Online crypto casino and sportsbook Mega Dice is closing in on raising $1 million from the presale of its new GambleFi token, $DICE.
The presale is just the latest success story in the skyrocketing GambleFi industry, which has seen stunning growth in the past year and could be one of the hottest crypto sectors of 2024.
GambleFi Surges to $350m Valuation as Players Seek a Better Gambling Experience
The GambleFi industry has been on a growth streak in the past 12 months, rising rapidly to a valuation of nearly $350 million across more than 50 tokens according to CoinMarketCap data.
Some of the biggest coins in the sector right now include Rollbit Coin ($RLB), FUNToken ($FUN), Shuffle ($SHFL), and Decentral Games ($DG). In addition, a new entrant, Scorpion Casino ($SCORP), could soon be atop the list after selling out its presale and raising more than $10 million.
GambleFi represents a fundamental improvement in online gambling. GambleFi platforms can leverage the blockchain to offer probably fair games, ensuring a better and more trustworthy experience for players. Many GambleFi tokens also include governance properties, giving players a say in how their favorite gambling platform is governed.
That’s on top of the benefits offered by GambleFi tokens themselves. GambleFi projects typically enable token holders to share in a casino or sportsbook’s success through rakeback or revenue sharing. In addition, some GambleFi casinos have introduced exclusive NFTs for token holders, giving players ownership over their gambling experience.
Tailwinds for GambleFi Amid Crypto Bull Market and Global Gambling Growth
The recent growth in GambleFi tokens could be just the beginning for this sector. The crypto bull market is likely to facilitate more investment in GambleFi as investors diversify away from Bitcoin and Ethereum into promising new altcoins. In addition, investors flush with crypto from market gains are more likely to join GambleFi platforms as players, further supporting the growth of new betting sites.
The traditional gambling industry is also pointed upward, creating a rising tide that is widely expected to benefit GambleFi in a major way. Globally, the gambling market is expected to grow by more than 11% per year to a valuation of $184 billion in 2032. While GambleFi is relatively new and thus represents just a small fraction of this market, much of the growth expected later this decade could be captured by successful GambleFi platforms.
Mega Dice Enters GambleFi Market with a Splash, Raising $1m in Presale
It’s against this exciting backdrop that Mega Dice is offering its new $DICE token, so it comes as little surprise that investors and players have been quick to snap it up. The Mega Dice presale has raised nearly $1 million within just a few weeks of launching, making it one of the largest new GambleFi projects.
Mega Dice is already one of the biggest crypto gambling platforms. It boasts more than 50,000 monthly active players at its sportsbook and more than 10,000 at its online casino. The platform has more than 50 sports betting markets and 4,000 casino games.
In addition, Mega Dice was one of the first crypto casinos to establish a Telegram gambling bot. The bot makes Mega Dice more accessible to Telegram’s 700 million global users and gives players a way to bet anonymously with crypto.
The new $DICE token offers both the potential for explosive investment returns as well as significant benefits for Mega Dice players. Token holders who stake $DICE can earn daily rewards based on how much revenue Mega Dice takes in through wagers. In addition, presale investors are eligible to receive limited-edition NFTs that will offer access to exclusive bonuses and gambling privileges.
Mega Dice has also instituted a generous referral program around $DICE. Token holders who refer a friend to the gambling platform will earn a 25% cut of the revenue that player generates.
$DICE has a total supply of 420 million tokens, 35% of which are set aside for the presale. During the current presale stage, players and investors can buy $DICE at a discounted price of $0.069, but the next price increase is coming up fast. $DICE can be purchased using $SOL, $ETH, or $BNB.
