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The Power of the Burn: How Rollbit (RLB) Sustains Growth in a Volatile Market
Rollbit Casino needs little introduction; it’s one of the pioneering “true” crypto-native GambleFi platforms, blending casino games, sportsbook, leveraged crypto futures trading, and NFTs. At the center is its own utility token, $RLB, and the ingenious Rollbit RLB token burn.
An “aggressive” Buy & Burn mechanism that permanently removes RLB tokens from circulation at a percentage of the platform’s daily performance: 30% of Crypto Futures fees, 20% of Sportsbook revenue, and 10% of Casino revenue. The benefit, Rollbit’s $RLB, is perpetually set for an upward price trajectory, solely based on the casino’s volume rather than retail hype. Here’s more.
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What is Rollbit and the RLB token - how does it work?
Rollbit holds its status as arguably sitting at the helm of crypto-native GambleFi platforms (Est. February 2020) that have replicated mechanisms you’d only hear in top cryptocurrencies, like Ethereum's token burn. But first, let’s take a step back. What is Rollbit, the $RLB token, and Rollbit RLB token burn?
As shared, Rollbit has had year-on-year growth to date, fueled by its full range of products, as you get an exhaustive casino, sportsbook, leveraged crypto futures 1000x trading, NFTs (Rollbots), and RLB Lottery. Plus, extras like rakeback, races, jackpots, and an on-site “Degen Exchange” for swapping cryptocurrencies. Tying it all up is the Rollbit RLB token or $RLB. A publicly listed utility cryptocurrency for Rollbit that’s revenue-backed and tied into the platform’s ecosystem.
Better yet, it’s with benefits on-site like increased rakeback (+10%), entry into RLB Lottery by staking the token, reduced crypto futures trading fees: up to 60%, and the Buy & Burn deflationary system.
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Getting to know Rollbit’s RLB Token Burn and the deflationary system
Now that you’re in the know about Rollbit, its publicly traded utility token ($RLB), and on-site coverage, all-in-one platform; let’s get to the lauded Rollbit RLB Token Burn mechanism. This ties in with the RLB utility token that you can use with their long list of crypto casino bonuses, like the 15% rakeback welcome bonus (on all bets) to daily races, bonus battles, slot challenges, and the continuing rakeback promo post-signup. Now onto Rollbit’s RLB Token Burn.
You’re well-informed about the utility token. Now, Rollbit RLB Token Burn is the platform's exclusive deflationary system, wherein they use a fixed percentage of Rollbit’s gross revenue to buy back RLB tokens in the open market on an hourly basis.
- 30% of Crypto Futures fees
- 20% of Sportsbook revenue
- 10% of Casino revenue
Once bought back, 90% of them are permanently burned, with the remaining 10% redistributed as rewards to staked Rollbit NFT holders.
The result: this perpetually generates buying pressure, which sees the price of the token go up. In a sense, synthetically, creating a floor that forces the price upwards via organic casino volume, as opposed to speculative retail hype. To date, ~66.94% of the RLB Supply has been burned, with only ~33.06% in circulation. In all, the less of it in the market, the more the price will mark up.
Final thoughts on Rollbit RLB Token Burn
Rollbit’s RLB Token Burn mechanism is a work of art: “seldomly” do crypto-native GambleFi platforms think this far into the future, and Rollbit has the framework nailed down to-a-tee. Yes, you can use other cryptocurrencies on-site, but the native utility token comes with perks, like increased rakebake, Rollbot NFT staking, and reduced fees on leveraged crypto futures trading.
Better yet, while it may put into question “why do they do it?” Well, it’s in a way a marketing tactic; it will get more users onboard with the token even on exchanges, and in lieu of that, Rollbit RLB Token Burn is deflationary; the price will continually mark up, thus better returns for holders. A closed ecosystem overall. If you want to explore this token for yourself please use the links on this page.
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