Rollbit (RLB): A House of Cards or Hitting the Jackpot?
A Deep Dive into the Most Profitable Company in Crypto
Since the beginning of the year, Rollbit (RLB) has experienced a meteoric rise, appreciating nearly 100-fold and capturing significant market attention. Its dramatic growth has galvanized the GambleFi sector, inspiring a wave of competitors and auxiliary tooling seeking to capitalize on its momentum.
Despite the market dominance of Stake, the dominant online casino with $2.6 billion in annualized revenue, Rollbit - which shares an almost identical layout and offerings - has carved out its own space with its notable performance. It recently reached an annualized reported revenue of around $500 million, and is conducting token buybacks and burns at a rate of up to 15% of its total supply per year.
However, Rollbit has not been without controversy, facing scrutiny for rumors of past unethical behavior by its team, regulatory risks, and questions about the legitimacy of its reported revenue.
Is Rollbit's meteoric rise backed by genuine performance, or is it a house of cards? This report delves into the hard numbers, scrutinizes the reported revenues, and unpacks the risks to give you a bigger picture.
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