RLB over the last year is hard to ignore.
Exactly 1 year ago: $0.092.
Price today: $0.092.
During this time, it dipped to $0.033, while the hourly buy-back and burn kept ticking along, burning ~503M RLB and cutting circulating supply from 2.288B to 1.785B.
Off site 100k+ RLB holders (excluding team/LP wallets and dust) went from 990 → 592 (-40%). 10m+ wallets fell from 13 to 4.
ATH was $0.263 in late 2023, around a $817.7m market cap. With today’s lower supply, that same $0.263 price would be roughly a $469.5m market cap, compared to about $164.5m today.
Hundreds of millions of tokens gone with far fewer big holders. Excited to see where we are in a year’s time.
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!
There it is. $100 million worth of $RLB has now been bought and burnt, reaching this milestone on the 13,250th buyback.
Rollbit’s buyback and burn program continues at full speed with an average of over 25% of the circulating supply destroyed each year.
https://t.co/nz4qr1yEKw
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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! 🔒
@dyoxfn Hey Dyox, if you haven't already could you reach out to our support team regarding this bet?
There's an ongoing issue on some Evolution games causing bets to automatically place.
We have an ongoing report looking into it and we'd love to take a look at this one.
It's thrilling to watch our FoS Partnership with Southampton come to life!
The Saint's return to the Premier League will bring not only Rollbit, but Crypto as a whole, to centre stage.
I look forward to cheering them on with all of you this season!
From writing these bull posts each and every day it has become apparent that people are a) misinformed about @Rollbitcom or b) subject to a misinformation campaign. This has direct implications not only on the company itself but on the price of $RLB as many are scared away. Today, let’s go through these one by one and show that there isn’t any evidence for any of these claims, but rather direct data that contradicts them.
1. it’s a scam!
Well, this is super vague though let’s go through some facts that counteract this assertion. Rollbit has been in business for 5 years and not only hasn’t rugged in that time but in fact grown substantially year over year. And instead of running from further scrutiny and regulation they are seemingly embracing it by obtaining a UK gaming license. It’d be pretty stupid for a scammer to look to kyc with a g7 nations regulator and open themselves up to greater scrutiny.
2. Revenues aren’t real
From every indication they in fact are. Let’s take what can be independently verified. In chart 1 below I’ve attached deposit information from a third party - @Tanzanite_tc. It shows that on eth alone, in the last year Rollbit has received 1.5 billion in deposits. This does not show the deposits on other chains such as sol, btc, ltc, etc so this number will be in fact will be much higher. Rollbits projected revenue stands well over 500 million in the time period. At least in the retail broker space, it’s assumed a net take of in the region of 30 to 40 percent of deposits as revenue and is assume that should be be the case for Rolbit. This aligns well with the numbers we can verify. In fact, the revenues are maybe slightly lower than we expect and thus could in fact be boosted by perhaps some fine tuning by the team.
3. Buy back and burn isn’t real
Well, they are on chain. You can find each transaction here: https://t.co/g3crLBJ1gz . And the old chestnut of “they are printing the tokens and then selling them on chain “ doesn’t hold up as pretty much all of the liquidity is held by rollbit themselves. So you’re telling me they are printing tokens to sell to themselves? There would be better ways to scam. This ain’t it.
4. founders are anonymous
This has some merit. People naturally have a concern regarding anon founders. But I would state that while Lucky and Razer are anon to you and me, they are not in fact anon to those that matter. Partners and regulators do KYC and are well aware of the founders identities. If they were found to be acting poorly it would be possible through legal means to determine who they are. Basically the founders want privacy which is natural though if something nefarious were to occur there would be repercussions for them. And frankly, they have shown no such inclination that I have found.
One example that I want to highlight that shows the integrity of the team was the initial sale of sports rollbots. There was a problem with the dutch auction causing many to overpay for there bots. Instead of simply saying ehh, you pay what you pay, the team in fact refunded 3.4 million usd to make users whole and ensure a happy community. Not many in crypto would have done so.
I’ll end with this. Scams pump the hardest is a saying that gets thrown about a lot. If Rollbit was a scam the team would be looking to pump the price. They are not, even as going as far as to say “we aren’t trying to pump your bags”. Their belief, and this is the right one, is simply that they will do what’s best for Rollbit. If the business is successful then price will be as well as buy and and burn will eventually consume all sellers.
So to surmise, I’ve attached below Rollbits revenues for just under a year worth of data. (See chart 2) The revenue is multiple times what the market cap is. Ive also attached some data on the largest crypto projects. (I’m going to do a full comparison tomorrow to show how undervalued $RLB is) You can see that Rollbits revenues are much higher than most, yet the market cap is far far lower. I fully believe this is partly due to fears brought about by misinformation. It doesn’t matter in the long run anyways but please don’t miss the ride. This mis-pricing will correct.