As of February 11, 2022, at 18:00 (UTC+8), Lucky Block (LBLOCK) will be listed on LBank Exchange, a worldwide digital asset exchange. The LBLOCK/USDT trading pair will be publicly accessible to all LBank Exchange customers.
Since its inception, thousands of years ago, the lottery’s speculative character has captivated the public’s interest. Online lotteries, made possible by the advent of the internet, have made participation simpler and more accessible than ever before. This is a good step in the right direction, but several concerns still need to be addressed.
Lucky Block (LBLOCK) is here to develop a worldwide lottery system with participants utilizing blockchain protocols to make it equitable, more reliable, and more transparent. On February 11, 2022, its native token LBLOCK will be published on the LBank Exchange at 18:00 (UTC+8) to increase its worldwide reach and assist it in accomplishing its goals.
Lucky Block proposes a worldwide lottery where everyone wins, thanks to blockchain technologies. As an investment strategy, it aims to improve transparency and fairness in the gaming industry, create a worldwide lottery where every participant has higher chances of winning, and support good causes along with the community.
Using a centralized server to run a lottery platform is subject to hacking, and physical devices may be readily tampered with. Lucky Block uses blockchain technology to create a safe, transparent, and fair lottery system, significantly decreasing these risks.
In addition, distributed ledger technology on the blockchain enables speedier payouts and comprehensive tracking and recording of all winnings, regardless of the magnitude. Additionally, it verifies the players and their tickets, lowering the risk of data loss, deletion, or tampering with the data.
The conventional approach of running a lottery has substantial operational expenses, influencing earnings for awarding prizes and disbursing winnings. Reduced draw timings and several drawings per day will give participants more significant opportunities to win while reducing the cost of each lottery. As a result of the lower margins, participants will participate in lotteries that better match their risk tolerance.
SOLIDProof has thoroughly audited Lucky Block, which was built by an experienced team and is now spreading its impact over the globe. For this project, Jamie Jewitt collaborated with Finixio, a prominent digital media firm that manages 15+ major comparative brands spanning personal finance, cryptocurrency, and technology industries on a worldwide scale.
About LBLOCK Token
Because LBLOCK is the native token of Lucky Block, those who utilize it may benefit from features like quick payments, no transaction fees when purchasing tickets, and a cut of each jackpot payment.
One hundred billion (i.e. 100,000,000,000) LBLOCKs were created; 10% were made available for private sale, 22.5 percent for presale; 5% for marketing; 20 percent were made available to partners; 2.5 percent were allocated to the development team; 10-15% of the total were allocated to the liquidity pool; and a burning mechanism guarantees that LBLOCKs’ value will gradually rise.
For each LBLOCK sold, a total of 12% is levied, of which 4% goes to the lottery pool, 4% to liquidity pools, 3% to the NFT & gaming royalty fund, and 1% is burnt. 10% of all winnings are donated to charity; 10% is supplied for Lucky Block marketing; 10% is redistributed among token holders, and the remaining 70% is given to the jackpot winner.
For investors interested in Lucky Block investment, it will be possible to purchase and sell LBLOCK tokens on LBank Exchange at 18:00 (UTC+8) on February 11, 2022. In the long run, LBLOCK’s listing on the LBank Exchange will help it grow and reach a large audience of potential investors.
Learn More about LBLOCK Token:
Official Website: https://luckyblock.com
About LBank Exchange
LBank Exchange, which was established in 2015, is an innovative worldwide trading platform for a variety of crypto assets. Safe crypto trading, specialist financial derivatives, and professional asset management services are all available via LBank Exchange. With over 6.4 million members from over 210 areas throughout the globe, it has become one of the most popular and trustworthy crypto trading platforms.
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