Exploring Rollbit & $RLB: Why $RLB for $0.11 is a Steal

Intro and the Basics to Rollbit:

Hey, it’s Salamanca Beekeper here! 👋

Excited to be writing about one of my favorite sites and GambleFi tokens, one that I truly believe is underrated and underappreciated. Again, we don’t give financial advice, but I will proudly share out that I have been pouring more money into $RLB at these prices. Unlike Rob from the Gambl3 team, I did not have the pleasure of getting into Rollbit at $0.01 years ago…

…but let’s not get too ahead of ourselves, let’s take it back to the basics! 

What is Rollbit?

Rollbit is a one-of-a-kind website and platform that combines casino gaming, sports betting, and cryptocurrency futures trading with up to 1000x leverage. Ultimately, it’s the site to be at if you’re a degen.

Users can enjoy a wide variety of games and betting options, all while benefiting from the integration of cryptocurrency for enhanced user experience. Additionally, Rollbit provides innovative features like 1000x leverage trading, NFTs that payout free-play and a unique rewards program. We will definitely dig more into the NFTs in a future article (or a high-level overview in Jiggums’ section), but today we’ll talk more in depth about the token also known as $RLB and the deflationary mechanism behind it that makes our team so bullish!

…before we go much further I do want to flag that Rollbit restricts access in several countries due to varying global regulations (e.g, USA, Australia, Germany, France and others). 

What is $RLB?

$RLB is the native utility token of the Rollbit platform. Launched in February 2020, $RLB was introduced to provide various benefits to its holders, enhancing their experience on the platform. These benefits include increased rake-back, reduced trading fees, and eligibility to participate in the RLB Lottery, a unique feature that allows token holders to win a share of the casino's profits.

Unlike other launches, the token was not launched through an Initial Coin Offering (ICO) but was instead airdropped to existing users of the platform, ensuring a more wide and fair distribution from the outset

The supply of $RLB is capped at 5 billion coins… but here’s where it gets good

Out of the initial 5,000,000,000 $RLB tokens that existed, over half (53.62%) have been burned. Meaning that the remaining circulating supply (46.38% of the original launch) is only 2,319,109,340 tokens. You may be asking yourself who is burning them and why?

Meet Rollbot. 

What is Rollbot? An intro to the ‘Buy and Burn’ mechanism:

Rollbit's "Buy and Burn" program for $RLB is a deflationary mechanism designed to reduce the total supply of the token over time. Launched in August, 2023, this mechanism uses a portion of Rollbit's daily revenue from its Casino, Crypto Futures, and Sportsbook verticals to purchase and burn $RLB. Specifically, 10% of the revenue from the Casino, 20% from the Sportsbook, and 30% from Crypto Futures are allocated to buying $RLB, which is then burned, permanently removing it from circulation. This process helps to increase the scarcity of $RLB, potentially enhancing its value over time. 

I’m going to quote myself in quotes, so you guys actually read it:

Quick Maffs | Market Cap and Valuation vs. DraftKings:

$RLB is currently valued at $255M FDV, down from ATH FDV of $831M. Yes, $RLB stands at 30% of its previous ATH but with about half of the tokens that existed last time. Previous data aside, I think this is a gross mispricing both compared to crypto comparable and gambling stocks. Below, I’ve compared $RLB to $DKNG (DraftKings) one of the largest sportsbooks. One thing to note is that $RLB has WAY higher profit margins through the burn which directly benefits the stock holders. More shares of $RLB will never be issued, the same cannot be said about DKNG, further accentuating the point I’m making on $DKNG. For what it’s worth, I really like DraftKings as well) 🙂 

For example:

• Rollbit Annual Revenue: $372M ($31M per month run rate x 12)

• DraftKings Projected 2024 Revenue: $4.775 billion

• Rollbit Market Cap: $255M

• DKNG Market Cap: $20.33B

Meaning… Draftkings is trading at 5X revenue while Rollbit trades at 0.68X revenue. That’s a factor of 7x higher.

Now let’s compare profits/net-income for the past quarter:

• Draftkings Net-Income: A loss of $293M

• Rollbit Net-Income (burns): $13M worth of token burned

These numbers when put side-by side tell quite the story. I think Rollbit is going higher.

Market Cap and Valuation vs. other crypto-native assets:

I transparently am not as in touch with futures trading platforms as I could be, probably for the best. I did however read an awesome analysis on X outlining volumes and valuations across projects vs. Rollbit from GLC.

You can see the P/S for $RLB sits at around .73 v 7.13 for others. Nearly a 10x discount for $RLB in valuation.

Let’s hear from the Rollbit community: a write-up by @CryptoJiggums

Since I (@SalamancaBeekeper) am newer to Rollbit and $RLB, I reached out to some Rollbit community members for their thoughts on Discord. To my surprise many people replied and were willing to contribute, so copying some text sent to me by the lovely @CryptoJiggums in italics (give him a shout out on X if you enjoyed!).

Transparency via the Blockchain:

Rollbit, unlike any other casino I have seen previously, is openly sharing their revenues for the public to see. While many people don’t believe that, there are many reasons to understand that this truly is the one and only transparent dashboard from any private company, let alone a crypto casino [ → the blockchain! ]

When you see a company buying and burning a token ($RLB) straight off the blockchain, you know your eyes don’t deceive you. And when you see figures like you do below, you should understand that your average Joe or unprofitable companies cannot possibly manage to sustain the likes for a week, let alone for over 484 days!!

Tokenomics & Supply

Rollbit's buy and burn mechanism is not for the faint-hearted. They've burned over 51 million coins in November alone, making it one of the most aggressive deflationary strategies in crypto. While many tokens have yet to be unlocked, or held by the team for whatever reason, $RLB was fairly airdropped to all users across the site, including those who purchased and unveiled a Rollbot or Sportsbot.

Considering this 51mil $RLB burned last month, we can safely assume that at this current rate approximately 26% of the circulating supply is being burned each year. Yes, you read that right. Today there will be 2.33bn $RLB, and by this time next year if we maintain this pace, there will only be 1.72bn $RLB in circulation. Meanwhile, other currencies (including that of the USD) are constantly minting new tokens and inflating the circulating supply, reducing your purchasing power.

Utility & Ecosystem:

From the few facts above, it is already quite clear that $RLB is severely improperly priced, and where there are market inefficiencies is where you will find me. The token, aside from the amazing buy and burn aspect, is home to the greatest crypto casino around, rollbit.com. By simply holding the token, you can take advantage of this already great rakeback/reward system. Enjoy trading? Then you can take up to 60% off your trading fees!! Enjoy gambling or sports betting? Again, you can get an ADDITIONAL 10% rakeback on house edge, on top of the already great instant rakeback, daily, weekly, and monthly rewards. There is no platform as rewarding as Rollbit.

NFTs Have Never Been Better

In addition to the $RLB benefits you can get, this platform offers much, much more! You know how everyone would laugh at others about owning an NFT, because its just a JPEG? Well, thats definitely not the case here. By owning one of these Bots, you earn in proportion to the casino earning. Stake your bots, and earn some of that RLB buy back distribution, use it to gain extra rollback from your wagers, or use it to boost your lottery stakes to win the jackpot.

Enjoy sports? Find your favorite sports bot, and you can earn profit share which is instantly withdrawable, monthly free bets, and combo boosts for your bets.

NFT Marketplace:

Besides just buying and selling Rollbots from the site, Rollbit’s NFT marketplace allows you to list or buy any ETH NFT’s! Get instant loans on your NFTs, list them in an NFT Lootbox where you can essentially list your very own Casino game with a V1 Rollbot.

RLB Lottery:

On Rollbit, there is a free to enter lottery which rolls every 100 BTC blocks. All you need is to stake some RLB, which already gives you all the best benefits mentioned above for the casino, sports, and trading! Before this lottery rolls, just put up some of your RLB, set your multipliers, and join a team (optional). Then you can sit back, watch the lottery roll, and win some extra money!

25k Daily Race:

Looking to climb the leaderboards for daily wagering? Look no further than Rollbit’s $25k daily race! Yes, every 24 hours, you have the chance to win up to $10k for being the top wagerer.

Crypto Portfolio:

Looking to buy some of your favourite tokens? Yes, this is yet another feature of rollbit.com. You can just buy your tokens and hold directly on this easy to use interface. Skip all the on chain hassle, and buy with Rollbit.

Sponsorships:

Rollbit currently sponsors 3 major sports teams; SSC Napoli, Faze Clan, and Southampton FC. These three sponsorships show Rollbits dedication to an international outreach and upholding a great reputation. 

Crypto-Deposit User-Friendly:

Even if you’re not an avid crypto user, Rollbit.com makes it easy for all users to deposit into their accounts with a few options to buy via Visa, Mastercard, ApplePay, and GooglePay.

Jiggum’s Conclusion:

I could definitely go on endlessly, but if this doesn't get the point across to you, you probably need to read it all over again. There is no platform like rollbit.com, there is no token like $RLB, there is no NFTs like Rollbots/Sportsbots.

*Salamanca grabs back the mic * Thank you Jiggums, I am certainly more bullish than ever!

A Grab and Go Overview from GAMBL3:

Pros:

• Easy to use casino, sportsbook and leverage trading platform (diversification through 3 big product lines all doing massive revenue metrics)

• Significantly undervalued vs. DraftKings (see above section)

• Sponsors include SSC Napoli, Faze Clan, and Southampton FC bringing 3, authenticity, and validity to the product

• Recently listed by a CEX (opportunity to be added to many others)

• Over 53% of total RLB supply has already been burned forever

• Price is at 30% of previous ATH (showcasing upside isn’t unreachable)

• “Bull market” year

• If price goes down, burns expedite, and investors are happy, if price goes up, investors are happy

Risks:

• Potential regulatory risks in the gambling space

• Only on 1 CEX

• Rollbit is not available in a few major countires (e.g. USA, Germany, France)

• Much competition

Now it’s time to do your own analysis, but hopefully this was helpful! If so if you could subscribe to the newsletter and follow GAMBL3 on X it would be a huge help! Spread the word about GAMBL3 as we’ll keep educating people on GambleFi and trying to simplify the complicated.

…I’m buying at $0.11 because I think the chances of up outweigh down. I’ve been wrong before and I’ll be wrong again, but as a gambler, I love gambling on the future of gambling, and betting the house on the house 🙂 

Thanks for reading — Salamanca out!