Buy Rollbit Coin (RLB)
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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Frequently Asked Questions (FAQs)
What is the current price of Rollbit Coin (RLB)?
The Rollbit Coin price is $0.21245179 AUD, representing a +11.4% from the day prior.
Where is the best place to buy Rollbit Coin (RLB) in Australia?
The best place to buy Rollbit Coin (RLB) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Rollbit Coin (RLB) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Rollbit Coin (RLB)?
The trading volume of Rollbit Coin (RLB) is $3.1M AUD in the last 24hrs, representing a +11.4% from the day prior.
How can I buy Rollbit Coin (RLB)?
Rollbit Coin (RLB) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Rollbit Coin (RLB)?
The current market cap of Rollbit Coin (RLB) is $483.2M AUD.
Can I convert Rollbit Coin (RLB) to cash?
Yes - With Coinstash you can convert your Rollbit Coin (RLB) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Rollbit Coin (RLB) are there?
The current circulating supply of Rollbit Coin (RLB) is 2.3B.
Is Coinstash a safe place to buy Rollbit Coin (RLB) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Rollbit Coin (RLB) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.