Last week we noted the Lucky Block prizepool had reached $1 million in value – that prize pool is now approaching $2.5 million as LBLOCK / USD has now broken out to make a new ATH of over $0.004.
That’s a 20x increase on its start of trading price on Pancakeswap, of $0.0002, and more for presale investors.
The fully diluted market cap is now over $400 million, with almost 25,000 token holders. LBLOCK has at times been the #1 trending token on Dextools.
Lucky Block Lottery Pool – How it Works
Part of the whitepaper on the Lucky Block website states that to reward token holders, a 12% transactional tax is imposed on sellers. Of that, a third – 4% – is reinvested back into the Lucky Block lottery fund, and part to liquidity pools, re-investment into NFTs, and the token burn.
All token holders that don’t sell win a 10% share of the jackpot distribution each time it’s hit, without needing to take part in the crypto lottery themselves.
Launching the crypto lottery is phase three of the roadmap on the Litepaper.
According to the roadmap after the creation of Lucky Block NFTs in phase four, royalties from the gaming royalty fund will also be redistributed to the community. This is summarised on a Litepaper.
Currently over 30,000 Lucky Block community members are in the official Telegram group where questions can be directed to the LBLOCK team and admins.
Cryptocurrency markets are highly volatile and your investments are at risk.