Lucky Block - new cryptocurrency with $750m+ market cap - lists on LBank

Lucky Block - new cryptocurrency with $750m+ market cap - lists on LBank

The newly founded Lucky Block project, which allows people from all over the world to access decentralised lottery games in a trustless manner, recently launched on the popular cryptocurrency exchange LBank.

According to the Lucky Block team, this is just the first of many centralised exchange listings that are in the pipeline. As such, this will bring significant trading volume to the Lucky Block project, alongside unprecedented global exposure.   

LBank Listing 

LBank, which according to CoinMarketCap averages daily trading volumes in excess of $1 billion, was the first centralised exchange to list the LBlock token. This will subsequently allow investors to buy Lucky Block tokens in a more user-friendly manner.

Crucially, this is because LBank allows verified users to deposit funds via a range of convenient payment methods such as debit/credit cards and bank transfers. Since the LBank listing was announced, LBlock has since surpassed a total market capitalisation of over $750 million.  

Initially, LBlock will be traded against Tether (USDT) on the LBank exchange. In the 24 hours prior to writing, LBLOCK/USDT had attracted a trading volume of nearly $900k alongside growth levels of over 25%. 

Invest in Lucky Block on PancakeSwap

Cryptocurrency markets are highly volatile and your investments are at risk. 

The Lucky Block Story

Lucky Block was founded in late 2021 with the overarching aim of decentralising the global lottery industry. This essentially means taking lottery games away from state-franchised bodies and back into the hands of players. 

This can be achieved by bringing lotteries to the blockchain technology space. Moreover, lottery games – which will be accessible via the Lucky Block mobile app in March, will be guaranteed for their fairness through the use of smart contracts. 

In terms of its native digital tokens, LBlock was initially listed at pre-sale price of $0.00015 and $0.00017 – depending on the time of the purchase. Since then, the LBlock token has increased in value by a considerable amount. 

In fact, since listing on Pancakeswap on January 26th 2022, the token has hit highs of $0.0062. This represents a price increase of over 4,000%. 

Why Invest in Lucky Block? 

If you’re thinking about buying some Lucky Block tokens but you don’t know too much about this project, below we discuss some of the key reasons why you might decide to invest. 

Decentralisation of the Lottery Industry

In its current form, lottery games typically are offered by government-backed bodies that operate in a centralised manner. This means that there is no transparency on the number drawing process, and the amount of ticket proceeds distributed to players can be unfavourable to players. 

And as such, this means that players are getting a bad deal – especially when it comes to odds. In comparison, the Lucky Block project does not rely on centralised actors. Instead, each and every gaming outcome is generated by smart contracts. 

This means that players can be 100% certain that each gaming outcome is truly random and legitimate. And, as there are no centralised bodies involved in the process, a much larger percentage of ticket proceeds is allocated to the total prize pool. 

Globalisation of Lottery Games

Another core reason why you might decide to invest in the Lucky Block token is that the project is globalisation of the lottery industry. 

As mentioned above, traditional lottery games are only offered on a nation-by-nation basis, which means that prize pools can be limited – especially on lower denomination combinations.  

Lucky Block crypto lottery games, however, are not constrained by borders. On the contrary, Lucky Block lotteries are available on a global basis, meaning that players from any country can participate. 

This will have the desired result of generating significant prize pools – not just for jackpots, but lower combination wins. The current prize pool is already $5m.

Still in its Infancy 

We mentioned earlier that Lucky Block has generated growth of over 4,000% since listing on Pancakeswap, which has resulted in a total market capitalisation of over $750 million.  

With that said, Lucky Block is still at the very start of its globalised lottery journey and thus you have the opportunity to invest in this project at a super-early stage. 

If the value of the Lucky Block token continues its strong upward trend and doubles from here, it could be the next 100x altcoin.

How to Buy Lucky Block  

If you’re looking to buy Lucky Block right now, and are considering its primary listing on Pancakeswap, then follow the steps below to get started today. 

  • Step 1: Download Trust Wallet – Pancakeswap is a decentralised exchange that gives investors access to tokens operating on the Binance Smart Chain (BSc), such as LBlock. As such, you need to download Trust Wallet to gain access to both Pancakeswap and the BSc. 
  • Step 2: Transfer BNB – As LBlock trades on the BSc, you need to buy its token with BNB. As such, transfer an allocation of BNB tokens into your Trust Wallet. 
  • Step 3: Connect to Pancakeswap – You can now connect to Pancakeswap. Simply click on ‘DApps’ followed by the ‘Pancakeswap’ logo. 
  • Step 4: Paste in Contract Address – You will now be asked to import the LBlock contract address which can be obtained via the official Lucky Block website or Telegram group. 
  • Step 5: Buy Lucky Block – Finally, you can now enter the amount of BNB tokens that you wish to swap for LBlock. Confirm the transaction and wait a few seconds for the tokens to land in your Trust Wallet. 

The Verdict?

The Lucky Block token has proved that top-rated cryptocurrencies can still generate significant gains even when the broader markets are down. 

After all, while most crypto assets have struggled to gain any momentum over the prior month, early Lucky Block investors are now looking at returns of over 4,000%. 

And as such, now could be the perfect time to consider adding LBlock tokens to your cryptocurrency portfolio.  

Beta release of the Lucky Block app is scheduled for 7 March 2022 and its first crypto lottery draw for 25 March 2022.

Buy Lucky Block on PancakeSwap Now

Cryptocurrency markets are highly volatile and your investments are at risk. 

Do you like the content of this article?
COMMENT
TRENDING

Temporary stay

Former Sri Lankan president Gotabaya Rajapaksa, having fled his country and seen his Singapore visa expire, arrives in Thailand but won't be here for long, the government says.

21:41

ThaiBev puts off brewery IPO again

SINGAPORE: Thai Beverage Plc has deferred the initial public offering of its brewery unit in Singapore once again, citing “prolonged challenging market conditions” for its decision.

21:32

Prawit's birthday cake leaves a bad taste

Palang Pracharath members abruptly ordered a new birthday cake for party leader Prawit Wongsuwon on Thursday after the original drew scathing reviews for bad taste on social media.

20:54