Comments (7707)
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.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.
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.
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.
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.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.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.
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.
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.
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,Β 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.
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.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.
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.
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.
More like it doesn't mean it auto pumps upon listing like if it was listed in Binance or Coinbase. Β But it does mean if it's listed in more exchanges then it's easier for everybody to access. Β 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. Β
Overall, more listings is better.
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.
I am also seeing how it impacts the prices for the token and read more about it in detail.
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.
This is just my speculation but I think Binance will list RLB in the future,
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
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 lotteryThis is just my speculation but I think Binance will list RLB in the future,
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.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.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.
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.
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.
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.
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
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
Listing on Poloniex is enough to provide fresh air because trading volume has increased as well as prices have pumped up, but as usual it's only temporary, sometimes it doesn't even take up to a week, market conditions will be as usual because speculators have already taken profits and usually they are not long-term holders, only taking advantage of momentary circumstances.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.
Poloniex is not a big exchange anymore after experiencing some issues on their exchange, but in the past, this exchange has been one of the places where coin xlm has gotten very high pumping.
There must be a lot of people who hope that RLB can be listed on Binance but these exchanges are very selective in adding new coins to their exchange, needing massive campaigns or promotions from RLB developers if they want to be listed on Binance.
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.
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
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
But here's the thing. Β If it's looking really good now, imagine how it'll look in a couple of years when it's a full fledged bull market and everything is trending up.
How much is RLB now in CMC? Β It was around 250m the last time I checked. Β In a full fledged bull market, the market cap could be over a billion. Β If it gets a license as a perp exchange could it go after the big boys? Β Dunno... Β But it's looking good.
-snip
But here's the thing. Β If it's looking really good now, imagine how it'll look in a couple of years when it's a full fledged bull market and everything is trending up.
How much is RLB now in CMC? Β It was around 250m the last time I checked. Β In a full fledged bull market, the market cap could be over a billion. Β
It is around $347m right now and in the next bull market, there are going to be thousand of other coins / similar usage tokens so its either price is going to increase or people are going to sell their stash to jump on another 'get rich quick token'
If it gets a license as a perp exchange could it go after the big boys? Β Dunno... Β But it's looking good.
You mean Rollbit? that would totally defeat their purposes as a gambling site wouldnt it. As of now they are getting decent amount of transaction fees only having RLB on their site but adding another coins or tokens would totally make them looks like an exchange which is pretty weird
The old Poloniex doesn't exist anymore. However, one could argue that this is progress in the right direction. An exciting "pump and dump" plot has something for everyone. Those salespeople are really good at what they do.Listing on Poloniex is enough to provide fresh air because trading volume has increased as well as prices have pumped up, but as usual it's only temporary, sometimes it doesn't even take up to a week, market conditions will be as usual because speculators have already taken profits and usually they are not long-term holders, only taking advantage of momentary circumstances.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.
Poloniex is not a big exchange anymore after experiencing some issues on their exchange, but in the past, this exchange has been one of the places where coin xlm has gotten very high pumping.
There must be a lot of people who hope that RLB can be listed on Binance but these exchanges are very selective in adding new coins to their exchange, needing massive campaigns or promotions from RLB developers if they want to be listed on Binance.
At its inception, Poloniex must have been rather high up. Those memories. There, XLM saw an insane drive. Do you ever think that RLB, like every other genre, will have its day in the sun? There's also Binance... That's quite major, yet there's apparently no rock tall enough.
You can't help but feel that RLB needs to go all out. plenty and plenty of commercials and adverts and everything else. With any luck and RLB's doggedness, it might be at the top before we know it. We gamble because we enjoy the excitement, right?
It's again at $0.10 and it's great that after the listing prices have been impacted giving holders a benefit point so they can grow more with little corrections meanwhile.After this I am also analysing how it reacts in coming days to see if I want to increase my stash or sell few at profit.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
The listing on Poloniex exchange really had a positive impact to the price that's why it bounce back to 0.1 (currently the price is 0.11).It's again at $0.10 and it's great that after the listing prices have been impacted giving holders a benefit point so they can grow more with little corrections meanwhile.After this I am also analysing how it reacts in coming days to see if I want to increase my stash or sell few at profit.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
Now, RLB is not only exclusive to Rollbit gamblers because traders can also buy/sell on Poloniex. The team is really working hard to make this coin a worthy to add in our portfolio. I won't be surprise if RLB will get listed to other big exchanges soon (hopefully on Binance) so let's just wait and see.
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