The LBLOCK V2 token, used on the Lucky Block NFT contests platform, is now popular among cryptocurrency investors. LBLOCK V2, based on Ethereum, is 20% more valuable on LBank’s centralized exchange. Its price has been as high as $0.0030 and is presently printed at $0.002831.
According to coinmarketcap, LBank and MEXC are the 15th and 17th busiest cryptocurrency exchanges, respectively.
Even if the LBLOCK V2 token can be exchanged tax-free, today’s price action suggests that demand is increasing. Only the V1 version of LBLOCK, which is traded on decentralized exchanges, is subject to the 12% sales tax (although LBank’s rate was 6% for sales and purchases, respectively), but owners of this version are eligible to win the prize.
Because of the needs of traders and centralized exchanges, a new coin, V2, was developed. With this, V1 will be able to trade on additional exchanges, including the more liquid Ethereum ecosystem and centralised exchanges, rather than just decentralized ones like Pancakeswap.
In addition to the recent listing of LBLOCK v2 on Uniswap, the optimistic mood has been bolstered by this development.
$LBLOCK V2 Tax Free Trading Is Now Live on @Uniswap🔥
Become a holder of V2 token, that has gained 250% in the first couple of days and is expected to continue rocketing!🚀
Simply
➡️ Go to https://t.co/iQy9Pc5JTA pic.twitter.com/puHhZL91aF
— Lucky Block Casino & Sportsbook (@luckyblockcoin) August 8, 2022
Many LBLOCK token V1 holders are patiently awaiting the rollout of the software bridge that will allow for the seamless transition between the two token types. In order to account for the sales tax that is applicable on DEXs, V1 exchanges at a rate of 0.88 when going from V1 to V2.
It has been reported on the project’s Discord and Telegram channels that other CEX listings are in the pipeline for the token, following on the heels of LBank and MEXC. It’s possible that market individuals with inside information are anticipating listings announcements, which would explain today’s strong green candle.
In contrast to a regular lottery, however, NFTs allow for the addition of extra value in the form of rewards accrued from the pot. The benefits accrue to NFT holders indefinitely. Each NFT serves as the entry ticket and also includes a one-of-a-kind digital artwork in jpg format.
To coincide with the launch of the NFT contests platform, daily jackpot draws have begun, and anyone with 500 LBLOCK V1 tokens or more in their wallet is eligible for a free entry. Also, tickets are only $1 per with a $5 purchase required.
Before that, the daily prize was worth $3,537 to the lucky winner.
The popularity of Lucky Block goods keeps rising. The Mirror and the Daily Mail, two of the UK’s most widely read newspapers, recently covered a survey on luck commissioned by Lucky Block.
Dillian Whyte, who recently boxed Tyson Fury, is just one of many boxing personalities serving as ambassadors for the project. Ambassadors Joe Joyce, Florian Marku, and Savannah Marshall
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