Rollbit Coin (RLB) is a digital currency associated with the Rollbit platform, a comprehensive GambleFi platform that offers online casino, sports betting, futures trading, and an NFT marketplace. RLB operates on a blockchain, ensuring transparent and secure transactions within the Rollbit ecosystem. It serves as the platform's native token, providing utility for various activities and has a capped supply of 5 billion coins.
Rollbit Coin (RLB) is the native cryptocurrency of the Rollbit platform, a comprehensive GambleFi platform that offers various services such as an online casino, sports betting, futures trading, and an NFT marketplace. The RLB token serves several purposes within the Rollbit ecosystem:
Lottery Participation: RLB tokens act as entry tickets into the Rollbit lottery, where 20% of the casino's profits are shared among lottery participants. Users must stake RLB tokens to enter the lottery, with a 0.20% staking fee that is split between being burned (permanently removed from circulation) and being redistributed to staked Rollbots (Rollbit's NFT project).
Utility and Rewards: RLB tokens provide utility from day one by being integral to the lottery, with prizes coming from a share of Rollbit's profits. This utility helps drive demand for the token.
Gaming and Trading: RLB tokens can be used within the Rollbit platform for various activities such as casinos, sports betting, and futures trading, making it a multifaceted asset in the online gaming and gambling industry.
Staking and Deflation: The staking mechanism for the lottery leads to a gradual reduction in the circulating supply of RLB tokens over time, which can support value growth as demand increases.
Trading and Liquidity: RLB tokens can be traded on various exchanges, allowing users to buy and sell the token in real-time, contributing to its market capitalization and liquidity.
In summary, Rollbit Coin (RLB) is used for lottery participation, utility, gaming, trading, staking, and deflation within the Rollbit platform, providing a range of functionalities and incentives for users.
To store Rollbit Coin (RLB) tokens, you need to choose a suitable wallet. Here are some options:
- Phantom Wallet: A popular browser wallet that supports RLB, allowing you to store, send, and receive tokens on the Solana network.
- MetaMask: Supports Rollbit Coin as it runs on the EVM blockchain. You can add RLB to MetaMask like any other ERC-20 token.
- Other Wallet Options: There are various wallets available, both open-source and commercial, that support RLB. These wallets offer different features and fees, so it is essential to consider factors like security, convenience, and fees when selecting a wallet.
Before using any wallet, ensure you follow the necessary steps to set it up securely, such as writing down your seed phrase and using a secure password.
To buy Rollbit Coin (RLB) tokens, follow these steps:
Choose a Crypto Exchange: Select a reliable cryptocurrency exchange that lists Rollbit Coin. Some popular options include Binance, WazirX, CoinSwitch, Uniswap, and Raydium.
Create an Account: Sign up on the chosen exchange by providing the required information and verifying your account.
Deposit Funds: Deposit the desired amount of funds into your exchange wallet using available payment methods such as PayPal, Debit/Credit Cards, or Internet Banking.
Place an Order: Use the deposited funds to place an order to buy Rollbit Coin at the current market rate or set a limit order at your preferred price.
Use a Decentralized Exchange (DEX): If you prefer to use a DEX, connect your crypto wallet to the DEX, select your base currency, and swap it for Rollbit Coin.
Store Your Tokens: Once you have purchased the tokens, ensure they are safely stored in your wallet, preferably a cold wallet for long-term storage.
Remember to conduct thorough research, understand the risks involved, and consult with a financial advisor if needed.