How does Lucky Block (LBLOCK) crypto blockchain-based lottery system work?

Highlights

• Powered by the Binance Smart Chain protocol, the Lucky Block (LBLOCK) is one of the unique blockchain protocols with an aim to replace the traditional lottery.
• The token on 1 March was witnessing a price gain of over 5.66% and a volume gain of over 2.66%. In fact, over the past 30 days, it has witnessed gains of 182.4%.
• On 1 March, the LBLOCK token is trading at US$0.005893 with a trading volume of US$4,442,494 over a day.

Powered by the Binance Smart Chain protocol, the Lucky Block (LBLOCK) is one of the unique blockchain protocols that aims to replace the traditional lottery system. As a Web 3.0 lottery system, the LBLOCK token had hit its all-time high on 17 February and since then it has been grabbing eyeballs.

Due to its faster pay-out and transparency factor, the LBLOCK crypto with its random number generation allows a seamless payout process and cross-game assets exchange. One of the main focuses of the Lucky Block token is to develop transparency and fairness in the gaming, thereby creating a lottery system wherein each player has a better chance to win along with offering an investment strategy for token holders.

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On 1 March, the token was witnessing a price gain of over 5.66% and a volume gain of over 2.66%. In fact, over the past 30 days, it has witnessed gains of 182.4%.

How Does Lucky Block (LBLOCK) Crypto Blockchain-Based Lottery System Work ?

Why is Lucky Block rallying?

The Lucky Block crypto seems to be rallying on the back of the announcement that a major software upgrade. The upgrade is expected to levy its 12% tax on sales of LBlock tokens.

Another key feature of the upgrade is that it will bring in the bridge feature to the Lucky Block platform. The bridge feature will expose users to the Ethereum ecosystem. Besides, the Lucky Block project also announced that it will be coming out with a first-of-a-kind NFT on 11 March.

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The NFT will be a part of the Platinum Rollers Club, which will be a collection of the 10,000 pieces that will be minted for US$1,500. The NFTs will be released on a brand new NFT marketplace, that is yet to be released. Each NFT will have a unique number, which will be a ticket number that will give the NFT owners lifetime access to the marketplace.

How is Lucky Block token faring?

On 1 March, the LBLOCK token is trading at US$0.005893 with a trading volume of US$4,442,494 over a day. The token at the time of drafting was up by 5.66%. LBLOCK crypto boasts of a fully diluted market cap of US $589,316,615 and a total supply of 100,000,000,000 LBLOCK coins.

With blockchain technology allowing faster and quicker payout, the LBLOCK crypto could bring out the future of lotteries. The use of blockchain ensures that no player data is lost or tampered with, and their information about tickets remains discreet.  

The blockchain-based game also aims to reduce the high cost involved for larger prizes and ultimately benefit the players. Having said that, before making investments, one needs to weigh the pros and cons of investing in digital assets, especially cryptocurrencies.

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