- Rollbit’s recent announcement on daily RLB token burns results in a staggering 63% price surge.
- In just 24 hours, Rollbit’s revenue exceeds $2 million across its diversified services.
Rollbit’s Strategic Play: Impact on RLB Token
The world of crypto casinos is experiencing a shakeup. Rollbit, a prominent name in the crypto casino and exchange sphere, has unveiled its game-changing strategy: a daily buy and burn approach for its RLB tokens, determined by the platform’s revenue. As expected, this move led to a sharp 63% surge in the token’s price.
To better understand this, it’s essential to grasp Rollbit’s standing in the crypto ecosystem. The platform is not merely an avenue for sports betting and arcade games. Rollbit stands out by allowing users to trade tokens with an impressive 1000x leverage and offering a unique tokenized jackpot. Their recent performance indicators are astonishing, with platform data spotlighting over $2.5 billion in crypto futures traded on Rollbit in a mere 24-hour span.
Breaking Down the Token Burn Strategy
In a recent Twitter statement, Rollbit’s co-founder, aptly named “Lucky”, broke down the mechanism behind this new approach. Precisely, 30% of all fees from crypto futures, 20% from sports betting, and a further 10% from casino games will be dedicated to purchasing RLB on the open market. This is where the “burn” comes in: these acquired tokens will be sent to an inaccessible address, essentially being removed from circulation.
The strategy’s immediate impact? A clear, data-backed revelation that Rollbit’s revenue surpassed the $2 million mark in just a day across its various services. With this, one can anticipate a significant daily funding for RLB purchases after deducting overhead costs.
This move isn’t just a flash in the pan; its repercussions can be long-term. If Rollbit’s platform usage maintains its growth trajectory, we might witness a continuous buying pressure on RLB. But what’s behind Rollbit’s thriving momentum? The platform’s blend of crypto games and unique offerings is attracting users, even in the face of a general bear market. As Lucky highlighted,
“Regardless of market conditions, our diverse product range has paved the way for steady revenue streams.”
As of now, RLB is trading at 16 cents, and the crypto community waits with bated breath to see how Rollbit’s strategy further unfolds.