The information about the Rollbit Coin (RLB) token is derived from various websites and posts on X. Rollbit Coin (RLB) is an ERC-20 token launched on the Ethereum blockchain, having migrated from the Solana blockchain in June 2023 to leverage Ethereum’s robust infrastructure and broader ecosystem compatibility. It serves as the native utility token of the Rollbit platform, a prominent crypto casino and trading ecosystem established in February 2020 by founders Lucky and Razer. Unlike many cryptocurrencies, RLB did not have an Initial Coin Offering (ICO); instead, it was airdropped to existing Rollbit users, fostering community engagement from the outset. The token’s total supply is capped at 5 billion coins, with a deflationary mechanism in place where a portion of tokens is burned—permanently removed from circulation—through various processes, including staking fees and a buyback-and-burn program introduced in 2023.

RLB’s primary function is to power the Rollbit ecosystem, with its most notable utility being its role in the RLB Lottery. To participate, users must stake RLB tokens, which serve as entry tickets, offering a chance to win a share of the platform’s profits. This profit-sharing pool accumulates 20% of the casino’s daily revenue, distributed among lottery winners, creating a direct link between token utility and platform success. Beyond the lottery, RLB provides additional benefits, such as increased rakeback (up to 70% through the Rollbit Rewards program), reduced trading fees, and access to exclusive features like the AcceleRaytor-style launchpad for new projects. The token also integrates with Rollbit’s NFT marketplace, where RLB can be used for transactions, and half of the 0.20% staking fees accrue to staked Rollbots, Rollbit’s NFT project, enhancing its utility within the ecosystem. The platform supports deposits in multiple cryptocurrencies (e.g., ETH, BTC, SOL, LTC) to purchase RLB directly on Rollbit, and the token is tradable on decentralized exchanges like Uniswap. Security is bolstered by smart contract audits from firms like CertiK, and RLB’s deflationary design aims to reduce supply over time, potentially supporting its long-term value proposition.