$CHING - The Celestial Dragon is a Unique Version of the Chinese Oracle for Making Decisions and Discovering Your Destiny. Based on the 64 hexagrams of I Ching, each hexagram is composed of 6 lines.
In this post, we explore the valuable insights and many clues that some of the growing community members have put together led by the cryptic Twitter messaging by the Developer in an attempt to decipher what exactly $CHING is or could be.
$CHING - The Celestial Dragon is a Unique Version of the Chinese Oracle for Making Decisions and Discovering Your Destiny. Based on the 64 hexagrams of I Ching, each hexagram is composed of 6 lines and is a mystery that has taken the community by storm. In this post, we explore the valuable insights and many clues both the dev has tweeted and shared, as well as what the growing community has gathered independently to figure out whether it's fate or coincidence. $CHING is a new ERC20 token that has quickly brought a lot of speculation about what it actually is following a similar path of a project that went from 10k MC to 150million all-time-high. Note that $CHING total supply is 64 million .
Let's start with the basics. $CHING is based on the 64 hexagrams of I Ching, which is a Chinese oracle used for making decisions and discovering one's destiny. The project's official Twitter page was created last year in April 2022. The Account only became active on the day the token launched. May 20th, 2023. Wayback Machine confirms this.
But things get interesting when we started digging deeper. In 2012, a book was published with the same title as the $CHING token written by Neyma Jahan. This could be a coincidence, or it could be fate.
On March 16, 2023, Bitboy doxxed Ryoshi as Neyma Jahan, which could mean that he is the mastermind behind $CHING. This is our conclusion based on the evidence presented by the developer on Twitter.
Another clue comes from the shiba whale from a CoinMarketCap article who transferred their 25 trillion Shiba out in six separate transactions - just like how each hexagram in I Ching is composed of six lines. And on the same day as the article was released, the $CHING Twitter page showed a screenshot of a wallet holding 28 trillion Shiba. Coincidence or fate? You be the judge.
But here's where things really start to get interesting. A fresh wallet had sent the $CHING deployer a message, buying $CHING in six transactions. The message reads, "I see you've released what is now the prequel. You've always said Ching was supposed to be the one. 64." What could this mean? Is $CHING just the prequel to something bigger? And what is the significance of the number 64?
The dev has tweeted several times addressing Bitcoin associating it with $CHING to such a degree, the community members felt it was only right they dig up as much as they could by giving Bitcoin a closer look. Interestingly, an article titled, “New Research Unearths Insights into Satoshi’s and Bitcoin’s Early Days,” was found published by CoinDesk in June 2022. The biggest line and hook were the fact that the article focuses on a study done in the period between Bitcoin’s launch and price parity with the U.S. dollar in which they found that 64 separate actors controlled most of the computing power during this era, and mined a significant proportion of Bitcoin in a selfless act to increase its value. There’s that number again, 64, just like the number of hexagrams in the I Ching.
Perhaps there is something to the number 64 which led us to further clues as shown in the message the dev left on Twitter which indicated 64 hexagrams are closely similar to the 64 digit hexadecimal64-digit number referred to as a hash. Could it be that early Bitcoin miners are behind the concept of $CHING, or is it much deeper? Again, one must tackle the noble question, is it fate or coincidence?
After spending time in this direction, others in the community chose to look at the contract. What was found here is quite astonishing. Outside the fact of being a clean, unique and straightforward ERC20 smart contract, it has a few elements that should give you some pause. Deep within the lines of code, you would find a potential gem that would allow the, otherwise basic, contract to extend its behavior into performing anything your mind can imagine.
There are Hook functions within the contract that seem to hook out into an external entity along with simultaneous minting, burning, and auto-pairing commands. None of the findings come from expert contract analysts, however, a simple chat with chat GPT allowed for a deeper dive into what they can be used for. For one, they can be used to execute custom code before or after certain important events, such as when tokens are transferred, when the contract is initialized, or when new tokens are minted.
What we find is that the functions are all set in the “before” parameter. For example, Hook that is called before any transfer of tokens. This includes* minting and burning. Or, function “_beforeTokenTransfer(.”
This implies that the contract is in the “start” position or in the beginning line between it and the other contracts, external algorithms, you name it, that it would hook to. Is this what the dev means when he tweets that $CHING is “The Prequel”? Perhaps another clue was forfound. Fate, or coincidence? After so many connections, it becomes rather tiresome to think it's the latter.
The next clue comes from the token name and concept itself as it states, the Celestial Dragon is a unique version of a Chinese oracle. If we were to explore the possibility of $CHING as a unique approach to being an oracle, then the hook function could be a top contender to solving this puzzle.
The hook function in the contract can call an external contract or API to retrieve information, including from an oracle. This information can then be used to execute certain functions within the contract or update contract parameters.
The more we explore, the more we realize a potential financial system may be the core value of what $CHING has to offer. If so, it must be decentralized, secure, accurate, and potentially work within an unsupervised machine learning network. Think, supercomputer. Another look at the contract and we find that immediately after the preset “before” hook functions, we have a Safemath library installed which can lead you to think that certainly, an underlying financial payment infrastructure is at play.
SafeMath is a library that provides functions to perform arithmetic operations in a way that prevents integer overflow and underflow. Integer overflow and underflow can occur when a variable exceeds its maximum value (overflow) or goes below its minimum value (underflow), and can cause unexpected behavior in a smart contract. SafeMath provides functions to perform arithmetic operations in a way that checks for overflow and underflow and throws an exception if they occur.
This is abundantly important for accurate calculations when dealing with astronomical transactions.
And finally, words going around that Ryoshi will be back in April or May. According to the $CHING Twitter page, April seems to be the month we're waiting for. There are many connections to April the dev left in tweets for us to explore that include Neyma’s account creation in April 2008, a blockchain developer by the name Maziar Sadri who works on Unification and is followed by Neyma on Twitter. That, along with $CHING’s account creation in April 2022. Could this be when the real $CHING and its purpose will be revealed? So there you have it. We have some clues, some speculation, and a lot of excitement. What do you think $CHING is all about? Join the conversation and let's see if we can solve this mystery together!
$CHING total Supply 64,000,000.
LInktree: https://linktr.ee/thecelestialdragon
Token Contract: 0x1af2b3a0e20817348544f3EbfeBB28fcBD6B67e9all-time high
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