Dr. Skull Scares up the Price on Bitmart
by Gideon Six
One of the most recent additions to Bitmart is a fun and lighthearted coin listed exclusively on the Bitmart exchange(so far). The Dr. Skull(DRSL) coin became available for Deposit on 8/24/2021 09:00 AM (EDT), Trade on 8/25/2021 09:00 AM (EDT) and Withdrawal on 8/26/2021 09:00 AM (EDT). In the past 24 hours the price has gone from 0.00001 to 0.003(USDT) 24H Vol- 3,518,717.58165064 USDT and 0.000000000005 to 0.00000064(ETH) 24H Vol -73.136844716998 ETH as of this writing. So far, BscScan lists nearly 3,500 Holders.
Meet your new doctor
The official Dr. Skull website is not as menacing as the name would indicate. Instead the focus seems to be focused on a possibly calculated effort in poor grammar. For instance, next to the claim of being the “specialist of virtual currency,” the following message appears “Let’s get vaccinated. No one is take you to the moon And are there money trees on the moon? Oops…by mistake i told you the truth.” The developers of this coin seem to be uncertain of how seriously they want their proposed community to take them.
Community Driven
Dr. Skull promises to be fully decentralized. They are expecting the community to have 100% ownership and embrace “deiverse perspectives.” They are still soliciting donations at the following address : 0x57C220f0fF8264516f5540BD93ea94DDF30Bf8C8 accepting any ERC20/BEP20 tokens with a preference for $DRSL, $ETH and $BUSD. The website promises the donation will be used for marketing purposes and applying for listings on new exchanges.
Social Media Presence
Twitter - @DrSkull6 7,417 Followers
Instagram-Not Found
LinkedIn- Not Found
Discord- Not Found
Reddit- Not Found
Telegram- (https://t.me/DrSkull_DRSL) @drskull_coin
Facebook- Not Found
Youtube- Not Found
TikTok- Not Found
Twitch- Not Found
Medium- Not Found
Decentralization
The coin is intended to be fully decentralized, though the Dr. Skull whitepaper leaves much to the imagination on the overall premise of the coin. It simply lists a collection of “Facts” They include, but are not limited to the following:
- Desire to introduce people to the real Crypto world
- “Real transparency...You all just dreaming”
- Other nonsensical words and phrases
The coin seems to have launched with 100 Trillion coins while promising the developers have 0% of it in their wallets and has “zero risk.” 5% of the launch was performed via Airdrop somewhere- I could not find out. The other 95% is considered fair-launch. It should be noted that an article found on Bitmart explains the Total supply is 5 Billion - though that is probably just what the exchange owns.
RoadMap
The roadmap so far has surpassed the following: Website launch, Bounty Campaign and Promotion, Airdrop, ILO on $Lovelylaunchpad, Burning Event (99.9%) and listing on Bitmart. Further in the pipeline is applying for listings on PancakeSwap, CoinGecko, and CoinmarketCap, hiring social media influencers/marketing, then applying for more exchanges.
The Team (Unknown)
There is currently no publicly available information.
Summary
There are at least two other exchanges about to list Dr. Skull: @LATOKEN on August 27th, 2021 and @Hobit_news states deposits will start on August 26th, 2021 at 5AM UTC and Trading the same day starting at 7AM UTC with a note that Makers will earn 0.30% of Bonus. This indicates that at the very least, the coin has raised enough money to get listed on several exchanges.
There is much room for improvement regarding transparency and social media activity. It is common to have anonymous developers, but having limited access to information and not having at least one or two main accounts feels unacceptable at this stage in the project. The volume will only continue to go up- at least in the near-term with the next two exchanges. It is difficult to place a prediction on where the price will go until the developers have a clearer scope presented. This seems to be more of a “why-not” type of investment- if you won’t miss the amount you put in.
References
https://bscscan.com/token/0x17922598458a7f29e3ce2bf088dff2b1b474771a
https://www.bitmart.com/trade/en?symbol=DRSL_ETH&layout=basic
https://www.bitmart.com/trade/en?symbol=DRSL_USDT&layout=basic
https://www.investopedia.com/terms/d/decentralizedmarket.asp
https://support.bmx.fund/hc/en-us/articles/4405421418395-Dr-Skull-DRSL-
https://www.coinspeaker.com/guides/what-is-initial-litigation-offering-ilo/
