Home
News
- 1 RLB is a utility token within the Rollbit platform, primarily used as an entry ticket to the Rollbit lottery.
- 2 The RLB coin is trading below the 150 and 50-day EMA levels.
Rollbit launched their Rollbots (v1) NFT collection in Oct 2021, after already having a functioning product. Rollbit’s confidence was evident as they offered a 30-day buyback to first buyers who wanted more.
Soon after, they launched their marketplace and introduced staked Rollbots, which started earning a share of profits from the marketplace.
In March 2022, Rollbit launched its sports betting platform, Sports Rollbots (v2), supporting over 80 sports, allowing users to place bets on popular sporting events worldwide.
Rollbit Coin (RLB) serves as an entry ticket to the Rollbit lottery, where 20% of the casino’s profits are shared between regular lottery prizes and the jackpot (split 70:30). A lottery round takes place every 100 Bitcoin blocks, and 100 lucky entrants are selected to win prizes.
Users must stake their RLB tokens to participate in the lottery, which incurs a 0.20% staking fee. Half of the staking fees are permanently removed from the circulating supply, making RLB a deflationary token. The other half is distributed to staked Rollbots after every lottery round, with higher staked RLB resulting in a greater chance of winning.
What is an RLB Token?
RLB is a utility token within the Rollbit platform, primarily used as an entry ticket to the Rollbit lottery. As users stake more RLB, the token’s supply decreases, along with the number of tokens burned to enter the lottery. The other half of the staking fees goes to staked Rollbots, Rollbit’s NFT project.
Rollbit’s NFT owners, casino and trading platform users, and giveaway recipients received everything for free. There were no ICOs, VCs, team allowances, or reserves as everything was distributed for free.
To receive RLB rewards, users must complete the challenges. For those with a Rollbot connected to their profile, the rewards are doubled. By being one of the first 100 people to finish the challenge released at 00:00 UTC every day in December, users can receive a higher RLB payout. Additionally, one lucky person won a Rollbot every day in December.
Technical Analysis and Prediction of RLB Price
The RLB price has been trading in a downtrend since the start of November 2023. The token didn’t move with the crypto rally last year. However, the bullish investors have made a surge above the current support level of $0.1153. The 50-day EMA is at $0.1375 while the 150-day EMA is at $0.1401. The target price as per the current technical analysis of RLB could be the resistance level of $0.1492 if it broke the EMA levels.
Conclusion
RLB is the token used for the Rollbit lottery. It has been trading in a downtrend since November 2023 and didn’t follow the crypto rally. In the community of Rollbit, A lottery round takes place after every 100 Bitcoin blocks and 100 lucky entrants are selected to win prizes.
Technical Levels
- Support Levels: $0.115 and $0.0965
- Resistance Levels: $0.1492 and $0.193
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
