RLB has 4 core utility benefits, each of which are fully integrated into our popular crypto platform, Rollbit.
Buy & Burn: RLB is deflationary due to Rollbit dedicating a large portion of revenue towards a Buy & Burn program. Each week, millions of USD of $RLB is burnt and taken out of the supply.
We have a dedicated dashboard for tracking our Buy & Burn program available on our website.
RLB Lottery: RLB can be used as an entry ticket into a free lottery hosted on our website, Rollbit. There is no entry fee for the lottery, with a stakers full stack of RLB returned after every round. To date, the RLB Lottery has paid out millions of dollars in prizes.
Increased rakeback: Depending on your RLB balance held on-site, you will unlock additional rakeback for casino games available on Rollbit. Rakeback is a reward mechanic that gives the player more of the house edge back for every dollar they wager.
RLB can be used to increase your base Rakeback by up to 10%.
Reduced trading fees: RLB can be used to reduce trading fees on our crypto futures product available at Rollbit. Depending on the value of your RLB holdings, you can reduce your trading fees by up to 60%.
In addition to reducing trading fees, we also offer an option to traders which allows them to pay their entire trading fee in RLB.
The Rollbit token (RLB) will be launched as an integral part of the upcoming Rollbit lottery. There will be no ICO for this token. Instead, Rollbit will airdrop RLB for free. Airdrops have been used throughout the history of cryptocurrencies to bootstrap growth, incentivise community development, and reward early adopters.