RLB Whitepaper
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Learn about all the major RLB events since launch
This is a chronological timeline of RLB events. Rollbit has done much more than this since launch, but this timeline focuses solely on events related to RLB ⚡

First RLB airdrop ✅

The initial RLB airdrop featured many bonus mechanisms for existing and new Rollbit users.
These reward mechanisms included:
  • Retroactive airdrop of 1,000 RLB for every user that deposited crypto to Rollbit.
  • Retroactive airdrop of 100 RLB for every user that deposited a NFT to Rollbit.
  • 100 RLB for every new crypto deposit to Rollbit.
  • 100 RLB for every new NFT deposit to Rollbit.
  • 1 RLB bonus for every $1 wagered on X-Crash (with Rollbot linked).
  • 0.1 RLB bonus for every $1 wagered on X-Crash (with no Rollbot linked).
The above bonuses are no longer active.
Date: November 10th, 2021 ⏰

RLB Lottery launch & second airdrop ✅

The RLB Lottery is launched, allowing RLB holders to stake RLB for a chance to win a share of Rollbit's casino profits.
The second RLB airdrop consisted of rewarding Rollbit's casino users with RLB for claiming rewards such as Rollback, Rakeback and Cashback (no longer active). This update also put an end to the RLB bonuses associated with wagering on X-Crash.
The reward mechanisms in this update included:
  • $1 claimed in Rakeback earned 1 RLB
  • $1 claimed in Cashback earned 2 RLB
  • $1 claimed in Rollback earned 3 RLB
  • $1 claimed in Level Up earned 5 RLB
Date: November 25th, 2021 ⏰

RLB deposits & withdrawals enabled ✅

Users are able to deposit and withdraw RLB to/from external SOL addresses.
Shortly after, the first decentralised exchanges listed RLB but volume was very low due to small interest surrounding RLB.
Date: November 27th, 2021 ⏰

The first RLB Lottery round completed ✅

The first RLB Lottery round concluded with $23,730 in prizes paid out to lucky winners.
The $395,000 Jackpot was not hit, so rolled over to the next round.
The combined prize pool for the first RLB Lottery was over $400,000!
Date: November 27th, 2021 ⏰

Third RLB airdrop ✅

The largest RLB airdrop yet, staked Rollbot holders are rewarded RLB depending on the eye trait of their Rollbot. This airdrop started on December 1st and ended December 31st.
December 2021 RLB Advent Calendar
A total of 3,856,750,000 RLB was distributed to Rollbot holders over the course of December 2021.
Date: December 1st, 2021 ⏰

RLB Lottery Jackpot exceeds $500,000 ✅

The RLB Lottery Jackpot exceeded $500,000 for the first time.
The Jackpot being so high after the RLB Lottery only just launched was a testament for our early revenue numbers and how much we wanted to reward our holders.
Date: December 1st, 2021 ⏰

RLB Lottery prize distribution update ✅

A couple changes to the structure of the RLB Lottery was released, making the prize distributions more proportionate.
  • Accumulated casino profits were now split 70% into the periodic prize pool and 30% into the Jackpot prize pool
  • All periodic prize pool winners received incremental prizes. Each round, the 100 lucky winners would receive a differing prize depending on their position.
Date: December 7th, 2021 ⏰

NFT VIP Pass ✅

Rollbit launched the NFT VIP Pass initiative to raise awareness for the platform by airdropping passes to notable ETH addresses within the crypto space.
Eligible NFT passes included RLB bonuses up to 750,000 RLB!
The passes were sunset March 15th, 2023. Here's the final statistics:
  • Claimed passes: 333/1,066
  • RLB credited: 64,150,000
  • Bonus Balance credited: $641,500
Date: December 24th, 2021 ⏰

Staked Rollbots RLB Lottery distributions begin ✅

When the RLB was the deflationary catalyst for RLB, 0.2% of staked RLB was taken as a fee. With half being burned and the other half being distributed to staked Rollbot holders. From this day, staked Rollbot holders were able to start claiming the RLB!
Date: December 24th, 2021 ⏰

Surprise Christmas Airdrop ✅

Santa visited the Rollbot HQ and forced Lucky & Razer to airdrop all Rollbit users who made a deposit in the previous 3 months.
More than $700,000 and 70,000,000 RLB was airdropped to users! 🎅
Date: December 25th, 2021 ⏰

RLB Lottery Multipliers Introduced ✅

An additional Twist was added to the RLB Lottery that allowed participants to multiply their RLB wagers based on their Rollbit account meeting specific criteria.
The multiplier categories included:
  • Rank: The higher the users' rank on Rollbit, the higher they could multiply their RLB wager.
  • Wager: The user can multiply their RLB wager based on how much they've wagered since last using the wager multiplier.
  • Rollbot: Depending on the ear trait of the Rollbot linked to the profile, the user can multiply their RLB wager.
This update significantly increased the amount of RLB staked each round, and thus increased the RLB being burned each round!
Date: December 29th, 2021 ⏰

RLB Lottery Teams Introduced ✅

The ability to syndicate RLB Lottery entries was added, allowing Rollbit users to pool their wagered RLB together to have a greater chance of winning the RLB Lottery!
RLB Lottery teams can be created by Diamond 1 ranked players or higher and Rollbit users with a Special Rollbot linked to their profile.
Team winnings are split proportionally amongst the team, depending on how much RLB was staked by each member. A single team can win unlimited prizes, from the periodic and Jackpot prize pools.
Team leaders receive 100% of their proportional winnings as a cash balance & 5% of the entire team's winnings as a Bonus Balance
Team participants receive 110% of their proportional winnings as a Bonus Balance.
Date: January 5th, 2022 ⏰

RLB Lottery Jackpot exceeds $1,000,000 ✅

The RLB Lottery Jackpot surpassed a whopping $1,000,000 for the first time.
The Jackpot could be triggered within any lottery round, but the chances of the entire Jackpot prize pool being won is very small.
Date: January 5th, 2022 ⏰

First RLB Burn Event ✅

The first RLB burn on Solana occurred on January 26th, 2022.
210,387,311.83 RLB was sent to the incinerator 🔥
All RLB burns, past and present are documented here.
Date: January 26th, 2022 ⏰

RLB Airdrop to Solana Addresses ✅

Similarly to the NFT VIP Passes, Rollbit decided to airdrop millions of RLB to active Solana addresses in an attempt to raise awareness of the Rollbit platform.
The initial airdrops were as small as 77.7 RLB, worth pennies at the time.
Date: February 2nd, 2022 ⏰

Added RLB 'Booby Prize' for NFT Lootboxes ✅

To make Rollbit's NFT Lootbox offering more fun and rewarding, spins that resulted in no NFT or cash prize were rewarded with RLB.
UI screenshot showing a RLB NFT Lootbox prize
This addition was a nice way to increase circulation and exposure for RLB, adding thousands of new holders.
Date: February 21st, 2022 ⏰

Airdrop via Ukranium Sportsbot ✅

During March 2022, Rollbit auctioned a Special Sports Rollbot known as 'Ukranium' to raise funds for the Ukraine war effort. Part of this auction included a 10,000,000 bag of RLB for the winner.
The auction was a success, with a final selling price of 96 WETH.
The donation was rounded to 100 ETH and sent to the Ukraine donation address.
Date: March 16th, 2022 ⏰

RLB Tracked on CoinMarketCap ✅

RLB is added to CoinMarketCap as a tracked listing. This differed greatly from the previous listing format as untracked listings didn't have any price shown, including related metrics such as market cap.
This was a great milestone to improve the visibility and discoverability of RLB 👀
Date: March 24th, 2022 ⏰

Sports Rollbots Reveal ✅

Rollbit's second NFT collection, Sports Rollbots were initially minted as unrevealed.
During March 2022, functionality was added to allow Sports Rollbots holders to reveal their NFTs in a fun way on-site. For every Sports Rollbot revealed, RLB was credited to the holders Rollbit account.
The amount of RLB credited depended on the Sports Rollbots background trait:
A first of it's kind, Rollbit later followed up with the ability for Sports Rollbot holders to re-roll their NFT. This gave holders the ability to gamble on the traits of their NFT!
Date: March 31st, 2022 ⏰

RLB Lottery $150,000 Winner ✅

A single player won a whopping $154,243.29 from the RLB Lottery.
At the time, this was the single largest win from the RLB Lottery.
A win so big it had to be a milestone for RLB 🤑
Date: April 11th, 2022 ⏰

Second RLB Burn Event ✅

The second RLB burn on Solana occurred on May 17th, 2022.
434,979,239.67 RLB was sent to the incinerator 🔥
All RLB burns, past and present are documented here.
Date: May 17th, 2022 ⏰

Third RLB Burn Event ✅

The third RLB burn on Solana occurred on January 17th, 2023.
1,056,646,719.32 RLB was sent to the incinerator 🔥
All RLB burns, past and present are documented here.
Date: January 17th, 2023 ⏰

RLB Trading on Rollbit ✅

Rollbit added the ability to buy and sell RLB directly on Rollbit.
UI screenshot of the RLB trading interface
This release made it extremely easy for existing and future RLB holders to purchase RLB, without the need to understand complex third-party exchanges.
Date: May 17th, 2023 ⏰

RLB Liquidity Pools ✅

To support RLB trading on Rollbit, the ability to create RLB liquidity pools was added.
UI screenshot showing active RLB liquidity pools
RLB holders can now add RLB and a equal share of USD to a pool and earn passive income by way of trading fees for helping to facilitate RLB trades that happen directly on Rollbit.
Date: May 19th, 2023 ⏰

Fourth RLB Burn Event ✅

The fourth RLB burn on Solana occurred on June 25th, 2023.
72,367,733.56 RLB was sent to the incinerator 🔥
All RLB burns, past and present are documented here.
Date: June 25th, 2023 ⏰

ETH Migration ✅

RLB's growth was limited on Solana so the Rollbit team migrated RLB to the Ethereum blockchain.
Graphical illustration of the ETH migration for RLB
Learn more in the dedicated blog post about the migration here
Date: June 28th, 2023 ⏰

Reduced Trading Fees with RLB ✅

July 2023 marked an exciting development for RLB and Rollbit's 1,000x Crypto Futures.
RLB can now be leveraged to give traders up to a 60% discount on trading fees.
This update made Rollbit the most competitive futures trading platform when considering Basis Points (BPS).
Date: July 8th, 2023 ⏰

Increased Rakeback with RLB ✅

Casino players on Rollbit can now enjoy increased rakeback by simply holding RLB.
In an effort to include Rollbit's lucrative Casino vertical within RLB, players can now enjoy up to 10% additional rakeback based on the value of their RLB holdings.
RLB Holdings (USD)
Rakeback Increase
Date: July 21st, 2023 ⏰

Poloniex Listing ✅

Major centralised exchange, Poloniex has listed RLB.
Image source: Poloniex Twitter
RLB can now be bought, sold and traded on the Poloniex Exchange.
Date: August 4th, 2023 ⏰

Buy & Burn ✅

The deflationary catalyst for RLB was changed to a Buy & Burn model, replacing the existing RLB Lottery. The RLB Lottery still exists today, but receives a much smaller share of Casino revenue and is free to enter (no RLB fee).
UI screenshot of the new RLB dashboard, featuring Buy & Burn metrics
Date: August 8th, 2023 ⏰

RLB Lottery Free-to-Play ✅

The RLB Lottery was fundamental to the early growth of RLB and acted as a good deflationary catalyst. However, RLB outgrew the RLB Lottery and burns slowed down significantly.
Following the release of Buy & Burn, the RLB Lottery became free-to-play (no RLB fee), with a smaller portion of Casino revenue being attributed to the prize pools.
Date: August 8th, 2023 ⏰

Automated RLB Burns ✅

To support the Buy & Burn update, automated RLB burns went live.
RLB burns now happen directly from Rollbit's Ethereum ERC-20 token hot wallet.
Burns occur hourly and can be viewed on-chain here.
All RLB burns, past and present are documented here.
Date: August 10th, 2023 ⏰