Rollbit — Revamped Tokenomics
now that they have revamped $RLB tokenomics, it is time to rewrite this artciel and run some numbers
- effects of the new changes
- potential
- comparing with some other projects
- future market cap
as many of you know rollbit has recently revamped their tokenomics and redeisng their profit sharing system in order to provide a wider range of benefits for $RLB holders
— holding $RLB gives casino rakeback
— holding $RLB reduces futures trading fees but
what wait there is more
now Rollbit also diverts 10% of its casino revenue, 20% of its sports book revenue and 30% of its futures trading revenue into buying back and burning $RLB
what does that exactly entail to? let’s run some numbers
first off casino revenue;
currently give or take its at 1mil daily revenue which is pretty consistent around the year
10% of it is $100,000 daily buy back and burn pressure
where the real magic happens is from trading revenue and sportsbook revenue
let’s check those
trading revenue;
overall crypto market has been pretty dead and non volatile lately
checking CG historical data we are currently averaging about 20% of the volume that we normally do
with next year halving and a bull market coming we can expect about 10x more volume
trading volume is most likely to increase rather than decrease
volatility is most likely to increase rather than decrease
taking these 2 into account, safe assumption would be rollbit trading volume to 10x
taking it from 450k to 4.5m, 30% of it would be 1.5mil
sportsbook?
major sports such as basketball and soccer are in off season
therefore, sportsbook revenue has gone down significantly, down from 1.7mil to 900k as of today
when they start back in September, we can expect the volume to double
what does that mean for sportsbook rev share?
that would double the revenue taking it up to 450k and 20% of it come out to be $90,000
alright that’s a lot of numbers so lets add them up and figure out how much actually buy back and burn we can expect compared to the most dead month in the year (August)
$100,000 from casino (considering staying the same)
$1,500,000 from futures trading (considering increased volatility)
$100,000 from sportsbook (knowing major sports about to start)
there will be (sooner or later) $1,700,000 daily buy back and burn pressure on $RLB
wdim?
the burn rate will accelarate the more rollbit grows and trust me it will
500m MC, 1.7m daily extra buy and burn pressure
already 35.75% of the supply burnt
let’s check what’s the burn rate daily right now and what it can be in the future
currently there is $250,000 daily buy back and burn as it is
that’s 1,5m $RLB taken out of the supply daily
547,500,000 $RLB burnt daily
17% of the current circulating supply will be burnt in a year
what if @rollbitcom achieves the growth and market conditions i predict?
17mil daily buy and burn would burn more than 100% of the current supply IF PRICE STAYS THE SAME
that’s where things get interesting, with such a high buy pressure it is virtually impossible for the price to stay the same
so then what happens?
rollbit buying is a constant, sellers are variable
when sellers are exhausted in a market, it becomes a full blown bull market
with constant buy pressure which is likely to ramp up with time, growth and more favourable market conditions
i expect RLB to in the top 10–20 on CG
if RLB was 20th coin, it would be at $1.24 here is the catch, the more buy back and burn occurs, less coins are in circulation so the price would be higher per coin while achieving the same market cap what about top 10?
being the 10th coin, $RLB would be at 3$ and most likely much higher given the diminshing supply as explained in the previous tweet is this possible? I think very likely, let me explain more in detail why
1- most of the revenue in % comes from futures, crypto has been extremely low volume and non volatile lately driving the revenue to the lowest we will see in a long time
2- bull market is coming, volatility will follow along, and what better place than rollbit for degens
3- with bull market comes free money and degeneracy which will effect both casino and sportsbook rev
4- as a positive fly wheel effect, people will need RLB to lower fees, and profits will fly to RLB like it did with BNB last cycle
5- team is massively delivering on everything
recap;
1- $RLB is still undervauled
2- @rollbitcom is a needed and a widely used product
3- team is delivering like no other
4- massive revenue and real cash pouring into RLB
5- the platform has still tons of room to grow there is no second best!
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