Rollbit Token: Reap Rewards With RLB And Rollbit

Crypto casinos may accept a variety of cryptocurrencies, but very few actually offer their own blockchain-based tokens. With the Rollbit Token (RLB), Rollbit is one of the few casinos stepping up and finding new methods of cryptocurrency adoption, offering players unique ways to earn and use the platform’s native coin. 

What Is RLB?

Rollbit is a cryptocurrency casino gaining popularity in the world of online gambling. It boasts a variety of innovative features making it unique, from enticing incredible incentives to over 2000 games. 

Rollbit tokens (RLB), as described in the Rollbit whitepaper, are the official utility tokens of Rollbit casino, launched alongside the Rollbit lottery, intended to be the main driving force behind the demand for RLB. The RLB token runs on the Solana blockchain with an initial supply of 5 billion tokens. 

Unlike the usual token launch, there was no ICO for RLB. Instead, Rollbit airdropped RLB to users of its trading and gaming platform at the time. The RLB token functions as admission tickets to the Rollbit lottery, allowing holders a chance to earn a portion of the casino’s profits. But there is more to RLB than meets the eye, so let’s learn more about Rollbit tokens. 

How Do You Buy Rollbit Tokens?

Rollbit Intends to have RLB listed on popular centralized and decentralized exchanges. Currently, it is possible to buy and sell RLB via Rollbits custom market on DexLab or to swap RLB via Raydium.

Steps To Buying RLB

1. Download the Phantom Wallet
2. Set up your Phantom Account
3. Deposit SOL and USDC as your base currencies with your Phantom Wallet from a CEX like Binance 
4. Choose a decentralized exchange, we recommend Dexlab or Raydium
5. Connect your wallet to the DEX

When placing an order on Dexlab to purchase RLB, you will need some USDC or SOL in your wallet. You will need to match the best offer, which is the sell order in the order book with the lowest price. Once you have verified the transaction in your Phantom wallet and the trade has been completed, you will need to navigate to the ‘settle’ section and settle the RLB balance in order for the RLB to reflect.

Depositing RLB On Rollbit Casino

1. Copy the deposit address from Rollbit casino 
2. Paste the deposit address into the “Recipient’s RLB Address” field in the Phantom wallet 
3. Choose RLB
4. Verify how many tokens to transfer 
5. Click “Send”. 
6. The RLB will be credited to your account shortly after the deposit is validated

What Can You Do With Rollbit Token?

RLB Lottery

The Rollbit Lottery is a necessary component for accumulating RLB to burn. It attracts Rollbit users to buy and stake RLB due to the huge Jackpot and guaranteed reward pools for each round. In order to enter the Rollbit Lottery, a minimum of 10 RLB tokens must be staked. The more RLB that is staked, the more of a chance you stand of winning. 

When placing a wager with RLB in the RLB Lottery, there is a 0.2% fee. The staked Rollbot holders receive 0.1% of the fee back, while the remaining 0.1% is burned. This creates a healthy deflationary asset and traps value in the token market. 

HODL

Rollbit openly states that they anticipate a considerable value increase over the next few years due to RLB’s deflationary nature. According to their projections, 50% of the RLB supply will be burned this year alone. In addition to RLB’s deflationary characteristics as Rollbit expands and broadens its user base, more people will be exposed to RLB in turn raising the demand. So holding onto your RLB long-term might not be a bad idea.

Trade

If you would prefer not to keep your RLB, you could always sell or exchange your RLB tokens.

Rollbit is working hard to get the RLB tokens listed on well-known centralized exchanges and decentralized exchanges, users can trade RLB via the Rollbit Casino custom market on Dexlab or they can swap RLB using Raydium in the interim.

How Can I Earn RLB?

Rewards From Rollbit

You can earn generous benefits like rakeback, cashback, rank-up bonuses, and rollback. If you have a Rollbot attached to your profile, you will receive double the RLB prizes for completing the tasks when you bet on casino games or trade cryptocurrencies on Rollbit. You will get 1 RLB for every $1 claimed in rakeback. You will receive 2 RLB for every $1 claimed through cashback and you will receive 3 RLB for every $1 claimed through rollback. Finally, you receive 5 RLB for every $1 in Level Up incentives that you claim.

Deposit NFTs

For NFT collections that are supported by Rollbit, RLB is available to be claimed for each NFT deposit. By depositing well-known NFTs from ventures like CryptoPunks and Bored Ape Yacht Club, you can earn up to 100,000 RLB.

Staking Rollbots

You can passively earn RLB from the RLB Lottery by staking Rollbot NFTs. The Rollbots staked in the NFT Marketplace receive 0.1% of the RLB taken as fees following each RLB Lottery round. This is on top of the 50% profit sharing holders receive, which is funded by the NFT Marketplace sales.

RLB Cryptocurrency Price

Due to the nature of cryptocurrencies, the RLB price fluctuates making it difficult to give an exact price. If you are looking for the live Rollbit token price there are a few places you can visit. It is recommended to view the current value on price indexes such as Coinmarketcap, Solanacompass, Coinbase, and Coingecko.

Reap Big Rewards With RLB And Rollbit

Their token offers a wide range of utility for users to take advantage of, through playing and earning. There are other crypto casinos with their own gambling tokens, but Rollbit has proven to be a top contender in the field. If you are still curious to find out more about Rollbit and the RLB token, be sure to check out our comprehensive Rollbit review.