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RBL

Rollbit (RLB) Price Index

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rollbit-coinRollbit Coin
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RBL
Rollbit Coin (RBL)
RBL
Rollbit Coin (RBL)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on September 06, 2023 | 3 min
Updated on Dec 13, 2023

What Is Rollbit Coin (RLB)?

The Rollbit (RLB) token is the cryptocurrency of the Rollbit platform. Founded in February 2020, Rollbit is a crypto casino and GameFi platform: a platform combining elements of gaming with decentralized finance. Rollbit has casino games, sports betting, futures trading, a lottery, and an NFT marketplace. The RLB token was introduced in November 2021.

 

What Makes Rollbit Coin (RLB) Coin Unique?

Rollbit (RLB) is an Ethereum ERC-20 token.  The Rollbit platform has one of the largest crypto casinos, and players use the Rollbit (RLB) token throughout, which contributes to RLB’s trading volume.

Here are some of Rollbit’s RLB token most unique features:

 

  1. 20% of Rollbit’s casino profits are allocated to a lottery pool. Participants can stake RLB tokens for a chance to win the lottery. There are 100 guaranteed prizes each lottery round, with a 10% chance of a jackpot hit.
  2. Innovative online gaming features include Bonus Battles, which introduce a social aspect to casino games, Challenges that offer additional incentives for playing casino games, and Provably Fair In-house Games like Plinko and X-Roulette
  3. A buy-and-burn feature involves platform revenue being used to purchase and then destroy RLB tokens daily, with the aim of strengthening the token price.

 

Non-Fungible Tokens (NFTs) have been integrated into the Rollbit platform. Rollbot NFTs provide privileges for holders, including profit-sharing from the gas-less NFT marketplace.

What Is Rollbit Coin (RLB) Used for?

The RLB token was launched as a key part of the Rollbit lottery. At launch, Rollbit airdropped free RLB to existing users of its casino and trading platform Rollbit.com.

Rollbit’s RLB lottery is intended to create demand for the token. RLB is an entry ticket, and RLB must be staked to enter the lottery. RLB lottery prizes come from the casino’s profit-sharing pool.

RLB can also be bought, sold, and traded on major cryptocurrency exchanges.

 

How Does the Rollbit Coin (RLB) Work?

Supply of RLB is capped at 5 billion tokens. Initially, when RLB was staked to enter the lottery, half of the 0.20% staking fees were burned, reducing the number of tokens in circulation.  It’s reported that when all RLB tokens are staked, 45% of the supply will be burned each year. This will reduce supply and may serve to increase the RLB Price.

Rollbit changed the lottery rules and RLB’s utility in September 2023. The full details can be found here. Rollbit says because over $1 billion RLB were burned, the increase in token value meant less was being staked, reducing the burn rate. Hence, Rollbit has restructured its tokenomics to Buy and Burn. The RLB lottery becomes free to enter when wagering RLB.

There are around three lotteries every two days. The more RLB is staked, the higher the chance of winning. Rollbit (RLB) tokenomics are also connected to Rollbit’s Rollbot NFTs.

 

How Is the Price of Rollbit Coin (RLB) Determined?

RLB price is influenced by its use on the Rollbit platform, Rollbit (RLB) tokenomics, including token burning, and also by factors in the wider cryptocurrency markets.

The following factors influence the price of RLB:

 

  • Supply, demand, and scarcity
  • The destruction of RLB through burning.
  • Liquidity
  • RLB market sentiment
  • Wider cryptocurrency market sentiment
  • Rollbit platform success
  • Competing cryptocurrencies and crypto casinos

 

What Is the Rollbit Coin (RLB) Coin Price Prediction for 2030?

It’s almost impossible to predict the price of any cryptocurrency accurately. That said, there are numerous predictions of RLB price for 2030.

 

CoinMarketCap predicts RLB price could reach $1.33 by 2030. DigitalCoinPrice suggests $1.71 and Cryptopolitan $1.59.

 

How Is the Rollbit Coin (RLB) Network Secured?

Rollbit (RLB) is an Ethereum ERC-20 token, so it is secured by the consensus mechanism of the Ethereum blockchain.

 

Where Can You Buy Rollbit Coin (RLB)?

RLB is most often bought via the decentralized exchanges Uniswap and Orca.

 

How Can You Store Rollbit Coin (RLB)?

RLB, as an ERC-20 token, can be stored in any Ethereum-compatible hot or cold wallet. The safest method of storing cryptocurrency is a cold wallet or hardware device such as Ledger or Trezor.

 

FAQs

Is Rollbit legal?

International licensing restrictions mean that the Rollbit casino is blocked in numerous countries, including the US and UK.

 

How do you get Rollbit?

RLB is most often traded via the decentralized exchanges Uniswap and Orca.

 

What network is Rollbit on?

Rollbit (RLB) is an Ethereum ERC-20 token that operates on the Ethereum blockchain.

 

How old is Rollbit?

The Rollbit platform launched in 2020 and the RLB token was introduced in November 2021.

 

Who is the owner of Rollbit?

The Rollbit casino was co-founded by pseudonymous owners Razer and Lucky. Rollbit is reportedly owned by Bull Gaming N.V.

 

How do I deposit Bitcoin into Rollbit?

Bitcoin (BTC) is accepted on the Rollbit platform and can be deposited using the “Cashier” button on the site and following the cryptocurrency deposit instructions.

 

How do I trade Rollbit coins?

Rollbit (RLB) can be traded at several cryptocurrency exchanges and is most often traded via the decentralized exchanges Uniswap and Orca.

 

What is similar to Rollbit (RLB)?

Rollbit (RLB) is a crypto casino token. Other crypto casino and gambling tokens include TG.Casino ($TGC), FUNToken (FUN) and Decentral Games (DG).

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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