What is Lucky Block? How to invest LBLOCK virtual currency?
Lucky Block launched two weeks early on PancakeSwap as the platform’s presale brands sold out earlier than expected.
LBLOCK, Lucky Block’s native cryptocurrency, was scheduled to be listed on PancakeSwap in early February, but the decision to defer listing on Jan. 26 was made.
This was a great start for Lucky Block and its developers as the crypto lottery project generated huge hype on social media and mainstream news outlets. Investors will now be keeping an eye on the official launch of LBLOCK on PancakeSwap in the coming days, facilitating the token buying and selling process.
What is Lucky Block?
Lucky Block is a new crypto lottery platform hosted on Binance Smart Chain (BSC) that offers regular lottery draws through blockchain technology. As stated in White paper The main difference between Lucky Block and the platform’s traditional lottery systems is that Lucky Block is designed to keep all transactions public through the ledger – which greatly improves transparency. Additionally, since bonus draws are paid out in LBLOCK and not fiat, Lucky Block allows winners to claim their prizes almost instantly – and also offers scope for multiple payouts per day!
As mentioned, the Lucky Block pre-sale ended two weeks earlier than expected. The platform has raised nearly $6 million (£4.42 million) from a total of 9000 token holders. This provides developers with the necessary resources to expand and improve the Lucky Block system. Ultimately, this fundraising is great news for investors as Lucky Block’s lofty goal is to create a “world lottery” over blockchain – and the proceeds from the presale will be very important in helping the developers achieve that goal .
The Lucky Block platform has seen a huge boom with a community already numbering 18,000 members telegram group of the project. There have also been numerous mentions of Lucky Block on social media sites like Reddit — and even in mainstream media like The Herald and The Economic Times of India. All in all, anticipation for the process leading up to the launch of Lucky Block on PancakeSwap on January 26th has grown dizzying.
Lucky Block launches on PancakeSwap
The start up pancake swap will be the first time investors can freely buy and sell LBLOCK on an exchange. PancakeSwap is known as a “decentralized exchange” which means the transactions are not secured by an intermediary. Instead, prices are determined by supply and demand factors, with a “pool of liquidity” allowing for a quick and inexpensive transaction.
Specifically, PancakeSwap is built on top of BSC, which means the platform offers a way to trade BEP-20 tokens – just like LBLOCK. Additionally, since PancakeSwap is an “Automated Market Maker – (AMM)”, users do not need to go through lengthy KYC checks to start trading. All that is required is a crypto wallet and some BNB, which will be used to exchange for LBLOCK once the token is listed on the platform.
If you want to learn more about Lucky Block, visit us site official platform and find out the developer roadmap for the project. If you want, you can read those too security rating about Lucky Block was completed by SolidProof.io, one of the leading German blockchain security companies.
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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