# Lucky Rollbit

> Lucky Rollbit is the co-founder of Rollbit, an online cryptocurrency casino launched in 2020, known for introducing the RLB token within its lottery system.

- Canonical URL: https://iq.wiki/wiki/lucky-rollbit
- Categories: People in crypto
- Tags: Founder
- Created: 2023-10-06T16:48:32.000Z
- Last updated: 2023-10-06T15:48:34.045Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**Lucky** is the co-founder of [Rollbit](https://iq.wiki/wiki/rollbit-coin), an online [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) casino platform launched in February 2020. [\[1\]](#cite-id-q18x3xrjps)[\[3\]](#cite-id-yort9l6c31o)  
  
# Career  
  
## Rollbit  
  
[Rollbit](https://iq.wiki/wiki/rollbit-coin) online casino platform that was founded by Lucky and his co-founder [Razer](https://iq.wiki/wiki/razer-rollbit) who have a shared passion for online gambling. The platform has positioned itself at the forefront of the cryptocurrency gambling space by offering instant [BTC](https://iq.wiki/wiki/bitcoin-btc), [ETH](https://iq.wiki/wiki/ether-eth) & [LTC](https://iq.wiki/wiki/litecoin) deposits/withdrawals, and a cryptocurrency trading feature. [\[2\]](#cite-id-yvx73rwyehk)  
  
### RLB  
  
The Rollbit token (RLB) was launched as an integral part of the Rollbit lottery. There was no [initial coin offering](https://iq.wiki/wiki/initial-coin-offering) (ICO) for RLB. Instead, Rollbit [airdropped](https://iq.wiki/wiki/airdrop) RLB for free to existing users of its casino and trading platform, [Rollbit](https://iq.wiki/wiki/rollbit-coin). [\[3\]](#cite-id-yort9l6c31o)  
  
In September 2023, Rollbit clocked $38 Million in revenues and burned more than 1.2% of the circulating supply of its RLB tokens in line with long-term plans for a “buy and burn” program.  
  
> “The number of on-chain RLB hodlers breached 10,000 today after a strong month of revenue for Rollbit in September.  
> Nearly $38,000,000 was generated across our three revenue streams, resulting in a buy and burn of over $5,000,000 in RLB (1.265% of the circulating supply)!  
> More buys, burns and on-chain fireworks are coming soon” - co-founder @Lucky\_Rollbit tweeted. [\[4\]](#cite-id-lcfdzuipjn)  
  
# Controversy  
  
In April 2023, Lucky garnered attention in the [crypto](https://iq.wiki/wiki/cryptocurrency) community when he announced a bonus structure for existing partners. He suggested that influencers promoting RLB could stand to earn $250,000 in tokens should the price of RLB reach $0.20 and sustain that value for a week. A condition of participating was “several organic RLB tweets” each week. [\[5\]](#cite-id-h6844o5hsz9)  
  
> “we’ve came up with a new bonus structure in relation to RLB growth for our existing partners to align motivation and share more of Rollbit’s success.” - Lucky tweeted  
  
Grizzly, a self-described “chief rug officer” at Pymons, the P2E platform accused several crypto influencers of posting undisclosed promotions of Rollbit Coin (RLB) due to the tweet. [\[5\]](#cite-id-h6844o5hsz9)