Thread by @cryptopainzy

part 2 thread 🧵about what i believe to be the one of the most under valued coins in crypto @rollbitcom $RLB that has a potential to pull a 75x to 100x in the next bull market

-value proposition
-revenue
-income streams
-potential market cap in the future and why
👇👇💎💎

https://twitter.com/cryptopainzy/status/1652326296402161669

.@rollbitcom has one of the few projects in crypto actually has revenue and provides utility for its coin $RLB

#RLB is used as a lottery ticket which derives its prize from casino earnings

every 16 hours they are able generate 16k average prizes for lottery stakers

0.2% of the total staked coins are taken as fee and half of that is permanently burnt making it a deflationary, as of writing 35% of the total supply has been burnt 👇👇👇

the team has also stated that @rollbitcom is developing a new product called rollbit arena which will have #RLB utility implemented to it

no details as of yet but i'm pretty sure that it will have additional burn mechanics for $RLB 👇👇

if we take @GMX_IO as an example here to calculate how much they make in fees vs how much their market cap is at, we can conclude that they are roughly sitting at 66.3x

10m fee generated at 630m mc

now lets look at rollbit 👇👇

credit to @ethimedes for a rough calculation for the casino section, rollbit is earning 50m, monthly 4.2m

sportsbook 40% profit share is at 1.3m monthly meaning rollbit overall profit is at 2.2m monthly

now onto futures trading 👇👇

rollbit is the only platform in crypto space that offers 1000x leverage on #BTC and alts

total daily volume is 1.184billion, if we assume they make 0.1% revenue on that like any other exchange

it would net 35.5m $ monthly

now let's add all the revenue and recap the numbers👇

total fees generated;

-4.2m from casino
-2.2m from sportsbook
-35m from futures trading

total = 41.4m

if we apply gmx logic to rollbit, it should be at 410m market cap but its at 59m

do you see how under valued it is now?

if #RLB finds its fair value at 410m marketcap and with #BTC halving a new bull market kicks in

the entire crypto market valuation would 10x with alts running hotter

it is fair to expect RLB 10x from its fair value to 4.1B MC which would mean a 90-100x from the current prices

recap;

-working product
-great community
-consistently delivering team
-41m fees generated vs 59m market cap
-deflationary tokenomics
-more utility is being worked on for rlb
-1000x leverage for future bull market degens
-every business aspect growing

= undervalaued af💎💎

tagging a few defi chad threadooors, have a look at this beast
@cryptocevo
@ThinkingBitmex
@LouisCooper_
@monosarin
@FungiAlpha
@CryptoStreamHub
@ChadCaff
@Issherai
@CrossChainAlex
@RiddlerDeFi
@DeFiMinty
@cyrilXBT
@SherifDefi
@ViktorDefi