Lucky Block, the innovative crypto-lottery platform, has recently listed on leading digital asset exchange LBank, following its rise to a $750m market cap in under a month of trading.
The LBLOCK token has proven to be a hit with investors, as the token’s price has surged to $0.0048 since launching on PancakeSwap in late January – representing a return of over 2070%.
All eyes will be on Lucky Block in the weeks ahead, as this new listing on LBank looks to increase liquidity ahead of LBLOCK’s proposed listing on Binance and other leading cryptocurrency exchanges.
LBLOCK’s Price Surge Makes Waves in the Market
LBLOCK was officially launched on the decentralized exchange PancakeSwap on January 26th, following the token’s successful presale phase. Within just three days, the LBLOCK price had surged up to $0.0033 – an increase of 1388%. Notably, this increase would have been even higher for investors who had purchased at a reduced price point through the token’s presale.
As can be seen on GeckoTerminal, the LBLOCK price then took a breather in the following days, with price consolidating before another bullish push. This push occurred on February 4th, when LBLOCK rejected the support level around $0.0010, and the token’s price soared by 619% in just under a week.
According to CoinMarketCap, LBLOCK hit an all-time high of $0.0074 on February 11th. This proved to be a significant milestone for the Lucky Block platform and its developers, as this marked the first time that LBLOCK had breached a $750m market cap on a fully-diluted basis.
Since peaking on February 11th, the LBLOCK price has dropped slightly and seems to be forming a strong support level around $0.0041. Price has been rejected from here five times in the past few days, highlighting the volume of investors looking to purchase tokens at this price.
Ultimately, the technicals seem to be aligning for another upwards push in the days and weeks ahead – giving investors the chance to purchase LBLOCK tokens at a discount at current prices.
Listing on LBank – A Key Milestone for Lucky Block
Since the token’s listing on PancakeSwap, LBLOCK has caught the headlines in numerous media outlets – with one leading website stating that LBLOCK is the most promising cryptocurrency to invest in 2022.
Thanks to the hype and rapid growth of the token, Lucky Block’s developers recently announced that LBLOCK would be listed on the leading digital asset exchange, LBank.
This listing took effect on February 11th, with the coin going live at 6pm GMT. Investors can now gain exposure to LBLOCK’s price movements through trading the LBLOCK/USDT pair on LBank. USDT, the ticker symbol for Tether, is a stablecoin pegged to the US dollar price and allows for easy and cost-effective execution of crypto trading.
As noted by Yahoo Finance, LBank has over 6.4 million users and offers trading services in more than 210 regions worldwide. The platform has a reputation for providing low trading fees and a user-friendly trading platform, making LBank a viable alternative to PancakeSwap.
The boost in the accessibility of LBLOCK to retail investors will be of enormous benefit to Lucky Block, as the platform’s CEO, Scott Ryder, hopes to achieve a $1 billion market cap soon.
“We expect to reach a $1 billion valuation in the next few weeks,” Ryder said. “We are very pleased with the progress the project has made in its short life. With more CEX listings in the pipeline, NFTs to be launched and then the app dropping on March 21st and the first draw a few days after, the team is working flat out at this point.”
The Lucky Block Story – How Has LBLOCK Reached This Point?
The remarkable rise in popularity of Lucky Block has seemingly come out of nowhere, as the platform has not yet launched its daily crypto lotteries. Much of Lucky Block’s hype is derived from the potential that these lottery draws offer, with the first jackpot set at $5m, as the platform looks to revolutionize the outdated experience offered by current lottery providers.
As Lucky Block is built on the Binance Smart Chain (BSC), the entire lotto process is decentralized – allowing for greater transparency and fairness for entrants. What’s more, due to more frequent prize draws, the odds of winning each jackpot are higher.
The Lucky Block whitepaper outlines the functionality of LBLOCK, the platform’s native token. Aside from being used to purchase lotto tickets through the Lucky Block app, LBLOCK is also what jackpots are paid in. Taking this approach, instead of using FIAT currency, allows winners to receive their winnings almost instantly.
Combining these compelling use cases has helped Lucky Block surge into the public consciousness, with top media outlets such as CoinTelegraph mentioning the token in recent articles. As noted earlier, LBLOCK’s successful presale, which sold out two weeks ahead of schedule, prompted the launch on PancakeSwap – which kickstarted LBLOCK’s growth to a $750m market cap.
Looking ahead, this is likely just the beginning for Lucky Block, as the dev team put the finishing touches on the Lucky Block app, set to be released on March 21st. The app’s launch will come just a few days before Lucky Block’s first lotto draw on March 25th – another landmark moment for the platform.
Benefits of LBLOCK – Three Key Areas
Given the buzz around Lucky Block, it’s natural to wonder why the token is attracting so much attention. Detailed below are three of the most prominent benefits of investing in LBLOCK:
Proposed Binance Listing
As noted in the Lucky Block Telegram group, which now has over 33,000 members, the platform’s dev team are gearing up to file a listing proposal for Binance – one of the world’s top cryptocurrency exchanges. Aside from Binance, Lucky Block’s developers also plan to obtain listings on other major exchanges, such as Crypto.com, FTX, KuCoin, and OKex. Ultimately, the increased accessibility and liquidity will be of major benefit to LBLOCK over the longer term.
Passive Income Potential
A key component of Lucky Block’s lotteries is that 10% of each prize pool will be distributed to LBLOCK holders. This incentivizes investors to hold the token long term and provides them with a steady stream of passive income through dividend payments. As noted in a recent press release, Lucky Block estimates a yield of 19.2% per annum for investors holding $1000 worth of LBLOCK.
Lucky Block NFTs
Finally, Lucky Block’s roadmap looks incredibly exciting, with numerous meaningful plans in the works. One of the most intriguing plans is to launch Lucky Block NFTs – although the platform’s dev team are tight-lipped on the details behind this at present. Aside from NFTs, the roadmap also presents proposals for LBLOCK merchandise, fundraising events, and even a crypto-education platform.
How to Buy Lucky Block?
Given the significant buzz around the platform, you may wish to get involved and buy Lucky Block today. If that is the case, you’ll be glad to know that the process is incredibly straightforward and can be completed by following the four quick steps below:
- Step 1 – Create a Crypto Wallet: Create a crypto wallet (e.g. MetaMask) that can connect to the Binance Smart Chain.
- Step 2 – Buy Binance Coin: Buy some Binance Coin (BNB) from a respected cryptocurrency exchange.
- Step 3 – Connect Wallet to PancakeSwap: Click ‘Connect’ on the PancakeSwap homepage and follow the instructions to link your wallet.
- Step 4 – Buy Lucky Block: Search for LBLOCK on the PancakeSwap exchange and click ‘Trade’. Enter your investment amount in the order box (denoted in BNB) and confirm the trade.
Cryptocurrency markets are highly volatile and your investments are at risk.