What are the Lucky Block Crypto Project and the LBLOCK Coin?
What are the Lucky Block Crypto Project and the LBLOCK Coin?
Have you heard lately about the famous Lucky Block Crypto that has attracted huge attention from crypto enthusiasts around the world? Do you even know what the term “lucky block crypto” really means, and why can you hear it among seasoned professionals in the crypto universe?
Primarily, we are talking about one of the most successful crypto platforms that have emerged on the market in the previous couple of years. The lucky block crypto platform was soon declared the number one NFT-competitions platform with numerous interesting features and benefits for its users.
So, what makes the Lucky Block Crypto platform so popular, and why is the increasing number of satisfied users useful almost every day? Let’s find out more about her, shall we?
Get to know what Lucky Block Crypto Platform is
The Lucky Block Crypto platform represents the blockchain-based, market-leading NFT platform where players are able to earn their rewards by entering competitions and holding NFTs. These rewards were usually Lucky Block tokens.
It was launched in January 2022, with the main goal to provide their NFTs and competitions an actual utility and true and tangible rewards structure. The focus was on allowing every holder to win rewards for participating in it.
Since its emergence on the market, it has drawn the attention of crypto investors as the BSC project also launched the second version of its LBLCOK token, which is Ethereum-based.
In February, its developers announced the software update and implementation of a particular tax on LBLOCK token sales. Considering the official announcement of the team, the tax was used to boost holdings in the long run, and demoralize day trading in general.
Lucky Block crypto was, undoubtedly, the 1st crypto project that managed to come to a $1 billion market cap within a single month and less!
Who is the founder of the Lucky Block platform?
The platform was founded by Scott Ryder, the former head of sales at Investoo Group, a fintech marketing business, and the current CEO of Lucky Block. He’s also CEO of StakeMoon Coin and co-founder of DeFi Coins.
Lucky Block’s COO is James Fennel, also the NFT Launchpad CEO and the former head of marketing at Finixio.
Where can you utilize its NFTs?
Using their NFTs is available on the launchpad. xyz. Lucky Block offers holders a certain percentage reward all the time they own their NFT.
Once one NFT collection is sold, they’ll randomly pick and announce the winner of their competition, while the reward could be a gaming console, smartphone, or even a trip to a fantastic exotic destination!
The Lucky Block Token – LBLOCK coin
The Lucky Block token represents the main token of the platform and the asset that powers its rewards structure. Since it’s based on the Ethereum blockchain, it enables everyone to list on centralized exchanges.
The LBLOCK native token exists to reward Lucky Block NFT holders who get daily rewards according to the amount of the Non-Fungible Tokens they possess. Of the total gain from every competition, the pool of prizes is equal to 1%. In addition to that, the Lucky Block crypto platform also has competition take outs every week.
Where was the initial LBLOCK token launched?
The incentive LBLOCK coin was launched in January on the popular Binance Smart Chain. It was based on the popular token standard “BEP-20”. Afterward, the Lucky Block crypto platform launched an ERC20 token’s version known as LBLOCK V2 on July 25.
According to one tweet from their development team, the original LBLCOK token built on the BSC had a 12% tax applied to sales. So, even though the chain is known to have low costs of transactions that are advantageous for various competitions, it isn’t the number one option for the majority of exchanges.
The main reason for the LBOLOCK V2 token development was to be supported over each and every exchange, including Binance. Keep in mind that usually, Tier 1 exchanges don’t support tax sales. That’s why the development team of the Lucky Block crypto project needed a completely new coin that will exclude any possible taxes.
Where is the LBLOCK coin listed?
The LBLOCK coin, or the Lucky Block coin, could be found on the PancakeSwap decentralized exchange and the LBank centralized exchange. According to the official announcement back then, LBank wasn’t capable of setting 12% of Lucky Blocks deposits tax getting from the decentralized PancakeSwap exchange.
All individuals with LBLOCK tokens on the PancakeSwap could transfer LBlock to LBank to avoid any tax payments on all sales discharged on that decentralized exchange. Instead, the centralized trading venue executed a 6% on every transaction that involved LBlock.
The Lucky Block Token Price
The price history of the Lucky Block crypto shows that the token was launched at the price of $0.0008611 in January. By February 17, the price took off by 1,0000% to $0.009617. However, on March 27, the price swiftly receded, so the Lucky Block coin was around the $0.001341 level at the time.
On April 4, the LBLOCK token’s price increased to $0.003738 but dropped to $0.001056 on May 12. It was the time when cryptos sold off. On June 14, it fell to $0.00101, and on August 5, the price was $0.0006279. By August 20, the price of the token fell to $0.0004055.
On the day of writing, in November 2022, the price of the LBLOCK V1 token was $0.000148, with a24h trading volume of USD 2,753.72. Since the prices are updated daily and in real-time, it’s crucial to check them on a daily basis.
How high could the LBLOCK token price go?
Numerous factors could influence the LBLOCK token price. One of these factors is the usage of the Lucky Block lottery platform and whether its token is listed on numerous crypto exchanges, making it more available for investors to access. So, it’s yet to be seen how high the token price will go.
How and where to buy the LBLOCK V1 coin?
To buy the LBLOCK V1 coin or the Lucky Block crypto official coin, you can do so by following these simple steps:
- Go to the official Binance website and download the Binance Wallet.
- Register and set up your Binance Wallet via the wallet’s Google Chrome extension or the mobile app.
- Purchase BNB Chain as your Base currency.
- Once you’ve bought the BNB chain, send it from Binance to your crypto wallet.
- Choose a Decentralized Exchange.
- Connect your wallet to the DEX.
- Select your BNB chain as the payment.
- Pick the Lucky Block as the coin you wish to acquire.
- In case the LBLOCK V1 doesn’t appear, get its Smart Contract.
- Copy and paste its contract address into Pancake Swap.
- Apply the swap by clicking the “Swap” button.
Where to buy the Lucky Block crypto?
So, if you were asking yourself, “Where can I buy Lucky Block crypto,” you can do so on Gate.io. It is one of the top ten cryptocurrency exchanges in the world. It lists crypto assets of the greatest quality with a high return rate.
What are the main opportunities and risks of Lucky Block?
As mentioned above, Lucky Block crypto pursues to reward all its investors who possess their Non-Fungible Tokens. They’re doing so by offering valuable competition rewards on a daily basis. Besides that, investors can also gain from holding the LBLOCK token, which price has the potential to increase when it comes to other novice exchange listings.
However, new crypto projects such as the Lucky Block crypto are extremely precarious. investments. We can tell so since the price of the LBLOCK V1 token has fallen significantly below the V2 token’s value.
Plus, its holders cannot convert the V1 tokens since the bridge launch to Ethereum has been postponed, and there’s no guarantee of winnings for its entrants.
Is the Lucky Block Crypto a good idea or not?
Suppose you were wondering whether the Lucky Block is a good investment. In that case, it’s always crucial to remember that in volatile cryptocurrency markets, it’s always crucial to research a token or coin you’re considering investing in.
Predicting whether one particular token, such as the LBLOCK token, for example, will be a suitable investment depends on numerous factors, including how much you’re willing to invest and your risk tolerance level.
Particularly, investing in Lucky Blocks crypto could be a good idea since the value of its token is likely to expand. The asset shortage is expected to result in a significant price rise. Investing in the LBLOCK token allows you to expect more benefits than trading with other crypto assets. Also, there’s the opportunity to win the jackpot and other lottery prizes!
Conclusion
To develop a good and realistic view of the market, it is crucial to do proper research. Get to know all about its technical and fundamental analysis, market trends, news, and expert opinion before investing in any crypto. And, make sure you invest the amount of money you’re not willing to and cannot afford to lose.
Investing in crypto can be very profitable if you’re really informed about it and know which cryptos are worth considering. Keep in mind that the market is very volatile and you should be extremely cautious about your decisions! Good luck with the Lucky Block Crypto investment in the long run and acquiring huge profits!
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