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Highlights
- Lucky Block (LBLOCK) is primarily a worldwide lottery system for players using blockchain protocols.
- Powered by the Binance Smart Chain blockchain network, it aims to bring in security, transparency and fairness while creating a global lottery system wherein every player has better chances of success.
- On 17 February, the LBLOCK token was trading at US$0.008329 with a trading volume of US$9,207,134 over a day.
Lucky Block (LBLOCK) is primarily a worldwide lottery system for players using the blockchain protocols. Powered by the Binance Smart Chain blockchain network, it aims to bring in security, transparency and fairness while creating a global lottery system wherein every player has better odds to win.
With blockchain networks expanding to the gambling and lottery sector, the decentralized application, with random numbers generation, takes care of the payout processes and cross-game assets exchange. The token was recently added on to the centralised crypto exchange, Lucky Block, ahead of the lottery’s March 21 launch.
Lucky Block (LBLOCK) Crypto: Why Is It Trending?
On 17 February, the token was seeing a rally of over 15% with a volume spike of 2% at the time of writing, according to CoinMarketCap.
Why is Lucky Block rallying?
After setting its all-time high of US$0.0074 on 11 February, the Lucky Block crypto, once again set a new all-time high on 17 February of US$0.00870228. In fact, LBLOCK had an impressive run over the past 14 days witnessing gains of over 700% in the past 14 days.
Over the past seven days, it has witnessed gains of over 135% indicating a bullish run in the token, according to CoinGecko. In fact, ever since it was launched on PancakeSwap on 26 January it has been on a high.
According to the website, LBLOCK’s total supply stands at 100 billion. The LBLOCK protocol also has a burning mechanism, which ensures that the value of the LBLOCK token increase.
How is Lucky Block token faring?
On 17 February, the LBLOCK token was trading at US$0.008329 with a trading volume of US$9,207,134 over a day. After setting the all-time high, LBLOCK seems to have pulled back a bit. At the time of drafting, it was up by 15.47%. The 2876th ranked token has a fully diluted market cap of US $823,441,746.
Backed by a strong team led by its CEO Scott Ryder, the Lucky Block protocol aims to create a worldwide lottery which could perhaps replace traditional lottery system. As a Web 3.0 lottery system, the Lucky Block does boast of superiority over traditional online and offline lottery systems due to faster pay-out and transparency factor.
The next few weeks will be key for LBLOCK token as it looks to increase the liquidity ahead of the proposed Binance listing. LBLOCK investors would be buoyed by the rally, it could become a leader in the blockchain-based lottery soon.
