Research Summary
- The report discusses RLB, which was launched as part of the Rollbit Lottery. The entire RLB supply was airdropped for free, with no ICO or OTC deals involved.
- Initially started on Solana, Rollbit quickly migrated to Ethereum, leading to a significant surge in price action.
- Rollbit has recently adopted a “Buy & Burn” concept, making RLB a deflationary asset. This approach takes portions of their futures, sportsbook, and casino revenues for the buy and burn process.
- Staked Rollbots are locked for 30 days, and 10% of bought RLB will be distributed hourly to staked Rollbots.
Actionable Insights
- Investment Opportunity: The migration to Ethereum and the adoption of the “Buy & Burn” concept may present investment opportunities in RLB.
- Strategic Consideration: The deflationary nature of RLB and the distribution mechanism for staked Rollbots may require strategic considerations for potential investors and stakeholders.
