Lucky Block is one of the most exciting cryptocurrencies that will be available for sale in 2022. It has been designed to deal with traditional lottery systems in an innovative way. By utilizing blockchain technology, Lucky Block is poised to revolutionize the online gaming industry, while providing investors with a fantastic opportunity to leverage their investment dollars.
Let’s have a look at how Lucky Block has been progressing so far, and then we are going to discuss whether it’s the best new cryptocurrency to invest in in 2022.
What is Lucky Block?
Lucky Block is a decentralized gaming platform based on the blockchain. The platform enables players to generate random numbers for gameplay, ensure transparency, and provide payout mechanisms and cross-game asset exchange.
The Lucky Block platform relies on a decentralized smart contract framework in which the generation of random numbers, the calculation of rewards, and the distribution of funds happen fairly.
During the development of the Lucky Block, the designers said that they strongly felt that the lottery should not be determined by geography or limited by the banking systems of specific locations. In place of this, they are focusing more on transparency and the fairness of the game by creating a lottery system where participants have a greater chance of winning while also offering a wonderful investment prospect for token holders and working to help the community as a whole.
Cryptoassets are highly volatile unregulated investment products.
The Journey So Far
- Lucky Block has been on a presale phase since 2021 Q4.
- Tokens worth 32.5 billion have been offered for 60-90 days to allow early adopters to avail themselves of an advantageous rate.
- Even though it has not yet been released, users can purchase Lucky Block tokens for 0.0000002418 BNB each, according to the presale page.
- According to the Lucky Block website, 20-25% of presale launch proceeds will be allocated to the liquidity pool via a 1-year smart contract lock-up.
The white paper from Lucky Block can be found on this website https://luckyblock.com/whitepaper/
Why Invest in Lucky Block?
Protection against data loss
The Lucky Block token, powered by blockchain technology and an open-source, decentralized database, keeps track of information on a network of computers when the person considering purchasing the coin signs up as part of the blockchain. It is going to make it easier and faster for the winners to receive their prizes, as well as provide more secure data.
Draws with a higher number of winners
Due to the fact that it will shorten the time between draws, Lucky Block Coin will allow for multiple draws per day, unlike existing lottery systems. Consequently, there will be a greater chance of a winner of the lottery.
Wins are paid out quickly
The payout process with Lucky Block currency operates in a different way from other lottery setups where payouts are usually a lengthy but tedious procedure. With Lucky Block currency, payout processes are readily validated and processed throughout the whole process. This is because blockchain technology makes it easy to track and document these payments.
Lucky Block Crypto Lottery
With Blockchain technology and voting polls on every purchase, the Lucky Block lottery ensures that every buy will have transparent and fair results, allowing everyone to be a winner.
Through LBLOCK, the native LuckyBlock’s cryptocurrency token, you can purchase a virtual ticket to enter the website and access the LuckyBlock ecosystem. Comparing this to traditional lotteries where it is usually necessary to buy a ticket from a local store in order to participate, we find that this is the exact opposite.
There is no need to purchase a ticket from a shop if you are using the LuckyBlock platform. Rather than purchasing your LBLOCK cryptocurrency tokens today, you can purchase them later at a later date from LBLOCK’s website or from cryptocurrency exchanges. It then becomes possible to redeem the tokens via their website or mobile app which will allow you to purchase tickets.
LuckyBlock’s method is more efficient than traditional lotteries because of the lower costs that it incurs as a result of its use of this process. This has allowed it to reward lottery holders and participants more than it could have done with a traditional lottery.
Lucky Block Presale
Due to the fact that this digital asset is still in the presale phase, the Lucky Block token is currently not listed on the most popular exchanges such as Binance. As a result, you should expect to find Lucky Block available as soon as the presale ends on February 1st, 2022. This is because the token is coming with fabulous use cases like the ones mentioned above. In the meantime, you can Join the free Lucky Block telegram group to discuss the pre-sale with others. Get more information about the pre-sale via the free Lucky Block telegram group.
Cryptoassets are highly volatile unregulated investment products.
How to Buy Lucky Block
First of all, before buying Lucky Block is to create your crypto wallet if you don’t have one yourself. Most wallets are free and available to download from app stores like Android or iOS or used through a browser extension.
1. Buy BNB
After getting your crypto wallet, it is advisable to buy Binance coins. Why this instrument? It is the favorite payment method to get the Lucky Block, for which you will need to have some BNB to buy it. Please go to the Binance exchange to buy Binance coins to transfer them to your wallet.
2 Visit Lucky Block Pre-sale Website
Go to the Lucky Block website to link your wallet. Please click the “buy now” button to open the purchase page. Subsequently, press the “unlock wallet” button to choose yours. Then, link it and buy Lucky Block coins.
3. Buy Lucky Block
Finally, insert the amount you wish to purchase once your wallet is fully funded. To complete the purchase, follow the instructions available on the Lucky Block website. After following these steps, the equivalent value of the Lucky Block coins will be deposited in your wallet in a matter of minutes.
Where Has Lucky Block Been Featured?
There are many innovative uses of the token that have increased its popularity to the point that it has been reported and covered by major media outlets.
The Herald Scotland ranked it as one of the 2022 five best cryptocurrencies to invest in. In its review of the token, the English media points out that the most distinguishing feature of the cryptocurrency for players is its security, which is in addition to its removal of geographical restrictions.
Similarly, India’s leading financial newspaper, The Economic Times, has noted that this token will significantly impact the cryptographic industry in 2022. As a result, this economic portal has decided to place crypto at the top of its list of promising tokens to pay special attention to in the coming months, bringing to attention the connectivity and legitimated nature, which this crypto provides.
Finally, we can mention yet another mention that has stood out among all the other media releases about Lucky Block published on the platform over the last few days. The Yahoo Finance site highlighted the insidebitcoins.com review that places the token as the best cryptocurrency to buy in 2022.
The report points out that industry observers express that this token is about to change the history of lotteries radically. This is because of the ease of winning compared to its traditional peers and the enhanced amount of transparency that the blockchain protocol will bring about.
Cryptoassets are highly volatile unregulated investment products. Lucky Block is not connected to Lucky Block Network LBN.
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Omar Ortiz
Freelance Writer
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