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Rollbit Recorded $38M in September Betting Revenues, RLB Token Climbs

Crypto casino and trading platform Rollbit clocked $38 million in revenues last month, and burned more than 1.2% of the circulating supply of its RLB tokens Monday, in line with long-term plans for a “buy and burn” program. Token prices jumped as much as 8% before retreating to extend weekly gains to nearly 40%, data shows. When burned, tokens are permanently removed from supply by being sent to an address that is not controlled by anyone. Rollbit allows users to trade tokens using 1000x leverage and offers sports betting and arcade games, as well as a tokenized jackpot. Crypto games and similar offerings have drawn users to the product, even in a bear market.

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