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About Rollbit Coin
- Rollbit token (RLB) was launched as part of the Rollbit lottery.
- No ICO for RLB; instead, it was airdropped to existing users of Rollbit.com.
- RLB tokens must be staked to enter the lottery, with prizes coming from a share of Rollbit’s profits.
- Supply of RLB is capped at 5 billion coins, with a portion of tokens burned (permanently removed from supply) during each round.
- When all RLB tokens are staked, there’ll be a burn rate of 45% of the total supply per year.
What is Rollbit
Introducing Rollbit Coin: A Revolutionary Cryptocurrency
The Rollbit token (RLB) was introduced as a fundamental component of the Rollbit lottery ecosystem. Notably, there was no initial coin offering (ICO) for RLB. Instead, Rollbit opted to airdrop RLB tokens gratuitously to its existing user base, comprising patrons of its casino and trading platform, Rollbit.com.
The RLB lottery is poised to fuel token demand, serving as coveted entry tickets that afford holders the opportunity to win a share of the casino’s profits. To participate, RLB tokens must be staked, thereby unlocking access to this lucrative draw.
The prizes will originate from our profit-sharing pool, where a daily allocation of 20% of the casino’s overall profits will accrue throughout each round.
With a proven product already under its belt, Rollbit’s profitability prior to the token launch enabled RLB to offer tangible utility from the outset, seamlessly integrating into the lottery mechanism, where prizes are sourced from a portion of Rollbit’s profits.
The total supply of RLB is capped at a fixed 5 billion coins. To participate in the lottery, users must stake their RLB in each round, with 50% of the 0.20% staking fee being permanently removed from circulation, thereby reducing the overall supply.
As each round unfolds, the permanent removal of RLB from circulation will lead to a gradual decline in the token supply over time, thereby fostering an environment conducive to value appreciation. Meanwhile, the remaining half of the staking fees will be allocated to staked Rollbots, a flagship NFT project under the Rollbit umbrella.
Upon full staking of all RLB tokens, a 45% annual burn rate of the total supply will be triggered. As a greater proportion of RLB is staked, the supply will experience a more pronounced reduction, as a larger number of tokens are eliminated to participate in the lottery. Consequently, as demand surges over time, upward pressure will be exerted on the price of RLB.
Introducing Rollbit Coin: A Revolutionary Cryptocurrency
Rollbit Coin (RLB) is a utility token that powers the Rollbit ecosystem, a renowned crypto casino and trading platform. Launched in February 2020, RLB was designed to confer a range of benefits to its holders, thereby elevating their experience on the platform. These benefits encompass enhanced rakeback, reduced trading fees, and eligibility to participate in the RLB Lottery, a distinctive feature that enables token holders to claim a share of the casino’s profits.
The debut of RLB eschewed the conventional routes of an Initial Coin Offering (ICO) or Over-The-Counter (OTC) sale, opting instead for a more inclusive approach. Through a deliberate airdrop, the platform’s existing users were rewarded with RLB, thereby ensuring a broad and equitable distribution from the outset. This strategy underscores the platform’s dedication to recognizing the value of its community and encouraging active participation within its ecosystem.
One of the pivotal utilities of RLB lies in its integral role within the RLB Lottery. To participate, token holders must stake their assets, thereby not only securing entry into the lottery but also contributing to a collective profit-sharing pool. This pool aggregates 20% of the casino’s daily profits, which are subsequently distributed among the lottery winners. This mechanism establishes a direct correlation between holding RLB and the potential for financial rewards, contingent upon the platform’s success.
Furthermore, the total supply of RLB is capped at 5 billion coins, with a segment of the tokens being permanently removed from circulation through a burning mechanism, which is an integral part of the staking process for lottery entry. This deliberate token burn is designed to progressively decrease the overall supply of RLB over time, potentially bolstering the token’s value appreciation as demand intensifies and supply dwindles.
The Rollbit platform has already exhibited remarkable momentum, boasting over 1 million registered users and a staggering $5 billion in wagers, thereby underscoring a robust foundation for RLB’s utility and inherent value proposition. As the platform continues to expand and mature, RLB holders can anticipate discovering enhanced utility and a multitude of opportunities for engagement within this thriving ecosystem.
Prior to contemplating an investment in RLB or any cryptocurrency, it is essential to undertake exhaustive research and carefully weigh the inherent risks inherent in digital assets, thereby ensuring a well-informed decision.
The Security Framework of Rollbit Coin: A Robust Safeguard
The security of Rollbit Coin (RLB) is multifaceted, incorporating a plethora of strategies to ensure the integrity and safety of its ecosystem. Initially, RLB tokens are distributed through airdrops to users of its platform, thereby not only incentivizing participation but also bolstering the token’s distribution security. This method circumvents the risks inherent in initial coin offerings (ICOs), including fraud and regulatory scrutiny.
To further fortify the ecosystem, it is imperative that RLB tokens are securely stored in a cryptocurrency wallet, thereby granting users autonomous control over their assets and mitigating the risk of theft from centralized exchanges. The stipulation that tokens must be staked to participate in the lottery system introduces an additional layer of security. This staking process, which involves locking tokens in a smart contract, not only safeguards the tokens themselves but also contributes to the overall security and stability of the network.
Integral to RLB’s comprehensive security framework, rigorous security audits are undertaken by independent third-party experts to pinpoint vulnerabilities within the smart contracts and the broader platform. By proactively addressing these potential weaknesses, Rollbit significantly fortifies the security of its ecosystem, thereby safeguarding against potential exploits.
The cornerstone of RLB’s security measures lies in the implementation of features that prevent fraud and ensure responsible gambling practices. These safeguards are meticulously designed to shield users from malicious activities, thereby fostering a secure and equitable environment for both gambling and trading pursuits.
Furthermore, the RLB tokenomics boasts a capped supply of 5 billion coins, accompanied by a mechanism that systematically burns a portion of the tokens during each lottery round. This mechanism not only enhances the token’s security and economic stability but also fosters a self-sustaining cycle of demand and supply. As the total supply gradually decreases over time, the potential for increased scarcity and value appreciation emerges, thereby ensuring a perpetual interplay between demand and supply.
In summary, the Rollbit Coin is fortified by a multi-layered security apparatus, comprising strategic airdrops, prudent storage practices, staking, rigorous security audits, anti-fraud safeguards, and a meticulously crafted economic model. This synergistic combination gives rise to a robust security framework, effectively shielding users’ assets and upholding the integrity of the RLB ecosystem.
What Role Will Rollbit Coin Play?
Within the Rollbit ecosystem, the Rollbit Coin (RLB) assumes a multifaceted role, catering to diverse user needs and significantly enhancing the platform’s overall utility. Principally, RLB serves as the gateway to participating in the Rollbit lottery, a distinctive feature that affords token holders the opportunity to claim a share of the platform’s profits. To participate in this lottery, users are required to stake RLB tokens, which not only grants them access to potential rewards but also plays a pivotal role in shaping the token’s demand and value dynamics.
Beyond the lottery, RLB plays a pivotal role in mitigating trading fees for users
engaged in diverse trading activities on the platform. This renders transactions
more economically viable and fosters more frequent trading, ultimately benefiting
both users and the platform’s liquidity. Furthermore, RLB holders are entitled to
enhanced rakeback, thereby maximizing their returns from activities on the platform.
The token assumes a pivotal role in the platform’s liquidity provision. By staking RLB, users make a significant contribution to the platform’s liquidity pools, thereby facilitating seamless transactions and elevating the overall trading experience for all users. This mechanism is instrumental in maintaining a robust and efficient marketplace.
Another pioneering application of RLB is the RLB Lottery, where staked tokens serve as entries into a prize draw, offering participants the opportunity to win substantial rewards. This innovative mechanism not only motivates users to hold and stake the token but also injects an exhilarating element of unpredictability into the platform’s offerings.
Lastly, the Buy & Burn mechanism constitutes a pivotal component of RLB’s value proposition. A designated portion of the tokens utilized in transactions, specifically derived from staking fees, is permanently removed from circulation, thereby implementing a deflationary mechanism. This deliberate reduction in the total supply of RLB over time is designed to potentially support the token’s value appreciation as demand increases.
It is crucial for users to undertake exhaustive research and carefully deliberate on their investment objectives and risk appetite prior to engaging in staking or trading activities involving RLB or any other cryptocurrency.
Notable Milestones in the Rollbit Coin Journey
Rollbit Coin, commonly referred to as RLB, has achieved numerous significant milestones since its inception. Initially launched in February 2020, RLB rapidly evolved into a vital component of the Rollbit ecosystem, playing a pivotal role within its lottery system. Unlike traditional initial coin offerings (ICOs), RLB was innovatively distributed to users through an airdrop, thereby rewarding the existing community and fostering participation in the platform’s diverse offerings.
Notably, the introduction of Bonus Battles brought a competitive dimension to the platform, thereby fostering a deeper level of user engagement. Furthermore, the RLB airdrop significantly enhanced the platform’s utility, thereby incentivizing greater participation and investment within the ecosystem.
The RLB Lottery constitutes a pivotal utility of the Rollbit Coin, wherein tokens must be staked to secure entry. This lottery transcends mere chance, serving as a strategic component of the Rollbit platform, with a substantial 20% of the casino’s daily profits being allocated to the prize pool. This mechanism not only fuels demand for RLB but also harmoniously aligns the interests of token holders with the platform’s success.
Moreover, the incorporation of Challenges and Provably Fair In-house Games has significantly expanded the avenues through which users can interact with the platform, thereby fostering a resilient and vibrant ecosystem. These innovative features serve as a testament to the platform’s unwavering dedication to upholding the principles of fairness and transparency, essential pillars in establishing and maintaining trust within the community.
The supply dynamics of RLB are particularly noteworthy, with a hard-capped total of 5 billion coins and a deflationary mechanism facilitated through token burns. This process unfolds during each lottery round, where a designated portion of the staked tokens is permanently expunged from circulation. This dual mechanism not only incrementally diminishes the total supply but also has the potential to bolster the token’s value over time.
In summary, Rollbit Coin has established a distinctive niche within the cryptocurrency realm, distinguished by its innovative integration with the Rollbit platform’s lottery and gaming features, astute supply management, and community-centric distribution model. As with any cryptocurrency investment, it is imperative to undertake exhaustive research and carefully weigh the inherent risks before participating.