As fate would have it, we now have the opportunity to shift one of our DeFi experiments from the world of food — or at least tokens that are named after food — to the world of gambling.
Yes, it’s time to roll the dice. Literally: we’re going to move our $SHRIMP to $DICE.
The Shrimp.finance team announced overnight (our time; we’re on Central Time, USA) that they were moving their development efforts to Dice.finance; you can read what they said on Medium here.
How This Could Impact You…
If we’re correct in our research — and based on what we’ve learned talking to others who have followed both $SHRIMP and $DICE — this amounts to a “burn” of the Shrimp token. And you can take it directly from the blog post:
Fair enough.
As the Medium post tells us, if you had Shrimp, they’ll buy it back at $2.50 each. The buyback, though, is in $DICE, which you need to leave on the platform for six months in order to get rewards — which will be on top of the value of the tokens you deposit.
Betting on Horse…or Jockey?
In our opinion, you’re betting a little on the horse — if you’re in the USA, for instance, you know how prevalent all kinds of gambling are — but a lot on the jockey: XiXi Huang.
Huang appears to be a rather innovative character, and he’s somewhat active on Telegram; his interest in making this move appears to be driven by the desire to focus on the growing gambling sector, and the location of Dice (Macau).
The Dice price, though, is pegged for this swap at $165; that’s a far cry from the trading value earlier this morning of $56.25.
Next Steps?
We will keep you posted; we’re still investigating the opportunities here and still processing how to move things from our meager Shrimp holdings.
Again, stay safe, do your own research, and be prepared to watch any of these projects go belly up, too. That’s always a risk — though we hope you hit it big with one of these, it’s possible that you could get rekt, too.
Final Note: A Warning About Dice on YoBit
You can find a few coins marked “DICE” out there; one such is the DICE that were awarded to YoBit users. Be sure you’re looking in the right place for your Dice. Visit the buyback site from Dice itself here: buyback.dice.finance.