What does Rollbit make daily, and why does it matter for RLB holders?
A couple of days ago, on August 8. Rollbit announced their new tokenomics model, created to increase value for RLB holders: A revenue based “Buy & Burn” program.
Daily, Rollbit will buy RLB and send it to a burn address. This will create buy pressure and decrease supply (which in theory also should increase individual token value). The amount will be different depending on gambling vertical but based on revenue:
- 10% from Casino games
- 20% from the Sportsbook
- 30x from leveraged Futures
So how much are we talking here on a daily basis? To increase transparency Rollbiit is also launching a dashboard. It is already live and today’s revenue values are
- 1 million USDT in the casino,
- 110K on sports betting, and
- 270K on futures.
So, about 200K burned on a regular Thursday... Not bad! It will be interesting to see this on a 7- and 30-day basis, but since the program has only been live since Tuesday those numbers are not in yet. To check out the dashboard, click here, and you will find the Dashboard-button in the upper left corner of the screen.
Since Tuesday, over 4.3 million RLB has been burnt, valued at over 600K USDT at today’s token price (which is down about 7% today by the way).
10% live casino cashback (code: LIVE) or one Spin on the *Wheel of Wins* with a chance for 5,000 USDT (code: WOW). All supported cryptocurrencies qualify, too many to list individually.
Bonus can be claimed with all supported cryptocurrencies, to an USDT denominated equivalent of roughly 300,000 USDT over your first three deposits.
Playthrough bonus, released every 150 Points. 1 Point = (stake x 0.008) x (100-RTP).