Last Updated: May 9, 2024

Popular crypto casino platform Rollbit has released its April revenue and RLB token burn figures. After continued growth of monthly revenue over the past several months, April revenue is down 19.30% compared to a month ago period. The combined April revenue is $52.32 million, compared to $64.83 million in March.

The contributions of Casino, Crypto Futures, and Sports Betting were $27.78 million (compared to $34,57 million in March), $5.87 million ($8,06 million) and $ 18.69 million ($22.19 million) respectively in April.

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RLB Circulating Supply Down to 53.66%

April was a big month for RLB token burns. As per its original plan of using 10% of its casino revenues, 30% of its crypto futures revenue, and 20% of its sports betting revenue to buy and burn RLB tokens, 65,793,269 RLB tokens worth $7,449,711 were bought and burned in April.

As RLB completed its migration from the Solana network to the Ethereum network with a cutoff date of May 1, Rollbit burnt 71,746,581 unaccounted RLB tokens that remained on the Solana network beyond the cutoff date. At the start of May, the circulating supply of RLB stands at 2,667,080,455 or 53.66% of the original 5 billion tokens.

New Provably Fair System Implemented

In early April, Rollbit implemented an enhanced Provably Fair (PF) system aimed at ensuring fairness and transparency to address players’ concerns and questions regarding the clarity and reliability of the existing PF system. The new PF system, which was implemented in some of Rollbit’s most popular games, including Mines, Rollbit Bonanza, NFT Lootbox, Plinko, and X-Flip, is based on Verifiable Random Function (VRF) technology.

The upgraded system protects the server seed, which prevents tampering and enhances randomness. Players can also verify outcomes instantly. The system guarantees manipulation-proof seeds and deterministic outcomes. This improves the overall experience and allows Rollbit to gain certification in new markets.