With all great efforts from Rollbit team to change tokenomics of $RLB token from inflationary to deflationary with combined strategy from Buy back and Burn program, many use cases for the token to give benefit to $RLB token holders and who have Rollbot on Rollbit platform, I am very optimistic about future of the token.
It is very impressive that the token made its new all time high in 2023 when the cryptocurrency market is still in a bear market and we have yet started a bull run. The market this year is better than last two years but it does not turn to bullish year. It is only a warm-up year for the market, a last phase to complete a long bear market and a preparation for next year bull run.
I do believe that this will have a long term impact on it. I am not expecting anything today right away, that's not how tokenomics works, and certainly not ones like this. However, I do agree that on the long term day by day gradually it will show the difference. When that happens we are going to start to see the difference and the price will change without a doubt. I get that it may not be all that crazy for the time being, but I think it is going to be as good as it gets on the long run.
Well for starters we are talking about inflationary to deflationary, that alone means that instead of having more and more which would drop the value, we are going to have less and less which should increase the value, and also between buy back and the burn? That should not only increase the price by buying back, but also lower the supply by burning as well. These are not a single day changes but they are definitely great stuff for a long term of a token.
I agree that the time will tell if their strategy to pump the price will be sustainable for them and for their holders as time goes on. We had seen many projects that use the buy back and burn strategy to do artificial pumps because it is logically lessening the supply in the market. Though the sustainability of it is not guaranteed as long as there are no sustainable real use case behind the token. I believe that in order for it to have a demand, it should be actively used by the consumers in a way to burn them and not to return them to the treasury for it to be reused. It just won't work if you asked me. RLB had improved a lot in terms of price since then but I hope that they can keep up the growth until the next bull market.