### What is Rollbit Coin?

Rollbit Coin (RLB) is a cryptocurrency introduced as part of the Rollbit lottery. It was distributed through an airdrop to existing users of Rollbit's casino and trading platform. RLB serves as an integral component of the Rollbit ecosystem, particularly in lottery and gaming activities.

### How does Rollbit Coin work?

Rollbit Coin operates on blockchain technology, specifically as an ERC-20 token on the Ethereum blockchain. It employs smart contracts to automate transactions such as lottery draws and rewards distribution. A deflationary mechanism is in place where tokens are burned when staked for lotteries, reducing the total supply. The token’s utility is enhanced by features such as profit sharing and increased rakeback on the Rollbit platform.

### What are the potential use cases for Rollbit Coin?

Rollbit Coin has multiple use cases within the Rollbit ecosystem, including participation in online casino games and the Rollbit lottery, where users can earn a share of the casino's profits. It is also utilised in the Rollbit NFT marketplace and can be traded on various cryptocurrency exchanges. Rollbit Coin is part of the broader GambleFi sector, extending its utility to industries such as esports through partnerships with organisations like FaZe Clan and sports clubs like SSC Napoli.

### What is the history of Rollbit Coin?

Rollbit Coin was created by Lucky and Razer with the launch of the Rollbit platform in February 2020. The RLB token was introduced without an initial coin offering (ICO), and was distributed via airdrop. Key milestones in its history include moving from Solana to the Ethereum blockchain and reaching significant revenue and token burn achievements. Rollbit has formed notable partnerships with esports and sports organisations to expand its market presence.

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