The world of crypto gambling just got an exciting new addition.
Mega Dice, one of the fastest-growing crypto casino platforms, has launched an initial coin offering (ICO) for its new DICE utility token – and raised over $320,000 in the first 24 hours of going live.
DICE Token ICO Shatters Expectations on Day 1
After months of speculation, Mega Dice has finally opened the doors to its highly-anticipated DICE token ICO.
And by all early indicators, this fundraising phase is off to a blistering start.
In just 24 hours, the ICO has already raised over $320,000 from eager investors looking to get in on the ground floor.
DICE tokens are currently being offered at $0.069 each, payable in major altcoins like SOL, ETH, and BNB.
The demand for DICE is understandable, given the sizable allocation of 147 million DICE tokens for the ICO – over one-third of the total supply.
Importantly, this is just the first phase of Mega Dice’s roadmap before DICE eventually lists on a DEX later this year.
If the recent launch of a similar casino token called is any indicator, the secondary market could light up once DICE makes its debut.
SCORP’s price rocketed 235% in the hours after its PancakeSwap listing yesterday, and DICE investors will hope that it can replicate that kind of explosive momentum when it hits the open market.
Staking, Airdrops, & Crypto Rewards Power Demand for DICE
While the ICO fundraising numbers are eye-catching, the real value proposition for DICE lies in its integration within Mega Dice’s platform.
To start, the casino is running multiple “seasons” of an airdrop promotion exclusively for DICE holders and active players.
The first $750,000 airdrop is available to those who stake DICE tokens and maintain a certain level of gaming activity over a 21-day period.
A second airdrop of equal value kicks in for those wagering from the presale through the token launch.
There’s even a third $750,000 season allowing retroactive rewards for consistent high-rollers.
But the benefits don’t stop at the airdrops.
According to the project’s whitepaper, DICE holders who stake their tokens will receive a portion of Mega Dice’s daily casino earnings as ongoing rewards – essentially equating to a recurring yield.
There are also limited-edition NFTs unlocking special privileges, early bird bonuses for presale participants, and a lucrative 25% revenue share referral program.
It’s an entire GameFi ecosystem incentivizing people to join, play, and spread the word about Mega Dice.
Crypto Gambling Tokens Have Soared – Can DICE Follow Suit?
The early traction for DICE’s ICO highlights the immense potential of the crypto gambling space.
This intersection of digital currencies and online betting has spawned numerous successful projects and tokens in recent years.
Take Rollbit Coin, for example – the native token of the Rollbit Casino.
RLB has rocketed over 3,000% since its launch in 2022 and now boasts a market cap north of $330 million.
Investors have clearly bought into its utility for betting and rewards.
Solcasino Token is another gambling token integrated into a crypto casino platform.
SCS’s launch last year was muted, yet the token’s value is now up over 1,100% from its launch price.
With Mega Dice’s existing user base, proven casino product, and ambitious roadmap, DICE certainly has the ingredients to join the top tier of successful GambleFi tokens.
If it can continue riding this wave of early momentum from the ICO, there’s no telling how high DICE could soar once it lists on DEXs later this year.
Readers can learn more about the DICE token by visiting megadicetoken.com.
