Question 1

What is Rollbit Coin (RLB)?

Accepted Answer

Rollbit Coin (RLB) is a cryptocurrency associated with the Rollbit platform, a comprehensive GambleFi platform offering a range of products such as casinos, sports betting, futures trading, and an NFT marketplace. The Rollbit token was launched as a crucial component of the Rollbit lottery, which aims to drive demand for the token. Unlike many cryptocurrencies, RLB did not have an ICO (Initial Coin Offering); instead, it was airdropped for free to existing users of the Rollbit.com casino and trading platform. The token's supply is capped at 5 billion coins, and its utility includes its integral role in the Rollbit lottery, with prizes coming from a share of Rollbit's profits​​​.

Question 2

What is Rollbit Coin (RLB) used For?

Accepted Answer

The primary use of RLB is in the Rollbit lottery, where tokens must be staked to enter. The lottery offers the chance to win a share of the casino’s profits, sourced from 20% of all the casino’s profits accumulated daily. Besides the lottery, RLB also has other utilities, such as in the Rollbit platform's various features including Rollback, Rollboxes, marketplace profit-sharing, and lottery stakes. These utilities range from offering additional rakeback in casino games, allowing users to become the house in their own casino game, earning a percentage of marketplace fees, and receiving lottery tickets in the form of RLB for staking Rollbots, an NFT project on the Rollbit platform​​​.

Question 3

Who created Rollbit Coin (RLB)?

Accepted Answer

The Rollbit platform, associated with Rollbit Coin, was founded in February 2020. The platform and its token were developed by a team of co-founders, including individuals known as Lucky and Razer.