Post
Topic
Board Gambling
Re: Rollbit.com | Crypto's Most Rewarding Casino 👑
by
BitcoinPanther
on 15/07/2023, 19:48:34 UTC
In addition, the casino has its buy back and burn program for the $RLB token -snip
The buyback certainly helps but it needs to grow a bit more,
-snip

This is abit misleading, iirc there is no buyback program for RLB token. They did have the buyback for the Rollbots NFT but not for the RLB token. There is a liquidity pool in Rollbit for RLB/usd so that is used for players to buy or sell RLB on site and its not a 'buyback'. So the price of the token is affected purely by market supply and demand

But if ever the RLB team decided to create a buyback program, it will definitely help the market since it lessen the sell pressure at least.  I am still confused why Rollbit team does not implement the RLB buy back system when they are into Rollbots NFT buyback.  The idea of RLB token buyback may probably bring more confident on the token economics since holders will think that there will be a continuous demand for RLB because of the buyback program if ever RLB owner decided to implement such idea.