What is Rollbit?
Rollbit is an online gambling platform that was established in February 2020. It offers three core services: an extensive casino experience, sports betting, and leveraged futures trading.
Background
Despite being a relatively new player in the online gambling sector, Rollbit has quickly gained prominence. One of the platform’s unique features is the Rollbit Coin (RLB), which serves multiple functions within the platform and has several value accrual mechanisms.
How It Works
RLB allows users to receive a percentage of rakeback, enter lotteries, and get discounts on trading fees. The discount rate and the rakeback percentage depend on the USD value of the user’s RLB holdings. A unique feature of RLB is the Buyback and Burn Program, which Rollbit implemented on Aug 8th. This program uses revenue earned to buy back RLB hourly and burn 90% of it, reducing its supply. The remaining 10% is redistributed to Rollbots NFT stakers.
Key Takeaways
- Rollbit, an online gambling platform established in 2020, offers casino experiences, sports betting, and leveraged futures trading.
- Despite being new, Rollbit has rapidly gained prominence in the online gambling.
- One of Rollbit’s unique features is the Rollbit Coin (RLB), which has multiple uses within the platform and several value accrual mechanisms.
- RLB allows users to receive a percentage of rakeback, enter lotteries, and get discounts on trading fees.
- Rollbit has a Buyback and Burn Program uses the revenue to buy back RLB hourly and burn 90% of it, reducing its supply and redistributing the remaining 10% to Rollbots NFT stakers.
