After raising a hefty $1.9M on its recently concluded presale, $DICE debuted on the DEX Raydium on Monday.
Since then, $DICE has introduced lower transaction fees and a variety of utilities (including cashback, enhanced gameplay, and exclusive NFTs). More features are on the way, with many token buyers anticipating futures trading.
To kick off the DEX listing, Mega Dice has simultaneously burned 128M $DICE and launched the second version of its staking platform, ‘Staking V2.’
Such developments should help $DICE’s value rebound from major selloffs on its first DEX-listing day following whale buys. Investors looking for quick profits without giving the ecosystem a second thought are now out of the picture.
With the DEX listing and the project team’s commitment to buyers’ welfare, MegaDice positions itself well against GameFi leaders like Rollbit.
128M $DICE Burned to Boost Its Value
Like most token listings, quick profit-taking is common for significant gains. This led $DICE to lose 70% of its value in just 24 hours following the initial DEX listing (per DEXTools).
However, Mega Dice has burned 128M $DICE and 45K LP tokens to boost its momentum. Each of these measures is intended to limit the token’s supply – the scarcer the cryptos, the more valuable they typically become, possibly enhancing their price.
$DICE’s total supply was notably 420M. Burning 30.48% of its total token supply will likely place a higher value on the remaining amount (292M).
The GameFi crypto plans to allocate the remaining tokens for buyback and burn cycles while adding them to the staking pool. By doing so, Mega Dice can offer staking options for years to come.
Buybacks will support the project’s ongoing efforts to expand its casino business. So, watch out for further details about them on the project’s social media channels.
Of course, there are other ingredients for growth than curtailing the supply; the token’s utility must also be attractive to investors.
Staking V2 Strengthens Mega Dice’s Utility
The Staking V2 debut further enhances $DICE’s utility, opening additional benefits.
One critical benefit of Mega Dice‘s new staking protocol is its high APY, which is fueled not only by buybacks but also by the platform’s profitable online casino operations.
Beyond significant returns, the staking feature will include additional rewards and opportunities for early stakers who want to maximize their returns.
Starting October 3, those participating in the 90-day staking pool can compete for a stake in a $10K prize pool.
Since V2’s launch on Monday, an impressive 26M $ DICE has been staked, demonstrating the commitment of early token buyers to support the project long-term.
Everyone who purchased $DICE during the presale can use the new staking feature for extra gains.
What’s more, those who staked their $DICE on the protocol’s earlier version will receive tokens and rewards via an airdrop on October 7 (at 20:00 CET).
$DICE Elevates Marketing Efforts for Extra Demand
Mega Dice is ramping up its marketing efforts to drive $DICE adoption by collaborating with key opinion leaders and influencers.
It has already onboarded 50 KOLs because they are crucial for enhancing Mega Dice’s visibility, attracting new users, and strengthening its community.
The platform already boasts a user base of over 50K players, with 10K active users wagering roughly $50M per month. With strong community support, the ongoing marketing push is projected to boost these numbers to greater heights.
$DICE holders and stakers (akin to being a shareholder of an already successful crypto casino) are already experiencing the ecosystem’s initial benefits.
They can look forward to the upcoming airdrops, $DICE NFTs, and additional perks.
Looking ahead, the Mega Dice team also plans to pursue tier-2 CEX listings from Q4 2024 to Q2 2025.
Futures trading and loot boxes are also scheduled to be introduced during the same time frame.
To stay updated on the new developments around Mega Dice, join its community on X and Telegram.
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Leah Waters (Alger) Senior Crypto Journalist 
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