rollbit coin logo
Rollbit Coin
RLB
$0.08

Sector

Gambling

Exchange Debut

2022-03-24

Market Cap

215,301,275

Maxim Supply

5,000,000,000

Circulating Supply

2,574,816,516

Circ. Supply(%)

51.50%
rollbit coin logo

Rollbit Coin

RLB

Price

$0.08

Market Cap

Sector

Exchange Debut

215,301,275
2022-03-24

Volume 24h

High 24h

Low 24h

2616201
0.091890372793
0.078494536628

Change 24h

Change 7d

Change 30d

6.0133
47.4646
16.5219

Maxim supply

Circulating supply

Circulating supply(%)

5,000,000,000
2,574,816,516
51.50%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Rollbit Coin-RLB cryptocurrency:

Rollbit Coin (RLB) emerged as an integral component of the Rollbit lottery system, leveraging a unique approach where the token was generously airdropped to loyal users of the Rollbit casino and trading platform rather than through a conventional ICO. A combination of a lottery system and profit-sharing mechanism empowers the RLB token to possess utility from the outset. The fundamental analysis of the Rollbit Coin-RLB cryptocurrency gave it an aggregate score of 6.61 out of 10, suggesting a robust design with room for growth.

SOCIAL & MASS MEDIA: Score 7.1 out of 10

RLB excels in establishing a strong presence on social media, with outstanding follower attraction and sizable chat groups. Their administrators are actively engaged, though the community activity lags, indicating potential for further engagement and interaction. Media presence is satisfactory, showing a moderate visibility for RLB in the news and media outlets.

AUDIT & SECURITY: Score 4.45 out of 10

While RLB’s liquidity on exchanges is fairly commendable, it falls short in terms of audit results and transparency. The lower scores suggest a necessity for enhanced clarity and thorough auditing to bolster trust within the community.

TOKENOMICS: Score 6.7 out of 10

The fundamental analysis of the Rollbit Coin-RLB cryptocurrency in terms of tokenomics presents a balanced view. The design intends to combat inflation, with a reduction in token supply over time to potentially drive value. However, concerns around centralization of this monetary mass could pose challenges.

ECOSYSTEM DEVELOPMENT: Score 7.24 out of 10

Rollbit displays a commendable commitment to their project milestones and the addition of new features. Their vision aligns with their achievements, and continuous development seems to be at the forefront of their strategy.

TEAM & DEVELOPERS: Score 4 out of 10

The team behind RLB, while involved, appears to have a moderate level of experience, and the number of software developers could be higher to boost confidence in the project’s technical advancement.

PRODUCT & UTILITY: Score 9 out of 10

Rollbit’s strongest point lies in the utility of its product and the token within its ecosystem. Their tokenomics and use-case, driven by a profit-sharing mechanism, positions RLB as a standout in terms of real-world applicability.

PARTNERS & INVESTORS: Score 4.5 out of 10

While there’s evidence of some significant investors and partners on board, there’s room to expand and diversify to build a robust network, critical for long-term sustainability.

Fundamental analysis of the Rollbit Coin-RLB cryptocurrency – The final conclusion

The fundamental analysis of the Rollbit Coin-RLB cryptocurrency illustrates a project with solid foundations, particularly in product utility and social presence. Nevertheless, areas like team experience, audit transparency, and partnerships require bolstering to maximize potential. Investors should exercise due diligence, weighing the robust utility and social engagement against areas of potential risk. With a comprehensive understanding and strategic adjustments, RLB holds promise in the dynamic world of cryptocurrencies.

What is Rollbit Coin-RLB?

 

The Rollbit token (RLB) serves as an essential component of the Rollbit lottery, with no ICO conducted for its release. Instead, the RLB was distributed for free to existing Rollbit.com users. With an emphasis on acting as entry tickets for a lottery, RLB holders can win a portion of the casino’s earnings. The casino allocates 20% of its daily profits for the lottery’s prize pool. With its utility established from the outset and a capped supply of 5 billion coins, the RLB lottery contributes to the token’s demand.

Staking and Burning Mechanism

To participate in the lottery, RLB tokens need to be staked, and half of the 0.20% staking fee gets burned, thus decreasing the circulating supply. This method supports value growth and results in a 45% annual burn rate when all tokens are staked.

Migration to Ethereum

Originally on the Solana blockchain, Rollbit transferred RLB to Ethereum due to Solana’s limitations. This migration aimed to offer users enhanced rewards and experiences.

Utility of RLB on Rollbit.com

RLB extends benefits such as up to 10% increased casino rakeback, up to 60% reduced crypto trading fees, and a free lottery game. It also allows liquidity provision and features a buy & burn scheme.

Rollbit’s Casino Rakeback and Trading Services

Rollbit offers a reward scheme where users can increase their casino rakeback by holding RLB. Additionally, the company’s crypto trading platform, launched in 2021, aims to simplify the trading process. Unique features include up to 1,000x leverage, diverse fee structures, and real-time trade tracking.

Details of the RLB Lottery

RLB holders can use their tokens as lottery tickets, with each round’s duration based on Bitcoin block times. The lottery and a jackpot run simultaneously, with varied winning probabilities. The lottery results are determined using a combination of a random secret, a future Bitcoin block’s hash, and an optional user-provided seed.

By offering an innovative utility and rewarding system, the Rollbit Coin (RLB) presents an interesting addition to the cryptocurrency landscape.

Fundamental analysis of the Rollbit Coin-RLB cryptocurrency

Rollbit Coin - RLB performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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