In today’s market rebound, the $RLB token has been leading the pack. The token, which is the cornerstone of the Rollbit platform, has seen a significant increase in value, with some speculating about its potential for financial freedom in the coming years.
Rollbit, a popular platform in the crypto community, today introduced a Buy & Burn feature for $RLB. This update includes a revenue dashboard, hourly updates to the revenue and $RLB lottery pool, and an automated on-chain burn process. Additionally, 10% of bought $RLB is distributed hourly to staked Rollbots, with staked Rollbots being locked for 30 days.
The revamped tokenomics of $RLB have been met with enthusiasm by the community. The token has seen a 2x increase from its buy zone, and some believe it could reach a multi-billion dollar market cap in the next one to two years.
The price of Rollbit Coin (RLB) is $0.175386 today with a 24-hour trading volume of $39,653,565.38. This represents a 62.12% price increase in the last 24 hours and a 122.17% price increase in the past 7 days. With a circulating supply of 3.3 Billion RLB, Rollbit Coin is valued at a market cap of $580,861,285.
The growth of $RLB is not an isolated event. It is part of a broader trend in the crypto market, with other GambleFi projects also experiencing significant growth. Tokens such as $WINR and $COCO have seen increases of over 45% and 23% respectively. This shift suggests that the focus of the community may be moving from meme coins to more substantial projects.
In addition to $RLB, other tokens like $UNIBOT, $DMT, and $BITCOIN have also been performing well, indicating a positive day for the crypto market. Interestingly, some have observed a pattern where a pump in $RLB is often followed by a surge in $BCB, hinting at potential growth opportunities for savvy investors.
As the crypto market continues to evolve, the success of tokens like $RLB underscores the potential of innovative tokenomics and the growing interest in GambleFi projects. However, questions remain about Rollbit’s RLB burn model based on revenue. It is unclear:
• If the burn is based on total revenue or profits
• How exactly tokens are burned – from treasury or open market buys
• If the claimed revenue figures are realistic given Rollbit’s size
The dashboard shows total revenue, not profits, but the burn should likely be based on profits.
The reported casino and sports revenue figures seem high relative to typical profit margins in those industries.
Rollbit needs to provide more transparency and clarity around:
• How the RLB burn model actually works
• What revenue and profit figures they are using
• Explanations for any inconsistencies in the revenue numbers
Greater transparency on Rollbit’s revenue model and burn mechanisms is needed to increase confidence and reassure investors about the sustainability of their RLB token burn program.
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