Rollbit’s Revenue Surpasses $2 Million in 24 Hours, Driving Demand for RLB Tokens
Rollbit, a crypto casino and exchange, has announced that it will purchase and burn its RLB tokens daily, based on platform revenue. This move has caused RLB token prices to surge by over 63%. Here are the key points to understand:
– Rollbit offers users the ability to trade tokens with leverage, as well as sports betting, arcade games, and a tokenized jackpot.
– In the past 24 hours alone, over $2.5 billion worth of crypto futures were traded on Rollbit.
– Co-founder “Lucky” revealed in a tweet that 30% of fees from crypto futures, 20% from sports betting, and 10% from casino games would be used to buy RLB tokens on the open market and burn them.
– Rollbit’s revenue from various services has crossed over $2 million in the past 24 hours.
– The ongoing purchasing and burning of RLB tokens could create consistent buying pressure as long as platform usage continues to grow.
Rollbit has experienced rapid growth in the crypto market, thanks to its diverse and well-received product offerings. Despite market conditions, their hybrid offerings have allowed them to generate consistent revenue. As of now, RLB tokens are being traded at 16 cents.
Hot Take
Rollbit’s innovative approach of purchasing and burning RLB tokens based on platform revenue has proven successful, driving significant revenue and demand for their tokens. With a growing user base and diverse product offerings, Rollbit has positioned itself as a strong player in the crypto casino and exchange space. The consistent buying pressure resulting from their token burning strategy bodes well for the future of RLB tokens.
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