💸Profit Sharing
Another aspect of a Rollbot’s utility is that you earn a return simply by staking them.
Rollbot holders can stake their Rollbots within the NFT Marketplace where 50% of the profits are distributed to stakers. Profit distributions happen automatically after every RLB Lottery round.
The profit share will depend on the rarity of the hat your Rollbot wears. For example, there are only 53 Rollbots with crowns, and these holders receive the largest number of shares in the NFT Marketplace. The next rarest hat is the Golden Wreath (on just 103 Rollbots) and each owner of these will receive the next higher number of shares in the NFT marketplace.
In total, there are 3,625,000 shares amongst all 10,000 Rollbots and 50% of the marketplace’s profits are distributed to holders that stake their Rollbots. Note that once you stake the Rollbot, it cannot be used for any other purpose until it's unstaked.
The graphic above shows the different hats while the table shows the rarity of each, as well as the number of shares allocated to each Rollbot. Note that the number of Special Rollbots are included in the ‘Count’ column, but all 25 Special Rollbots will receive 1,000 shares no matter what hat they wear.
The table below shows an example where 100 Rollbots with varying shares are staked and the NFT marketplace has made a profit of $1 million. The first column shows the hat name, then the ‘count’ column shows how many Rollbots have that trait, while the fourth column shows the number of Rollbots staked. The earnings are then estimated for each Rollbot in the situation where the NFT marketplace generates $1 million in profits.
Rollbots with rarer hats are more likely to be staked than those with more common hats due to the difference in profit-sharing, and this is reflected in the example. In this scenario, someone who staked a Rollbot with a crown would earn $7,686.40 while the Rollbots with the Fruits hat trait (which has the lowest number of shares) could earn $384.32.
If only 1% of the total supply is staked, Rollbots with the rarest hats could potentially earn thousands of dollars when the marketplace turns a profit of $1 million (a tiny slice of the NFT market). Staking Rollbots works similar to Proof-of-Stake cryptocurrencies, where if more of the supply is staked, the returns diminish. As shown in the table below, the returns diminish as an extra 100 Rollbots are staked.
Earnings on Staked Rollbot = (Rollbot’s number of shares/Total number of shares from Staked Rollbots)x0.5(NFT Marketplace Profits)
As the marketplace becomes more popular, Rollbot holders will earn more! The initial launch was a basic release, but already competitive with leading NFT Marketplaces when it comes to fees. We plan on implementing many more features to help our NFT Marketplace stand out. Given that Rollbot holders are incentivised to increase the volume of our marketplace through profit-sharing, we believe we can attract serious volume and become a key player.
RLB is Rollbit's native token, that lives on the Ethereum blockchain and is deflationary. This is relevant to Rollbot holders for two reasons:
RLB Airdrop: If you held Rollbots during December 2021, you were lucky enough to be airdropped RLB. This RLB can now be utilised within the RLB Lottery for a chance to get a cut of Rollbit's profits!
Rollbot NFT Marketplace staking generates RLB: When you stake your Rollbot within our NFT Marketplace, in addition to earning a 50% share of the profits you will be also generate RLB passively. This is because 10% of the RLB in the Buy & Burn program is distributed to Rollbot holders.
The first Rollbot-themed game is live, X-Flip!
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