Mega Dice ($DICE) made its debut on the decentralized exchange Raydium this week after concluding a presale that raised over $1.9 million.
As one of Solana’s top GameFi projects, Mega Dice has introduced its token, $DICE, which offers users reduced transaction fees alongside various utilities like cashback, enhanced gameplay, and exclusive NFTs. Future plans include features such as futures trading.
To celebrate the listing and boost token value, Mega Dice has burned 128 million $DICE tokens and launched its second version of the staking platform. The new Staking V2 protocol offers a remarkable 2,368% APY with 30-day and 90-day fixed staking pools, as well as extra rewards for early stakers.
These initiatives are expected to stabilize $DICE’s price after the initial selloff, as short-term profit-seekers have exited the market.
With the Raydium listing and the team’s efforts to enhance the experience for both players and $DICE holders, Mega Dice is positioning itself as a key player in the GameFi industry, competing against larger projects like Rollbit.
$DICE Token Buybacks and Burns
Profit-taking is inevitable during any token listing, as some investors tend to cash out early without understanding the long-term vision of the project. This was evident on $DICE’s first trading day on the DEX, with the token experiencing a sharp 70% drop in value over 24 hours, according to data from DEXTools.
In response, Mega Dice burned 128 million $DICE tokens and 45,000 liquidity pool (LP) tokens to reduce the token supply, aiming to increase the value of the remaining tokens and encourage growth.
BUY $DICE AT ITS LOW PRICE POINT
The total supply of $DICE is capped at 420 million, meaning the remaining 292 million tokens are now more valuable. The project also plans to continue with periodic buybacks and burns, adding the repurchased tokens to the staking pool to ensure long-term staking opportunities.
Mega Dice’s growing casino business supports these buybacks, and further details about future burn cycles will be shared on the project’s social media channels.
Beyond supply management, the token’s utility is a key driver of growth.
As mentioned earlier, $DICE offers numerous benefits, including a 15% cashback on all net losses for users who wager $DICE in over 4,500 casino games, including slots, live casino games, game shows, and sports betting.
The launch of the new staking platform adds even more value for holders, with enhanced features and rewards.
Mega Dice V2 Staking
Mega Dice’s latest staking platform not only offers high returns but also provides additional rewards, supported by both buybacks and the platform’s lucrative casino operations.
In addition to the impressive APY, stakers have access to extra rewards. For instance, a new “stake-and-win” feature allows early stakers to earn extra bonuses just by staking their $DICE tokens.
There are two fixed-term staking pools: a 30-day pool and a 90-day pool. Mega Dice is also introducing a profit-sharing promotion, with a $10,000 prize pool that will be distributed among stakers in the 90-day pool starting on October 3.
Since the launch of Staking V2 earlier this week, nearly 26 million $DICE tokens have been staked, highlighting the dedication of long-term supporters.
Those who purchased $DICE during the presale can still participate in the new staking protocol and earn rewards. Additionally, presale participants who staked in the earlier version of the protocol will receive their tokens and rewards through an airdrop on October 7 at 8 PM CET.
PURCHASE $DICE TO ACCESS LIMITED EDITION NFTS
To grow $DICE adoption, Mega Dice is ramping up its marketing efforts, partnering with key opinion leaders (KOLs) and influencers. With 50 KOLs already on board, the project aims to collaborate with more to raise its visibility, attract new users, and strengthen its community.
Mega Dice currently has a user base of over 50,000 players, with around 10,000 active users wagering an average of $50 million each month. With a supportive community of 17,000 members, the ongoing marketing campaign is expected to boost these figures even further.
Holders and stakers of $DICE are beginning to enjoy the platform’s full potential. Beyond the staking rewards, holding $DICE unlocks a share in Mega Dice’s casino operations, similar to being a shareholder in a profitable crypto casino.
Looking ahead, $DICE holders can also expect airdrops for contributing to the ecosystem, as well as exclusive $DICE NFTs that offer VIP benefits.
Mega Dice’s roadmap includes plans to list on tier-2 centralized exchanges (CEX) from Q4 2024 through Q2 2025. Other exciting developments, such as futures trading and loot boxes, are slated for release between Q4 2024 and Q1 2025.
To stay informed about the latest developments, join the Mega Dice community on X and Telegram.
View Mega Dice on Raydium.
