Rollbit (RLB)

Trading

Rollbit lets users trade cryptocurrencies with up to 1000x leverage on over 20 different coins. This means you can open bigger positions than your actual balance, potentially increasing profits. Rollbit also offers two fee structures and allows using the Rollbit token (RLB) to reduce trading fees by up to 60%.

Casino & Gambling

Rollbit operates a crypto casino where users can play games and wager cryptocurrencies. It features unique games like Bonus Battles, where many players compete for a prize pool. The platform integrates NFTs and offers rewards like rakeback and cashback.

NFTs & Marketplace

Rollbit has an NFT marketplace supporting over 120 collections, including popular ones like Bored Ape Yacht Club and CryptoPunks. Users can buy, sell, and stake NFTs without paying Ethereum gas fees. Staking Rollbots (Rollbit’s NFTs) lets users earn a share of platform profits.

Token Utility (RLB)

The Rollbit token (RLB) is used to pay trading fees, enter lotteries, and participate in staking. Holding and using RLB can unlock discounts and rewards across the platform. RLB is deflationary, meaning some tokens are burned as they are used, which can support value growth.

Loans & Collateral

Rollbit offers loans backed by NFTs, allowing users to borrow cash against their NFT holdings. This service supports popular, blue-chip NFT collections and provides liquidity without selling the NFTs.

In summary, Rollbit combines crypto trading, casino gaming, NFT trading, and token utilities into one platform, making it a versatile hub for crypto users.

Pros of Rollbit

• Offers a wide variety of games including slots, roulette, dice, and crypto futures trading with up to 1000x leverage.
• User-friendly interface with easy registration via email, Steam, Twitch, or MetaMask.
• Fast deposits and withdrawals processed almost instantly after blockchain confirmation.
• Features its own ERC-20 utility token (RLB) used for staking, NFT drops, and site transactions.
• Generous rewards program including rakeback rewards up to 70% of the house edge returned to players.
• Supports NFTs for deposits, withdrawals, and trading.
• Licensed in Curacao and UK/Gibraltar, with provably fair gaming technology.
• Active community features like live chat and esports contests.
• No immediate identity verification required for basic use.

Cons of Rollbit

• Limited availability in some countries due to regional restrictions.
• Fewer fiat deposit and withdrawal options; mainly crypto-based.
• Some users report issues with customer support responsiveness.
• The platform can be complex for complete beginners due to many features.
• Centralization concerns noted in the token contract.
• Occasional extra steps required for fiat-to-crypto transactions via third-party services.
• Game selection, while diverse, may be smaller compared to some larger crypto casinos.

Rollbit combines crypto gambling, NFT trading, and futures in one platform, making it ideal for crypto enthusiasts who want a feature-rich experience.

Founders of Rollbit

Rollbit was founded by two main people: Razer and Lucky. They share a passion for online gambling and started Rollbit as a crypto casino platform in February 2020. Both are actively involved in the project and have helped build Rollbit into a popular crypto gambling and trading platform.

Investors in Rollbit

Rollbit is primarily backed by its founders and early team members rather than traditional venture capital investors. The platform was founded in 2020 by entrepreneurs passionate about online gambling and crypto. There was no initial coin offering (ICO) for the Rollbit token (RLB); instead, tokens were airdropped to existing users of the platform.

Key Points About Rollbit's Investment Structure

• Rollbit has not raised external funding rounds or venture capital investments publicly.
• The Rollbit token (RLB) was launched as part of the platform’s ecosystem with no public sale.
• The company operates under Bull Gaming N.V., based in Curacao.
• Founders include Razer and Lucky, who co-founded the platform with a focus on crypto gambling.
• Rollbit’s growth is driven by its user base and revenue from its casino and trading services rather than outside investors.

This means Rollbit’s investors are mainly the founding team and the community of users who hold and stake RLB tokens.

Halal Status of Rollbit

• Answer: No
• Reason: Rollbit is primarily a crypto gambling platform, which involves betting and games of chance. Such activities are generally considered non-halal in Islamic finance because they involve gambling, which is prohibited.