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Lucky Block – new cryptocurrency with a market cap of over $750 million

By on March 3, 2022 0

The new Lucky Block project, which allows people around the world to access decentralized lottery games without trust, has recently launched on the popular cryptocurrency exchange LBank.

According to the Lucky Block team, this is just the first of many centralized exchange listings in the works. As such, it will bring significant trading volume to the Lucky Block project, as well as unprecedented global exposure.

LBank list

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

Mostly, 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 LBank’s listing announcement, LBlock has since surpassed a total market capitalization of over $750 million.

Initially, LBlock will be traded for Tether (USDT) on the LBank exchange. In the 24 hours prior to writing, LBLOCK/USDT had attracted nearly $900,000 in trading volume alongside growth levels of over 25%.

Invest in Lucky Block on PancakeSwap

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

The story of the lucky block

Lucky Block was founded in late 2021 with the overarching goal of decentralizing the global lottery industry. This essentially means taking lottery games out of state-franchised organizations and putting them back into the hands of players.

This can be achieved by bringing lotteries into the blockchain technology space. Additionally, 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.

As for its native digital tokens, LBlock was initially listed at the presale price of $0.00015 and $0.00017 – depending on the time of purchase. Since then, the LBlock token has grown significantly in value.

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

Why invest in Lucky Block?

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

Decentralization of the lottery industry

In their current form, lottery games are usually offered by government-supported bodies that operate centrally. This means that there is no transparency on the number drawing process and the amount of ticket proceeds distributed to players may be unfavorable to players.

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

This means players can be 100% sure that every game outcome is truly random and legitimate. And, since there are no centralized bodies involved in the process, a much larger percentage of ticket proceeds go towards the total prize pool.

Globalization of lottery games

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

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

Lucky Block crypto lottery games, however, are not limited by borders. On the contrary, Lucky Block lotteries are available globally, which means players from any country can participate.

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

Still in its infancy

We mentioned earlier that Lucky Block has generated over 4000% growth since listing on Pancakeswap, resulting in a total market cap of over $750 million.

That said, Lucky Block is still at the very beginning of its global lottery journey and so you have the opportunity to invest in this project at a very 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 are looking to buy Lucky Block right now and are considering its main listing on Pancakeswap, follow the steps below to get started today.

  • Step 1: Download Trust Wallet – Pancakeswap is a decentralized 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 access both Pancakeswap and BSc.
  • Step 2: Transfer BNB – As LBlock trades on BSc, you need to buy its token with BNB. As such, transfer an allocation of BNB tokens into your Trust Wallet.
  • Step 3: Log in to Pancakeswap – You can now log in to Pancakeswap. Simply click on ‘DApps’ followed by the ‘Pancakeswap’ logo.
  • Step 4: Paste the contract address – You will now be asked to import the LBlock contract address which can be obtained through Lucky Block official website or Telegram group.
  • Step 5: Buy Lucky Block – Finally, you can now enter the number of BNB tokens you want to exchange 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 proven that top-rated cryptocurrencies can still deliver big gains even when broader markets are down.

After all, while most crypto assets have struggled to gain momentum over the past month, early Lucky Block investors are now eyeing returns in excess of 4,000%.

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

The beta version of the Lucky Block app is scheduled for March 7, 2022 and its first crypto lottery draw for March 25, 2022.

Buy Lucky Block on PancakeSwap now

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