Quote from: arallmuus on August 15, 2023, 07:13:51 PM

Quote from: tusandii on August 15, 2023, 05:52:33 AM

But I think those who buy RLB on the Rollbit site directly to gamble with may be a little disappointed because they bought for a different purpose and of course this price increase cannot give gamblers full returns unless they invest it.

Well there are some incorrect part in this statement

First of all I guess we dont call it 'gamble' anymore though because the latest update made the lottery free to play if you put in some RLB with literally zero fee so its not really 'gamble' anymore when there is nothing to risk for. Obviously chances goes down pretty low because now all the whales are piling up their RLB on every lottery

Secondly, the term 'invest' is also abit weird. You obviously can put your RLB in the pool to get some fees from the all the transaction but its not really 'invest' aint it.

I have not tried the latest update of the lottery since it was updated, but speaking of invest whether to call the lottery gamble or not, i think one think to also consider is that fact that those who are holding RLB tokens actually spent money to buy it, so its safe to say that they invested in the token, now, by adding it to the pool to gain or be allowed access to play the lottery, that is simply staking, and here, free access to the lottery is the reward, so instead of gaining more tokens in return which in the traditional way is calculated based on agreed APY or APR, here, the casino simply gives stakers free access to the lottery..

Overall, I still see this as an investment, since RLB is not a stable coin, and can not be sold and withdrawn directly to our bank account, price is still prone to ups and downs, it means that what ever happens in the RLB market still affects the tokens even in the pool.