Introduction to RLB Cryptocurrency
RLB (Rollbit Coin) is a cryptocurrency that serves as a utility token within the Rollbit platform. Rollbit is a comprehensive GambleFi platform established in February 2020, offering a variety of products including casinos, sports betting, futures trading, NFT marketplace, etc.
RLB Issuance and Characteristics
- Issuance Method: RLB was not issued through a typical ICO process but entered the market through a free airdrop, known as a "Fair Launch" model, similar to yearn.finance (YFI) in the DeFi field.
- Use Cases: RLB provides various benefits to its holders, including increased cashback, reduced trading fees, and eligibility to participate in RLB lottery, 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, which not only enters them into the lottery but also helps 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: Rollbit platform has demonstrated significant appeal with over 1 million registered users and $5 billion in betting volume, indicating a solid foundation for the practicality and potential value proposition of RLB.
- -Translation not completed-Token Migration: In June 2023, Rollbit platform announced the token migration, moving RLB from the Solana blockchain to Ethereum, bringing vitality and more attention to RLB.
RLB Security and Usage
Security: RLB's security mainly depends on the blockchain platform it resides on, with Ethereum's security providing a solid foundation for RLB.
Usage: RLB is primarily used for trading and lottery activities within the Rollbit platform, offering holders various benefits and participation opportunities.
Who founded RLB?
Cryptocurrency RLB (Rollbit Coin) was created by the Rollbit platform. Rollbit is a comprehensive GamblFi platform founded in February 2020, offering a variety of products and services such as crypto casinos, futures trading, and NFT markets. The founding team of RLB has not explicitly stated which individual created it, but it was launched as the native token of the Rollbit platform.
Which venture capitalists invested in RLB?
According to the information provided, the investment information for Rollbit (RLB) did not directly mention specific venture capital firms that invested in RLB. However, the article mentioned investment situations in other projects, such as:
- SX Network raised $9.5 million in funding, with investors including Polygon, Hack VC, CMCC Global, Nascent, and FJ Labs.
- TG.Casino successfully subscribed.
- GMBL.COMPUTER raised $750,000 on the Camelot platform and over $2.2 million through LBP on the Swerve platform.
For investment information regarding Rollbit (RLB) itself, the article does not provide specific venture capital information.
