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4 years ago we launched $RLB with a total supply of 5 billion coins.
While the majority of projects in this space allocate a large percentage of their token supply to the team, VCs and OTC deals, we did things differently. In fact, not a single RLB has ever been sold OTC or to VCs.
Instead, we opted to distribute 100% of the RLB supply to the Rollbit community via airdrops, giveaways, promotions and Rollbot NFT holders.
The immense mindshare of RLB in its early days played a pivotal role in popularising the GambleFi and buy & burn meta. Over the past 4 years, we've watched the marketcap soar from $12m to an ATH of $800m and back to its current marketcap of $100m.
Over the last 30 days, Rollbit has generated $18.5m in revenue (EV), with $2.2m RLB bought and burned. This currently equates to 2.35% of the total RLB supply burned within a single month, cementing RLB as one of the most deflationary coins in the industry.
Every hourly buy & burn is executed on-chain, ensuring complete transparency for everyone to see.
Since we transitioned from the RLB lottery to the buy & burn program in August 2023, we've spent $115.8m to buy & burn 1,144,883,882 RLB.
Today we've reached the next major milestone in RLB's history by burning 3 billion coins totalling 60% of the original RLB supply. 2 billion remain in circulation, a ~35.6% decrease since the start of the buy & burn program just 2 years ago.
Despite the never-ending FUD over the years, our hourly buys and burns continue to do exactly what they were designed to do: burn RLB. Onto the next billion!
The FA Cup makes its return this weekend with its third round of play! Our partners at @SouthamptonFC will be in the spotlight versus Swansea City on Sunday at 16:30 UTC.
We have a special surprise planned that we hope everyone on crypto twitter will enjoy!
If you spot it, tweet it with #rollbit for your chance to win one of ten $100 prizes! (.com users only)
The Solana memecoin ecosystem has had a firm grip on the crypto world this year. The expansion of our deposit methods to include them is long overdue!
With the addition of 15 of the most popular coins, Rollbit continues to be the go-to degen playground for all things SOL
1 year ago we launched the RLB Dashboard! 🎉
With this monumental update, we switched $RLB's deflationary mechanic to 'Buy & Burn' 🔥
Here's some crazy statistics for the first year:
Casino revenue: $373,334,343.95
Trading revenue: $89,753,890.77
Sports revenue: $111,873,990.63
RLB bought: 707,524,539.11
RLB distributed to stakers: 70,752,453.91
RLB burnt forever: 636,772,085.20
49.84% of RLB's initial supply of 5 billion has been burnt, with only 50.16% of the supply remaining.
Rollbit is now one of the largest revenue generators in the entire crypto space 💸
We are proud to be the most transparent centralised casino, with no fake wager volume! 🔒
New @SouthamptonFC kits just dropped!
Not only will Rollbit be proudly displayed front-of-shirt, but we opted for a logo variant that will share the limelight with $BTC, $ETH and $SOL 🚀
@dss4621@rollbitcom Seen your comment just now, have to disagree with you here because It’s totally free. You receive cash reward which is instantly claimable and aswell receive back your RLB tokens without any fees.
Back to back top 10 in Lottery only at @rollbitcom !
Each 100 BTC blocks you have a chance to win free money just simply by staking your tokens for free! 🫡
@Ox_Ditto @locov2com @rollbitcom As with all casinos, there's no guarantee to make a profit.
In addition to being fully licensed and regulated, our house games are provably fair and our third-party gaming providers are heavily scrutinised due to their appearance within 100s of casinos worldwide.
@AlaaKas09545168@rollbitcom The coins were not burned on SOL but the equivalent amount was burned on ETH.
If you have any queries related to your RLBs on SOL chain please contact @Razer_Rollbit