Mega Dice Debuts on Raydium, Burns 128M Tokens and Launches V2 Staking Platform
Mega Dice ($DICE) debuted on the decentralized exchange (DEX) Raydium on Monday after raising over $1.9 million in 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 kick things off and support the listing, the project has simultaneously burned 128 million $DICE tokens and launched version two of its staking platform.
Mega Dice’s Staking V2 offers stakers an impressive 2,368% APY with fixed-term staking pools of 30 and 90 days, along with additional rewards for early participants.
These developments will help ensure the price of $DICE rebounds from the selloff on its first day, as investors looking for quick profits are now out of the picture.
With the exchange listing and the project team’s commitment to ensuring that players and $DICE holders are well cared for, Mega Dice is making significant strides to establish itself as a leader in the GameFi space and provides a strong bid against major players like Rollbit.
In every token listing, profit-taking is inevitable as those who lack a fair clue of the project’s goals are usually the first to sell their holdings.
This happened on the first day of $ DICE’s DEX trading, as it lost about 70% of its value over the past 24 hours, per DEXTools data.
As mentioned, Mega Dice has burned 128 million $DICE tokens and 45,000 LP tokens.
These measures are intended to limit the supply of tokens, making the remaining tokens more valuable and potentially driving growth.
Read more on cryptonews.com
