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Rollbit Coin news
About Rollbit Coin
The Rollbit token (RLB) was launched as an integral part of the Rollbit lottery. There was no ICO for RLB. Instead, Rollbit have airdropped RLB for free to existing users of it's casino and trading platform, Rollbit.com
The RLB lottery will drive the demand for the token, acting as entry tickets
that give holders the chance to win a share of the casino’s profits. RLB
tokens must be staked to enter the lottery.
The prizes will come from our profit sharing pool, where 20% of all the
casino’s profits on a daily basis will accumulate over the course of each
round.
By having a proven product and with Rollbit already running at a profit
before launching the token, RLB provided utility from day one by being
an integral part of the lottery, with prizes coming from a share of Rollbit's
profits.
The supply of RLB is capped at 5 billion coins. To access the lottery, RLB
must be staked in each round where half of the 0.20% staking fee will be
burned (i.e., permanently removed from the supply).
Since each round will see RLB permanently removed from the supply, the
number of tokens in circulation will gradually fall over time, helping to
support value growth. The other half of the staking fees will accrue to
staked Rollbots, Rollbit's NFT project.
When all RLB tokens are staked, there’ll be a burn rate of 45% of the total
supply per year. As more RLB is staked, this leads to a greater reduction in
supply as a higher number of tokens are burned to enter the lottery. And as
demand increases over time, this puts upward pressure on the price of RLB.
The live Rollbit Coin price today is $0.077538 USD with a 24-hour trading volume of $384,511 USD. We update our RLB to USD price in real-time. Rollbit Coin is up 1.72% in the last 24 hours. The current CoinMarketCap ranking is #278, with a live market cap of $206,789,582 USD. It has a circulating supply of 2,666,952,570 RLB coins and the max. supply is not available.
If you would like to know where to buy Rollbit Coin at the current rate, the top cryptocurrency exchanges for trading in Rollbit Coin stock are currently LBank, Uniswap v3 (Ethereum), Poloniex, and Giottus. You can find others listed on our crypto exchanges page.