Mega Dice Joins Raydium, Burns 128M Tokens & Gears Up Staking Feature

• After raising $1.9M on presale, Mega Dice ($DICE) debuted on Raydium, a decentralized exchange (DEX).
• Since Monday's DEX listing, $DICE has lowered its transaction fees and introduced new utilities(including cashback, NFTs, and an updated version of its staking feature).
• Also, to boost the coin's value, the ecosystem has burned 128M $DICE, intensified its marketing efforts, and joined a centralized exchange (CEX).

After raising a hefty $1.9M on its recently concluded presale, Mega Dice debuted on the DEX Raydiumon 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 burned 128M $DICE and launched the second version of its staking platform, Staking V2.'

Stakers can earn an impressive 2,368% APY with fixed-term staking pools of 30 and 90 days. Early participants can also expect additional rewards.

Such developments shouldhelp $DICE's value rebound from major selloffs on its first DEX-listing day. 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 typical for significant gains. This led $DICE to lose 70% of its value in just 24 hours following the initial DEX listing (per DEXTools).

However, to boost its momentum,Mega Dice has burned 128M $DICE and 45K LP tokens. Each of these measures is intended to limit the token's supply. Scarcer cryptocurrencies usually garner more capital because they are trickier to acquire (similar to trading cards).

$DICE's total supply was notably 420M. Burning 30.48% of the coin's amount will likely place a higher value on the 292M that remain.

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 the details on the project's social media channels.

Of course, there are other ingredients for growth than curtailing the supply. For example, investors must find the token's utility attractive.

$DICE can be used in the casino platform's extensive 4.5K games, including slots, live casinos, game shows, and sports betting. And wagers can receive an additional 15% cashback on all net losses.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, fueled by buybacks and 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 recent launch, 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 participate in the new staking feature for extra gains.

Those who staked their $DICE on the protocol's earlier version will also receive tokens and rewards via an airdrop on October 7 (at 8 PM CET).

$DICE Elevates Marketing Efforts for Extra Demand

What's more, Mega Dice is ramping up its marketing efforts to drive $DICE adoption by collaborating with key opinion leaders (KOLs) 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.

Now, they can look forward to the upcoming airdrops, $DICE NFTs, and other extra perks.

The Mega Dice team also plans to pursue tier-2 CEX listings throughout Q4 2024 to Q2 2025.

Futures trading and loot boxes are also scheduled during the same time frame.

To stay updated on the new developments around Mega Dice, join its community on X and Telegram.

Check out Mega Dice on Raydium.

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