Quote from: aysg76 on June 26, 2023, 04:57:24 PM

The lottery system has helped them to boost up the demand for RLB as they have provided the utility to holders with a chance to win good amount through jackpot as the pool is really big with more and more RLB staked.The fees is actually 0.2% while staking out of which 0.1% is paid to NFT holders who have staked it while 0?1% is burnt.

With their latest information about RLB burn this is updated statistics :

It helps to create more use case for RLB token and help token holders have chance to win big. It is helpful for the tokenomics too because they will use the fee to buy back and burn the RLB token which will reduce the token total supply.

The challenge is will they have get good money from fee to buy back and burn?

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4th RLB Burn 🔥
Date: June 25th, 2023
RLB burned today: 72,367,733.56 RLB
Approximate USD value burned today: $1,458,426.93
RLB burned to date: 1,775,386,728.56 RLB
Approximate USD value burned to date: $19,270,746.51
Burn transaction ID (TXID): LINK
Supply change: 3,296,981,005 to 3,224,613,271.44
Overall RLB supply burned: 35.51%

The question is quoted. About $1.4M burned in USD value in a single burn round and totally they have burned $19.2M so far. That is a big value and total burned tokens account for 35.51% of RLB total supply. Soon we will hit the 50% of total supply burned.