Introduction to RLB Cryptocurrency
RLB (Rollbit Coin) is a cryptocurrency that acts as a utility token within the Rollbit platform. Rollbit is a comprehensive GambleFi platform established in February 2020, offering a variety of products such as casinos, sports betting, futures trading, NFT markets, and more.
Issuance and Features of RLB
- Issuance Method: RLB was not issued through the typical ICO process but was instead distributed through a free airdrop into the market, known as a "Fair Launch" model, similar to yearn.finance (YFI) in the DeFi sector.
- Utility: RLB provides various benefits to its holders, including increased cashback, reduced trading fees, and eligibility to participate in RLB lotteries, a unique feature that allows token holders to win a portion of casino profits.
- Lottery Mechanism: To participate in the lottery, holders must stake their tokens, not only gaining entry into the lottery but also helping to build a profit-sharing pool. This pool accumulates 20% of the casino's daily profits, which are then distributed to the lottery winners.
RLB Ecosystem
- Platform Features: The Rollbit platform has demonstrated significant appeal, with over 1 million registered users and $5 billion in bets, indicating a strong foundation for the utility and potential value proposition of RLB.
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