Understanding the new blockchain game project Rollbit: A new sports competition gameplay highlighting P2E attributes

In today's digital age, cryptocurrency and the online gambling market have become two major hotspots in the financial and entertainment sectors. However, with the rapid development of these two fields, the market also faces a series of pain points and challenges.

Firstly, the market's volatility is extremely high, which causes many investors to face significant capital losses in a short period. Secondly, due to a lack of transparency and regulation, many gambling platforms exhibit fraudulent and unfair practices, harming users' rights.

Additionally, the adoption rate of cryptocurrency in gambling remains relatively low, limiting its application and popularity in a broader market.

In the world of digital currencies, various projects have emerged like mushrooms after rain, but very few can stabilize and lead in specific fields, especially in the GambleFi sector. Below is an introduction to Rollbit Coin (RLB).

Rollbit Project Introduction: Web3 Gaming Hub for Competitive Activities

Rollbit, established in February 2020, is a comprehensive GambleFi platform that not only provides traditional casino and sports betting services but also covers diverse products such as futures trading and NFT markets. According to official data, Rollbit's market capitalization has exceeded $633 million, and the platform has attracted over 1 million registered users. These figures fully demonstrate Rollbit's strong capabilities and extensive user base in the GambleFi sector.

Rollbit Data Performance Chart

According to the latest data, the total market capitalization of the GambleFi category, as reported by Coingecko, is $650 million, while Rollbit Coin (RLB) has an astonishing market capitalization of $500 million, accounting for 77% of the category. This figure not only shows RLB's absolute leadership in the GambleFi field but also proves its strong appeal in the entire cryptocurrency market. Furthermore, RLB's 24-hour trading volume accounts for nearly half of the GambleFi category, further demonstrating its activity and liquidity in the market.

In terms of products, Rollbit adopts a "gaming hub" model, providing users with a rich variety of game choices. In addition to some common traditional games, Rollbit has made many efforts in innovation. For example, the Casino area features many games that enhance user interaction, including challenges that any user can initiate and bonus battles that allow users to interact and compete with the balance in the prize pool.

Sports betting is another highlight of Rollbit, supporting players to bet on a wide range of sports events, including but not limited to NFL, NBA, soccer, UFC, and esports. This provides a perfect platform for sports enthusiasts to enjoy the excitement of betting while watching the games.

But Rollbit's innovations do not stop there. It offers users the opportunity to trade over twenty mainstream cryptocurrencies in the futures trading area, with trading leverage reaching an astonishing 1,000 times. This provides cryptocurrency investors with a high-leverage, high-risk, and high-return trading environment.

Overall, Rollbit is not only a traditional GambleFi platform but also a comprehensive digital currency trading and entertainment platform. Its rich product line and innovative services make it stand out in the GambleFi sector, attracting a large number of users and investors.

Platform Asset RLB Introduction: 100% Airdrop Issuance

Rollbit Coin (RLB) is a core part of the Rollbit lottery. RLB did not undergo an ICO but was airdropped for free to existing users of its casino and trading platform Rollbit.com. The RLB lottery will drive the demand for the token, serving as a ticket for holders to have a chance to win a portion of the casino's profits. To participate in the lottery, users must stake RLB tokens. Prizes will come from the official profit-sharing pool, with 20% of all profits from the casino accumulating in each round.

Before the token launch, Rollbit was already profitable, so RLB has provided utility from day one, being an indispensable part of the lottery, with prizes coming from Rollbit's profit share and a buyback mechanism. Below is an introduction to the RLB token assets.

Concept Diagram of RLB's Token Economic Model

1. Token Overview:

1. Issuance Method: RLB tokens are issued 100% through airdrops, without going through the traditional ICO process or OTC trading.

2. Issuance Purpose: RLB is the utility token of the Rollbit platform, initially launched as part of the Rollbit Lottery product.

3. Supply: The total supply of RLB is 5 billion tokens.

4. Value Driver: The RLB lottery will drive the demand for the token, serving as a ticket for holders to have a chance to win a portion of the casino's profits.

2. Functions and Rights of RLB:

1. Lottery Participation: To participate in the RLB lottery, users must stake RLB tokens. The lottery prizes come from the casino's profit-sharing pool, with 20% of all profits from the casino being accumulated in each round.

2. Deflationary Mechanism: To participate in the lottery, RLB must be staked each round, with half of the 0.20% staking fee being burned, permanently removing it from supply. This means that over time, the circulating supply of RLB will gradually decrease, helping to support its value growth.

3. NFT Project: The other half of the staking fee will accumulate in Rollbit's NFT project, Rollbots.

4. Burn Rate: When all RLB tokens are staked, the annual burn rate will be 45% of the total supply.

3. RLB and Rollbots NFT:

1. Rollbots NFT: Rollbit launched a total of 10,000 Rollbots series NFTs in October 2021.

2. RLB Distribution: 77% of the supply of RLB will be distributed to Rollbots stakers based on the rarity of the Rollbots' eye features; the remaining RLB will be distributed to users' Rollbit accounts and giveaways through multiple airdrops.

3. Holder Benefits: RLB provides holders with increased rebates, reduced fees, lottery draws, and other benefits.

Latest Updates from the Rollbit Platform: Initiating Buyback and Burn, Aiming to Attract More Web2 Users

1. Migration to Ethereum: In July 2023, Rollbit migrated RLB from Solana to Ethereum, which has a larger user base.

2. Buyback and Burn Mechanism: Rollbit introduced a buyback and burn mechanism for RLB, using a certain proportion of the platform's business income to purchase and burn RLB daily.

Theme Poster for RLB Buyback and Burn

3. New Trading Platform: Rollbit launched Degen Exchange, providing users with the functionality to trade tokens, initially listing popular coins such as RLB, OX, and UNIBOT.

4. Changes in Token Economics: Rollbit officially announced changes in token economics, with 10% of casino revenue, 20% of sportsbook revenue, and 30% of 1,000x contract revenue being used for daily buyback and burn of RLB.

5. Platform Upgrade: The Rollbit platform upgraded to V2 in March 2021, enhancing aspects such as rule design and user experience. Currently, Rollbit caters to both Web2.0 and Web3.0 players, being user-friendly. Users can participate in platform activities through email, Steam, Twitch accounts, or by connecting crypto wallets (like MetaMask).

In summary, the RLB token is not only a core component of the Rollbit platform but is also closely linked to its NFT project, providing users with various incentives and rewards, showcasing its unique economic model and value drivers. A series of recent actions also demonstrate Rollbit's strong confidence in the future development of RLB.