Topic: Rollbit.com | Crypto's Most Rewarding Casino 👑 - page 70. (Read 72619 times)

Well in RLB case, it was given for free to whoever purchased the previous Sportsbot NFT and back then few hundred thousands of RLB worth probably $50 or something which was the reason that most people are not bothered with either having it or not

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Price jumped to over $0.1 and was close to $0.11 before taking a dip after btc dip so yeah the poloniex list does have an impact on the price but pretty sure that its a temporary effect

Casinos want token because they can make money from it, that's the only reason. You create a token, you sell it, people pay you for it, and you get funded. That way they make their money before they need to improve the casino.

Imagine a scenario where you create a casino, you spend about 500k on it, you have a ton of people gambling at your casino, then you create a token and a few NFT series, and you make millions from it, wouldn't you do the same? Of course you would, any business out there who says no to extra money is lying, every single one of them aims at making more money, that is literally the purpose of a business. They realized they can make a token and profit from it, and they did it, that's the whole story.

Well, not expecting it this much these days for RLB on Binance but as I've said maybe in the future. Listing on the bull run will probably make a run for RLB too. Well, that was just my speculation but I wouldn't doubt RLB out there, the token has really a good use case on their own platform.

Every token / coins will be listed if it has decent volumes but as of now I prefer that Binance wouldnt even bat an eye on RLB. Poloniex listed RLB was kinda unexpected but yeah you cant really do anything if a cex decided to list your token. This also means alot of the current transaction volume will move out of Rollbit as well as RLB which also means less RLB will be used on the lottery

This is just my speculation but I think Binance will list RLB in the future, it has good tokenomics, has good feature for a gambling token plus it's NFT collection and has an active community. I think getting into the 1B market cap will just be easy for RLB and I wouldn't doubt that especially when bull market starts to lift off once again. Half a dollar price is likely be achievable this year alone.

For all those who are talking about listing for token then there's a news about it as $RLB has been listed on Poloniex exchange and they have shared about it on the Twitter few hours ago so you can read about it in detail here : https://twitter.com/rollbitcom/status/1687419810877980677?t=SXgNOnX0VRC-CzpfWqIbRQ&s=19

I am also seeing how it impacts the prices for the token and read more about it in detail.

More like it doesn't mean it auto pumps upon listing like if it was listed in Binance or Coinbase.  But it does mean if it's listed in more exchanges then it's easier for everybody to access.  That could def come in handy during bull markets.

People tend to go for easy access than going through the hoops just to trade microcap onchain tokens, which RLB once was before getting listed in exchanges.  

Overall, more listings is better.

well, an exchange listing will definitely cause the price to jump higher, most the especially if the exchange listing it is a big one, but then, this is all for the short term.
to keep the price of the token high and stable, the team need not just the support of a massive community, they also need to find and discover new and interesting use-cases for the token,  keeping the token solely as a means of rewarding player on the casino will not get the token anywhere, they need to find, discover and build other businesses that could use this token as an only means of transactions, this can help get the price of the token high and also keep it relatively stable, depending on how unique and interesting users find and use the business.

More exchange listing doesn't mean that the price of their token would provably pump since more exchange could mess everything especially if the volume became low and interest of people to trade on that exchange became less. Much better for now if they focus on current resources they have and try to list on atleast one big exchange in future once they get more demands and strong community support. For now its good to see that RLB performs very good and people think bullish about this token.

A casino creates a crypto token because they want to have a bigger community and with a well-developed crypto token, automatically the name of the gambling site that owns the crypto token will also be famous or increasingly popular.
If Rollbit immediately puts RLB on more exchanges then they will definitely have an increase not only in the form of investment and trading but also in the gambling industry because surely more people will enter the site to be able to trade RLB and Rollbit itself already has an exchange service inside it.

Not entirely true because casino tokens are usually created as a way to fund casinos or a way for casinos to provide incentives to their users and can also add to the casino's profits when their coins get pumped, so casinos can develop well but their tokens don't experience good growth.
As well as expecting a profit of only 3x the value of our investment by having to wait for 4 years it will not be pleasant for investors because Bitcoin can provide far more in a period of 4 years and is less risky than investing in tokens which are likely to fall very deeply in a period of time the. So as investors, we have to be careful and see if the token is overpriced because many speculators make the price too high to influence people that this token is worth owning because the price keeps rising. It is very profitable if you can enter into an investment early because the price is very cheap but when investing after being pumped the risk is greater so always realize that investing in crypto will not only provide benefits but you have the same chance of losing.

joining the conversation and leaving aside the part where @AHOYBRAUSE talks about scam, the main point is that even if the casino is honest, and everything is going well, in my opinion these tokens people should use for the benefits that the casino has given to those who own these tokens, this should be their maximum purpose, now people who look at it as a long-term investment are making serious mistakes, because these tokens will not be listed on major exchanges, it is not for This is the purpose for which they were conceived, so even the casino will not spend a lot of money listing on large exchanges.

another point is that the performance of the casino would greatly affect the price, so a person takes a lot of money and buys the token hoping that in 4 years the token will give a profit of 3x, that person needs to ask himself first if the casino will be running for another 4 years, this simple question, your answer leads to the conclusion that this would be a super high risk investment, I used the word super because all altcoins and tokens are risk investments, but there are projects that are much higher risk, how is it the case of casino tokens

see that I am not talking bad about the project, I think that for what it was conceived it is very good, that people would have the token to get benefits in the casino and not to expect big profits and not wait for the token to be listed on major exchanges. and we just see that casino tokens don't make an effort to evolve in the sense of having more resources, because that's not their purpose

Not something new because we do know that competition is really that high on which there might be some trolls who are trying out to make out some accusations and really tending to mess up a site reputation specially into those who are really that rising up on the ladder on which it would be normal that these issues would be raised out on which it is something that not shocking anymore on this space or market.
This is why on the time that they would be making or throwing out those accusations and cant provide without solid evidence then for sure the public would just simply ignore it out or wont really
be believing with those claims.

Some could provide but the team do make out some response as well about violating site terms and conditions. For new platforms then we might having the impression that they are shady if thats the case
but if we do speak about these long time and popular platforms making out those kind of response then its for sure that it is legit or something that could really be true because having
some not right decisions might lead into possibly ruining up their reputation if once caught. The community wont really be that dumb on not to notice if there's something odd happening.

Yeah I know it will help boost the price but that also means Rollbit will be losing the vast majority of the transaction volume. Pretty sure their current game plan would be to exclusively allow it to be traded on house and to be used there instead of giving access to for people to move it out then sell it on some cex after it was listed

All businesses will have people who hate their businesses and pull the scam accusation cards with intention to destroy the platform reputation.

We are not insiders and can not have enough information to conclude that users are scammers or the platform is scam. Like if your account is frozen because on exchange detects it has tainted coins from like money laundering. Assume you did use money laundering services like mixers, you can not as the exchange why they detected your tainted coins.

It is their business and they won't disclose all secret algorithms, mechanisms they use for operation, security, scam detection.

I won't favor Rollbit exchange but the token has nothing to do with an exchange's accusations because a token a simply a form of crypto-currency made to work on the ecosystem of an exchange, and if the users of the exchange like it then they will most probably try to invest in such coins. I still don't think that such coins could provide any good value to traders or investors because they are mainly featured for the ones who want to enjoy some extra perks on the exchanges.

Even some of the big exchanges still have a certain amount of trading volume a coin or token must attain before they can list it, so even if the team have plans of listing on centralized exchanges, with the current level of volume seen on coinmarketcap for RLB token, the team will either have to start the listing from smaller exchanges that do not have a certain amount in trading volume as a criteria, this can help boost trading of the token which in turn also boost the trading volume.

But if the team will want to go in to the big exchanges directly, they will either have to hire a market maker to help boost the trading volume or better still, buy their way into the big exchanges, all that is required is money, after all, it is said that money answereth all things.

So once it is listed on a big exchange, whether the token does well or not all depends on the development and usecase of the token.

So you are talking about scam accusations thread against them? There are many for most of casinos but they are doing business with legit cause and token have on casino utility and extra benefits to players but investors see profits motive also so they invest in it but don't understand on which grounds you are justifying yourself? So what if other token you talking about rug people so will it have any value? Rollbit is also established in market among community which is why we are seeing pumps but at last we have our own opinions.

If a team are scammers, they can scam and exit even they list their token at centralized exchanges. Investors should not invest in a token only because that token is listed on centralized exchanges.

They must look at developer team CVs, their past products in blockchain, cryptocurrency and reputation of the team. Usability of the token is very fundamental for investor speculation on that token future growth. Without usability, a token will not survive and will not be able to increase its adoption and communities will not be expanded.

I agree with you that being listed on centralized exchanges will be a plus for a token. Rollbit team actually built up their token on a blockchain that is an improvement as some casinos just build their native currencies on their platforms like Bitsler with BTSLR that can not traded anywhere.

For an investment, according to the love using rollbit is a doubtful thing and it is not recommended, I think if compared to the investment context it is better to choose what is clear from this context.
Yes it can be said to be a big risk in terms of investment, I also disagree if you do it to suggest you, but yes it returns to your own rights in assessing what if the site disappears later, it is the biggest risk, but what needs to be unfortunate is a rollbit Having a pretty good trail, but some may have mistakes or things that need management to do so that there are some people who give a red mark to him, I think it's natural, it is impossible for a white paper that has an age that has no stains.