What is Rollbit Token (RLB)?

The Rollbit Token (RLB) is a utility token launched to enhance the experience on Rollbit's casino and trading platform.

• Distributed via airdrops, no ICO or OTC sale
• Enhances user engagement on the platform
• Integral to the Rollbit Lottery

How Does the RLB Lottery Work?

The RLB Lottery drives demand for the token by requiring users to stake RLB to participate. Winners receive a share of the casino's profits, creating an incentive for users to engage.

• RLB must be staked to enter the lottery
• 20% of casino profits go to the lottery pool
• Prizes are shared among winners

Token Burn Mechanism

Each time users stake RLB, a portion of the token is burned, reducing the total supply. This burn mechanism helps support RLB's value over time as the circulating supply decreases.

• 0.20% staking fee, half of which is burned
• Supply capped at 5 billion RLB
• Burn rate increases as more tokens are staked

Benefits for Rollbot Holders

In addition to the token burn, half of the staking fees accrue to Rollbots, Rollbit's NFT project, further incentivizing participation and staking.

• Rollbots earn half of the staking fees
• Enhances the value of both RLB and Rollbots

Impact on RLB Value

As RLB is staked and burned over time, the token's supply diminishes, potentially increasing its value.

• Supply reduction supports potential value growth
• Increased demand with more users joining the lottery

Project Development

The Rollbit Duel Arena is the world's first 0% edge PvP game, offering users the chance to engage in duels without Rollbit taking any commission.

• Players stake cash, RLB tokens, or NFTs in battles.
• Each fighter starts with 990 health points, aiming to reduce the opponent's health to zero.
• Fairness is ensured through a "Provably Fair" system, allowing duel outcome verification.
• The winner receives the full combined stake; the loser walks away with nothing.

Other Projects in the Gambling Category

• Shuffle: a top crypto casino launched February 2023, enhancing user experience.
• WINR Protocol: an autonomous liquidity and incentive infrastructure for on-chain games.
• FUNToken: powers FunFair's decentralized gaming platform, ensuring provably fair and secure games.

Rollbit Coin Price Analysis

As of November 24 2024 Rollbit Coin has a marketcap of $160M. This is {{percentagefromath}} from its all time high of $0.264358. In terms of its tokenomics, there's a total supply of 2.3B with 100% currently outstanding. Keep in mind Rollbit Coin has a fully diluted value of $160M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.