token. While the project scores well on 'Team and Governance' (7.8/10) and 'Security' (7/10) due to reputable VC funding (~$16M) and a Paladin audit, the remaining pillars are failing. 'Active Development' is opaque with no public code, and 'Tokenomics' (1.5/10) are alarming, featuring a tiny circulating supply (~3.7%) and massive dilution risks. The 'Market and Use Case' score (1.5/10) reflects a 'zombie' status: the token is trading down ~99% from ATH with negligible liquidity and a micro-cap valuation (<$150k), indicating total market apathy or abandonment. Despite the high-profile investors, the project currently functions as a 'dead' asset with confused utility, making it an extremely dangerous investment.