The LuckyBlock lottery platform is currently a hot coin despite a cryptocurrency boom. LBLOCK, the token used for LuckyBlock’s lottery platform, has just reached presale.
LBLOCK is a cryptocurrency that will do everything the LuckyBlock platform does, and if you invest in it, you will be able to profit from it.
By launching its cryptocurrency, LuckyBlock uses blockchain technology to revolutionize the way lotteries are conducted. As a result, the lotteries organized by LuckyBlock are much easier to win, transparent, and governed by their users.
LuckyBlock Presale Price: 0.0000002418 BNB
LuckyBlock Launch Price: 0.0000003061 BNB
Minimum Contribution: 0.16 BNB
Maximum Contribution: 400 BNB
The LBLOCK token must be purchased using Binance’s BNB (BEP-20) from the Lucky Block website or the PancakeSwap exchange once listed in February 2022.
Full current purchase instructions are available at www.LuckyBlock.com.
Token holders will purchase LuckyBlock lottery tickets with their LBLOCK tokens once the lottery launches. In order to cash out for BNB, winners can either keep their $LBLOCK to benefit from dividends or swap it back for it.
If LBLOCK is made available for sale, there will be a transactional tax applied to the sale of each LBLOCK. The daily lottery pool will receive 4% of this transactional tax, and 4% of it will go to the lottery pool for pooled jackpots each day.
12% of the tax amount will then be credited to the Liquidity pool, token burn, and the LuckyBlock NFT Fund, which is not part of the 12% tax calculation. In addition, the LuckyBlock team burns 1% of tokens for every jackpot won by a token holder in order to raise liquidity and benefit token holders as a whole.
Among the jackpots will be all the money purchased tickets, along with the additional 4% transactional tax charged for each sale of $LBLOCK between each jackpot, making the jackpot even larger.
On the LuckyBlock.com website, the $LBLOCK token presale has now begun, allowing users to acquire tokens at a discounted rate before the platform goes live.
LuckyBlock website: http://www.luckyblock.com
LuckyBlock Telegram: https://t.me/LuckyBlockChainTG
The general public enjoys playing lotteries. More than 70% of Britons alone have played the UK’s national lottery. But, according to the creators of LuckyBlock, this system is flawed:
Several companies now offer easily accessible online gaming through the internet. So it isn’t surprising that these sites are profitable and growing rapidly. For example, Binance Smart Chain provides a global lottery based on Blockchain Protocols, called Lucky Block.
We support the idea of separating the lottery from geographical boundaries and local financial institutions. Rather, our goal is to improve the integrity and fairness of gaming, providing better odds of winning to all players and providing them with a solid investment strategy for token holders.”
A lack of transparency, misleading advertising, and outright questionable behavior contribute to the public’s skepticism and distrust of gambling operators.
In general, LuckyBlock agrees with this criticism of centralized lotteries, stating that legacy lotteries suffer from unique challenges regarding customer trust, such as funding distribution, security, speed, and liquidity to pay winners.
As one example, the National Audit Office of the United Kingdom has recently drawn attention to the management of prominent UK lottery operator Camelot.
A report in December 2017 by the National Audit Office (NAO) found that over the same period, Camelot’s donations to charitable causes rose just 2%, despite the fact its profits rose 122% between 2009 and 2017.
As a result of its blockchain technology, LuckyBlock’s entire transaction history is publicly accessible. A public blockchain ledger lets anyone see where their money is going, and smart contracts ensure that it doesn’t break or be hacked.
Due to distributed ledger technology, lotteries and other gambling operators can be held more accountable for spending funds, as all the information is publicly available.
With blockchain technology, gambling operators and their customers can now bridge the trust gap between them and their customers.
Historically, large national lotteries have been referred to as “taxes on idiots” because of the high odds associated with them.
The odds of getting struck by lightning are more than three times greater than the odds of winning the Powerball (292 million to 1); for instance, a lightning strike can kill you by as much as 1.2 million to 1.
According to the LuckyBlock website, players will have a much better chance of winning with this game. A company creator says: “With LuckyBlock’s smart contract in place, we anticipate a prize amount per player ratio far greater than any lottery we have seen in the past.”
In part, because $LBLOCK tokens, which entered the lottery, are converted into shares of every single jackpot prize, everyone who holds a share of the prize will receive a share of it.
Due to the blockchain technology used by LuckyBlock, the method in which their jackpots are distributed will be completely transparent to the public, allowing them to see how their jackpots are distributed.
We will choose the winners through RNG (Random Number Generator) and distribute the funds by distributing them on the blockchain, ensuring fairness and transparency.
LuckyBlock CEO Scott Ryder explains this more specifically: “Investing in LuckyBlock is like owning a stake in the lottery.” The investor will receive a percentage of every jackpot won – based on the amount of their ownership.
So whether or not you choose to participate in our lottery, you will receive an ownership stake for your participation. That is why we have the tagline – We pay you to play, and we pay you not to play!”
As a result, LuckyBlock claims token holders will receive an annual dividend of around 25% based on this model, making it a potentially lucrative investment strategy for investors and prize-hungry gamblers alike.
Blockchain technology will also make it possible for a large amount of money to be donated to charity, which can be tracked and identified.
To fully understand how the Lucky Block lottery works, we must review how the LBLOCK token – Lucky Block’s version of the classic lottery ticket – is designed.
LuckyBlock’s native cryptocurrency token, LBLOCK, is a digital token that can be purchased and used as a ticket to get into the LuckyBlock website.
Assuming that you wanted to participate in a traditional lottery, your entrance would typically consist of buying a lottery ticket from a local store.
The LuckyBlock platform, on the other hand, does not require you to purchase a ticket from a shop. Instead, you purchase LBLOCK cryptocurrency tokens on its website or cryptocurrency exchanges at a later date. The tokens can then be redeemed via their website or mobile app to purchase tickets.
In contrast to traditional lotteries, this process is much more efficient for LuckyBlock, which means lower costs for the company, allowing it to reward holders and lottery participants more than it could have done with a traditional lottery.
LuckyBlock youtube video: https://youtu.be/OGEyaH4yUuw
English Language professional with a vast experience teaching English as a second language, English translator to Spanish, Cryptocurrency enthusiast, interested in geopolitics and economy.
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