Mega Dice Launches on Raydium, Burns 128 Million Tokens and Unveils Staking Platform V2

Mega Dice ($DICE) debuted on decentralized exchange (DEX) Raydium on Monday after raising over $1.9 million during its recently concluded presale.

Solana’s leading GameFi project has introduced its new token, $DICE, which offers users lower transaction fees and a variety of utilities including cashback, enhanced gameplay, and exclusive NFTs – with more features on the way, such as futures trading.

To launch the project and support the listing, the project simultaneously burned 128 million $DICE tokens and launched the second version of its staking platform. Mega Dice’s Staking V2 offers stakers an impressive 2,368% APY with 30 and 90 day fixed term pools, as well as additional rewards for early participants.

These developments will help ensure that the $DICE price rebounds from the first-day sell-off, as investors looking for quick profits are now excluded.

With the stock market listing and the project team’s commitment to ensuring that players and $DICE holders are well taken care of, Mega Dice is making significant strides to establish itself as a leader in the GameFi space and offers a solid offer against major players like Rollbit.

$DICE Token Buybacks and Burns

In every token listing, profit-taking is inevitable, because those who do not have a clear idea of ​​the project’s objectives are usually the first to sell their holdings. This happened on $DICE’s first day of DEX trading, as it lost around 70% of its value in the last 24 hours, according to DEXTools data.

As mentioned, Mega Dice burned 128 million $DICE tokens and 45,000 LP tokens. These measures aim to limit token supply, make remaining tokens more valuable, and potentially spur growth.

🔥 As part of the launch process, we also just burned 120M $DE ! 🔥

Follow the burn here ⬇️ pic.twitter.com/w0NO5QBC6D

– Mega Dice Casino (@megadice) September 30, 2024

As a reminder, the total supply of $DICE is only 420 million, which now gives a higher value to the remaining 292 million. Additionally, the project plans to allocate remaining tokens to buyback and burn cycles while adding them to the staking pool, allowing Mega Dice to offer staking options for years to come.

These buyouts are supported by the project’s continued efforts to grow its casino business. Further details on upcoming buyouts and burns will be shared on its social media channels.

Of course, there are other ingredients for growth than supply reduction; the utility of the token must also be attractive to investors.

As mentioned, $DICE offers many benefits, including cashback. By using $DICE in any of the casino’s 4,500 games, including slots, live casino, game shows and sports betting, users can receive an additional 15% cashback on all net losses.

Now, the launch of the second version of its staking features further improves the usefulness as $DICE stakers can expect additional benefits.

How Mega Dice V2 Staking Works

One of the main advantages of Mega Dice’s new staking protocol is its high APY, which comes not only from redemptions but also from the platform’s profitable online casino operations. However, staking $DICE offers much more than high returns.

The staking feature will also include additional rewards and opportunities for early stakers to maximize their returns. For example, a wager and win concept will allow early entrants to simply earn additional rewards using the $DICE wagering feature.

As mentioned earlier, there are two fixed duration staking pools for $DICE: one for 30 days and another for 90 days. Mega Dice will also be running a profit-sharing promotion for punters, with a $10,000 prize pool to be shared among those betting in the 90-day pool starting October 3.

Nearly $26 million in DICE has been staked since the staking feature launched on Monday, demonstrating the commitment of the project’s long-time supporters.

Those who still hold $DICE tokens purchased during the presale can participate in the new version of the protocol and have the chance to earn additional rewards.

Additionally, users who staked their $DICE holdings in pre-sale on the earlier version of the protocol will receive tokens and rewards via airdrop on October 7 at 8 p.m. CET.

Mega Dice is ramping up its marketing efforts to drive adoption of $DICE by collaborating with key opinion leaders (KOLs) and influencers. Having already integrated 50 KOLs, it aims to add more, as they are crucial to improve Mega Dice’s visibility, attract new users and strengthen its community.

The platform has a user base of over 50,000 players, with 10,000 active users betting an average of $50 million per month. With strong support from the 17,000-member community, ongoing marketing efforts are expected to further improve these numbers.

$DICE holders and bettors only enjoy the early benefits of what Mega Dice has to offer. Beyond the rewards, staking $DICE is the key to unlocking a share of Mega Dice’s operations, much like being a shareholder in an already successful crypto casino.

Additionally, for $DICE holders, airdrops are planned to participate in the ecosystem, as well as $DICE NFTs which will provide VIP benefits.

Looking ahead, the Mega Dice team plans to continue CEX Level 2 listings from Q4 2024 to Q2 2025. Additionally, futures trading and loot boxes are expected to be introduced later this year, i.e. in Q4 2025. quarter 2024. or the first quarter 2025.

To stay informed of new developments around Mega Dice, join its community on X and telegram.

See Mega Dice on Raydium.

Mega Dice – The Newest GambleFi Token

• Established crypto betting brand
• Featured in Cointelegraph – First Licensed Telegram Casino
• Live Presale Now – megadicetoken.com