The RLB lottery will drive the demand for the token, acting as entry tickets
that give holders the chance to win a share of the casino’s profits. RLB
tokens must be staked to enter the lottery.
The prizes will come from our profit sharing pool, where 20% of all the
casino’s profits on a daily basis will accumulate over the course of each
round.
By having a proven product and with Rollbit already running at a profit
before launching the token, RLB provided utility from day one by being
an integral part of the lottery, with prizes coming from a share of Rollbit's
profits.
The supply of RLB is capped at 5 billion coins. To access the lottery, RLB
must be staked in each round where half of the 0.20% staking fee will be
burned (i.e., permanently removed from the supply).
Since each round will see RLB permanently removed from the supply, the
number of tokens in circulation will gradually fall over time, helping to
support value growth. The other half of the staking fees will accrue to
staked Rollbots, Rollbit's NFT project.
When all RLB tokens are staked, there’ll be a burn rate of 45% of the total
supply per year. As more RLB is staked, this leads to a greater reduction in
supply as a higher number of tokens are burned to enter the lottery. And as
demand increases over time, this puts upward pressure on the price of RLB.
How to Buy RLB on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing RLB. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing RLB.
Step 5: Purchase RLB
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of RLB you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy RLB.
Step 6: Store Your RLB
After purchasing, you can choose to store your RLB in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and RLB assets, be sure to use a strong password and enable two-factor authentication.
RLB Price:Rollbit Coin (RLB) is a cryptocurrency that serves as a utility token within the Rollbit platform, a well-known cryptocurrency casino and trading platform. Launched in February 2020, RLB aims to provide various benefits to its holders to enhance their experience on the platform.The price fluctuates daily, you can go to the exchange: Bybitto check the price.
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