Research Summary
The report provides an in-depth analysis of Rollbit, an online crypto casino. It covers various aspects including the platform’s use case, adoption, revenue, tokenomics, governance, team and investors, competitors, risks and audits. The report highlights Rollbit’s strategic positioning in the thriving sectors of cryptocurrency and online gambling, and its potential to capture a significant share of the projected $131 billion online gambling revenue over the next five years.
Key Takeaways
Rollbit’s Market Positioning and Revenue
- Strategic Positioning: Rollbit has strategically positioned itself in the intersection of two thriving sectors: cryptocurrency and online gambling. The platform offers a variety of products including casino, sports betting, NFTs, crypto futures, and a crypto portfolio.
- Impressive Revenue: Rollbit has achieved impressive numbers with over 1 million registered users and approximately $40 million wagered per day. In the past 24 hours, the platform has generated $1.34 million in revenue.
Tokenomics and Governance
- Token Distribution: Rollbit’s token, $RLB, was initially distributed 100% through airdrops to reward early users and stakers. There was no ICO or any OTC sale of RLB. The token was originally launched on the Solana blockchain but has recently been migrated to Ethereum due to congestion issues.
- Deflationary Mechanism: Rollbit utilizes a portion of its daily revenue from its Casino, Crypto Futures, and Sportsbook verticals to purchase and burn $RLB tokens, making it deflationary. The current circulating supply is 3.1 billion, with 1.9 billion burnt and a maximum supply of 5 billion.
Centralization Concerns and Risks
- Centralization Risk: Over 76% of the token supply is accounted for in a cluster, suggesting that the majority of users choose to hold their RLB on the platform rather than in their own wallets. This poses a significant risk of centralization and potential ‘bank runs’.
- Risk Management: The main risks identified in the report include centralization, a large percentage of user deposits on Rollbit, lack of audit documentation, and regulatory compliance.
Team, Partnerships, and Competitors
- Team and Partnerships: Rollbit was launched in February 2020 and has recently partnered with Serie A winners @sscnapoli to become their official European betting partner, bringing significant mainstream attention and increased brand visibility.
- Competitors: Rollbit’s toughest competition currently comes from @SX_Bet, @WINRProtocol, and @SankoGameCorp.
Actionable Insights
- Investigate the Potential: Despite concerns about centralization and risk management, Rollbit’s strong positioning in the fast-growing sectors of gambling and crypto, along with its impressive revenue figures, make it a platform worth investigating.
- Consider the Risks: Potential investors should consider the risks associated with centralization, regulatory compliance, and the lack of audit documentation before making a decision.
- Monitor the Competition: Keeping an eye on Rollbit’s competitors could provide valuable insights into the evolving landscape of the crypto casino/gambling sector.
