1/10/2023 0 Comments Lucky blue blocks![]() Giving every holder a shot at winning the prize and rewards for participating,” said the Lucky Block website. “We wanted to give our NFTs and competitions a true, tangible rewards structure and actual utility. There were 2,484 NFTs sold of the original 10,000-token collection, with each NFT giving holders automatic entries into competitions and a percentage of the rewards pool. Lucky Block launched its first NFT collection, the Platinum Rollers Club, in March on the NFT LaunchPad marketplace. The centralised trading venue has instead implemented a 6% tax on all transactions involving LBlock.” Token holders on Pancakeswap could move LBlock to LBank to avoid paying the tax on sales enforced on Pancakeswap. ![]() “LBank was not able to implement Lucky Block's 12% tax on deposits of LBlock coming from Pancakeswap. The Lucky Block coin LBLOCK was initially listed on the LBank centralised exchange and the PancakeSwap ( CAKE) decentralised exchange ( DEX). Lucky Block said that it was the first cryptocurrency project to reach a $1bn market capitalisation in its first three weeks. “The tax is used to incentivise long-term holdings, discourage day-trading and fund the lottery prize pool,” according to the announcement. In February the developers announced a software upgrade to implement its 12% tax on sales of the LBLOCK token. James Fennell, LuckyBloc’s COO, is also CEO of NFT Launchpad and a former head of global marketing operations at digital media company Finixio. Ryder is also co-founder of DeFi Coins and CEO of StakeMoon Coin. ![]() Lucky Block was founded by Scott Ryder, the company’s CEO and a former head of sales at fintech marketing business Investoo Group. Players can earn rewards in the form of LBLOCK tokens by holding NFTs and entering competitions. Lucky Block is a platform for non-fungible token ( NFT) competitions. In this article, we explain what you need to know about Lucky Block. What is Lucky Block? What is its cryptocurrency coin used for, and how does it work? What has happened to the price of the two LBLOCK tokens? The LBLOCK V1 token price has fallen in the past two weeks, while the LBLOCK V2 token currently trades (25 August) around V1’s previous level. The prices for the two tokens have diverged. It will list both tokens on the Gate.io centralised exchange ( CEX) in September. The blockchain-based Lucky Block lottery platform has drawn the attention of cryptocurrency investors as the Binance Smart Chain ( BSC) project launched a second Ethereum-based version of its LBLOCK token this month. New LBLOCK token price rises on exchange listing.US30 US Wall Street 30 (USA 30, Dow Jones)
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