A new player has emerged again in the crypto world. This time, the idea is related to lottery and gambling. The Lucky Block (LBLOCK) project describes itself as a crypto lottery platform where everyone is a winner. It intends to implement a worldwide lottery with players across the nations using blockchain protocols. But is this project something that you should really be interested in? After all, crypto and gambling surely sound like a perfect recipe. So, let’s take a look at this latest crypto project and see if it is as good as it sounds. Let’s get started!

Lucky Block Overview

Cryptocurrency Lucky Block
Ticker Symbol LBLOCK
Price $0.001073
Price Change 24h +20.83%
Price Change 7d -7.19
Market cap $92,351,164
Circulating Supply 37,231,694,919 LBLOCK
Trading Volume $496,362
All time high $0.009617
All time low $0.0006616
Lucky Block ROI No Data

What is Lucky Block (LBLOCK)?

Lucky Block describes itself as a worldwide crypto lottery token that implements blockchain protocols and operates on top of the Binance Smart Chain. In these cryptocurrency markets, the LBLOCK project is headed by its CEO Scott Ryder. The project says that it aims to increase transparency and fairness in online gambling. Online wagering has been accessible with the rise of the internet and smartphones. The objective for the team is to create a Lucky Block lottery system offering better win odds for the player while providing a sound strategy for the token holders who are working towards contributing to the Lucky Block community. This also enables further transparency as the initiative of the crypto lottery project can start to compete with local financial systems for gaming.

Features of Lucky Block

The biggest feature of Lucky Block (LBLOCK) is its tagline, i.e., Everyone’s a winner. This doesn’t make sense initially, as the lottery systems always have a single winner. The thing that makes everyone a winner is a fact that whether or not you are playing the lottery, as an LBLOCK token holder, you automatically receive dividends of every jackpot with respect to the holding amount of the user. Since 10% of every jackpot is redistributed to the holders, it provides holders with a way to earn just by holding the tokens. But it is mentioned on the website that for this to happen, a user must connect their wallet with the lottery app of Lucky Block to get this benefit.

Why Choose Lucky Block?

The Lucky block uses a simple method for creating a lottery system. It charges $5 for a lottery ticket which is paid with Lucky Block (LBLOCK) tokens. It allows this purchase for any user regardless of where they are bound geographically. They are starting with daily draws and planning to build it up to two draws per day. Then, using a random number generator, a winning ticket is selected to which the lottery prize is allocated.

It has a simple business model. The ticket sales and transaction fee charged funds the jackpot scheme being implemented. The jackpot prize pool is divided among the winner, charity, token holders, and the Lucky Block platform. The transaction fee of 12% is levied on all sales on decentralized exchanges. And, it bypasses regulatory hurdles by using a cryptocurrency that does not require them to report any user-sensitive data to anti-money laundering authorities. However, they are still working with Malta Gaming Authority which can help them comply with new rules and regulations in the event that the platform becomes a success.

LBLOCK Technical Analysis

Since the asset Lucky Block was listed only the past month, there isn’t much information available for the LBLOCK crypto. But we have used the available historical data to know the predicted future of Lucky Block price. The current price of Lucky Block is around $0.00592, and the current Lucky Block price is above its 20-day moving average.

Lucky Block Price Prediction

The performance of LBLOCK is not incredible, and neither is it sub-optimal. The price of Lucky Block maintained a nice upward trajectory for the most part in just a month. The initial rise in the price was due to the token going public for the first time. After hitting a low of $0.001 on February 01, 2022, the price of Lucky Block recovered and started to build upward momentum, finally reaching the price of $0.009 on February 17, 2022. Since the token is still in the early phase, the volume rise is easy to see as more and more investors have come in to buy the LBLOCK token. It is expected that the coin will continue to rise in price. After two months, traders can start using the RSI indicator to correctly trade the Lucky Block crypto with proper price levels without predicting the highest price or other price metrics. The current price of Lucky Block is trading around $0.0059. The current fully diluted market cap is $572,386,304.37.

Lucky Block Roadmap

The Lucky Block worked in four phases. The first phase involved developing the website, discord, and social media community along with the deployment of the Lucky Block token. It also meant that they had to have a marketing strategy in place and identify influencers to attract new potential investors. The second phase is the launch of the TFL campaign and raising brand awareness in London and Manchester. The presale price will be decided, and the digital asset will be able to connect the wallet using price standards. The project’s third phase was to list on PancakeSwap and develop the Lucky Block app. The third phase also includes deploying ads on Facebook and other media to drive up the campaign awareness in the general public. The fourth phase is not yet complete as it hopes to incorporate metaverse and online gaming and create a strong paid advertising campaign.

From its looks, Lucky Block seems to be focusing on rapidly expanding its presence and driving up the asset value by appearing more attractive to the crypto community and the cryptocurrency traders and investors.

Lucky Block Partnerships

The team has collaborated with Finixio and The Manc Group. Finixio is a London-based media company that covers topics in the finance, cryptocurrency, and technology space. It runs 50+ financial news websites and has 4.5 million unique visitors per month. The Manc Group is also a popular local social publisher that knows how to keep its audience entertained. The team has partnered with these groups to focus on marketing and increase the market visibility of its products and services.