RLB to Fiat Converter

The Rollbit token (RLB) serves as a key component of the Rollbit lottery. Unlike many tokens, RLB was not offered through an initial coin offering (ICO). Instead, it was distributed via an airdrop to existing users of Rollbit.com, the platform's casino and trading service.

To participate in the lottery, users must stake RLB tokens, which function as entry tickets. Winners receive a share of the casino’s profits, sourced from a dedicated pool. This pool accumulates 20% of the casino’s daily profits over the duration of each lottery round.

RLB was designed with immediate utility, as it plays a central role in the lottery system. The token’s total supply is fixed at 5 billion. Staking RLB incurs a 0.20% fee per round, half of which is permanently burned (removed from circulation). The remaining half is allocated to staked Rollbots, Rollbit’s NFT collection.

The burning mechanism ensures a gradual reduction in RLB’s circulating supply over time. If all RLB tokens are staked, the annual burn rate would reach 45% of the total supply. As more tokens are staked, the burn rate increases, further decreasing supply. This mechanism, combined with demand dynamics, influences RLB’s market behavior.