Rollbit, the popular online crypto casino, is making waves in the industry with its RLB token, which has been gaining significant attention and value accrual. In his Twitter thread, analyst BarryBlue, delves into the important features that have contributed to RLB’s success and analyze the potential for further growth.
First and foremost, Rollbit is being traded at a mere 300th of its fair value, leaving potential investors in a state of awe. This significant discrepancy in valuation alone is enough to capture the attention of savvy traders looking to capitalize on undervalued assets.
What truly sets Rollbit apart, however, is its financial performance. BarryB uncovered that Rollbit’s daily trading volume across perpetual markets surpasses a staggering $3.4 billion. This immense volume places Rollbit in the upper echelons of the crypto world, rivaling even the likes of industry giant Binance in terms of daily trading activity.
But that’s not all. When considering the revenue generated by Rollbit from this colossal volume, the numbers are jaw-dropping. With the application of their recently introduced 4 basis points (bps) flat fee, Rollbit rakes in approximately $1.36 million daily, resulting in a mind-boggling annualized revenue of $498,582,700. Astonishingly, this revenue surpasses that of Ethereum, a cryptocurrency with a valuation 2000 times higher than Rollbit’s.
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Show more +Comparing Rollbit’s revenue to other prominent protocols in the crypto sphere further emphasizes its incredible performance. Tron, valued at 59 times Rollbit, generates a remarkable 81% of Rollbit’s revenue. Similarly, Lido, with a valuation 16 times that of Rollbit, contributes 12% of Rollbit’s revenue. These comparisons solidify Rollbit’s position as a revenue-generating powerhouse within the industry.
Furthermore, let’s examine the 24-hour normalized spot volume of the top centralized exchanges (CEXes). Astonishingly, Rollbit’s perpetual trading volume alone is equivalent to half of Binance’s reported spot volume, showcasing the remarkable demand for the platform’s offerings.
When it comes to value accrual, RLB boasts a unique proposition. One notable aspect is the lottery system, where 20% of the casino’s profits are dedicated to a lottery pool.
Participants can wager their RLB tokens for a chance to win, and a 0.2% fee is levied on these wagers. Importantly, 50% of this fee is burned, contributing to deflationary pressure. With approximately 8% of the total token supply taking part in the lottery daily, the annualized burn rate amounts to a staggering 95 million RLB tokens or 2.9% deflation. Remarkably, nearly 36% of the total token supply has already been burned through this mechanism, underscoring the token’s deflationary nature.
Another exciting development on the horizon is the potential for fee reduction. Rollbit aims to introduce a system where high rollers can reduce their transaction fees by paying in or staking RLB tokens, mirroring the model employed by Binance with its native BNB token. This incentive presents a compelling opportunity for traders to acquire RLB tokens, potentially leading to increased demand and reduced selling pressure.
Moreover, Rollbit has recently migrated a significant portion of its liquidity onto the Ethereum network. This move allows for larger buy and sell orders, catering to the needs of institutional investors and influential market players. Improved liquidity enables these participants to establish substantial positions without suffering from significant slippage during purchases or facing difficulties exiting due to limited liquidity.
While Rollbit’s success story is compelling, it is essential to address the regulatory concerns surrounding the platform. As a non-KYC (Know Your Customer) online casino, Rollbit operates outside the bounds of traditional licensing. This regulatory gray area raises potential risks and challenges. Nevertheless, it is worth noting that the crypto community has always embraced risk-taking as a means to achieve generational wealth, and Rollbit’s offerings continue to attract enthusiasts who are willing to navigate these uncertainties.
What is the role of RLB token?
Rollbit Coin (RLB) is a cryptocurrency associated with the Rollbit platform. It is used for various purposes within the platform, including Rollback, Rollbox revenue sharing, market stakes, and lottery stakes.
- Rollback: Each Rollbot (an NFT on the Rollbit platform) comes with a certain percentage of Rollback, which is an additional rakeback applied to your Rollbit casino and trading account. The higher the rarity of the Rollbot’s body type, the higher the Rollback percentage. Rollback applies to the house edge of the games you play, providing additional earnings.
- Rollboxes: Rollboxes are created by Rollbot holders and offer the chance to become the house in your own casino game. Rollbot holders can associate a Rollbot with a Rollbox and add prizes to it, such as NFTs or cash prizes. When a Rollbox is opened, the associated Rollbot’s creator receives a revenue share based on the traits of the Rollbot and the prizes inside the Rollbox.
- Marketplace Profit-Sharing: Rollbit’s NFT marketplace allows Rollbot holders to stake their NFTs and earn a percentage of the marketplace fees. After each lottery round, half of the marketplace’s profits are distributed to staked Rollbots, with the rarity of the hat trait determining the share.
- Lottery Stakes: Rollbot holders who stake their Rollbots during the lottery round receive lottery tickets in the form of RLB. A staking fee applies, and half of it is burned while the other half is redistributed to staked Rollbots. The rarity of the eye trait determines the share of RLB that is redistributed.
- Lottery Multiplier: The lottery multiplier is based on the rarity of the ear trait of a Rollbot. Rollbots with rarer ears can unlock a higher multiplier when staking RLB to enter the lottery. The more RLB staked, the greater the chance of winning, but more RLB is burned with each entry.
These features provide various benefits and opportunities for Rollbot holders to earn additional rewards and participate in the Rollbit ecosystem. It’s important to note that user experiences and opinions about the Rollbit platform may vary, as seen in the negative review.
When evaluating RLB’s value proposition against competing tokens, such as VC-Chain Nr.75, several factors stand out. RLB showcases a clear Product-Market Fit (PMF), a competitive moat, a thriving user base, substantial trading volume, impressive revenue generation, a deflationary supply model, a talented team, effective marketing strategies, and multiple use cases. Given these attributes, doubting the potential of RLB would be akin to dismissing the early prospects of a rising asset like $PEPE at a valuation of 10 million.
Rollbit’s RLB token continues to surge in popularity and value, backed by its unique value accrual mechanisms and promising future developments. As the platform navigates the regulatory landscape, it remains an intriguing option for crypto enthusiasts seeking to capitalize on its potential for substantial returns.
