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buy LBLOCK moonshot
Lucky Block (Twitter.com/luckyblockcoin)

Disclaimer: The Industry Talk section features information from crypto industry players and is not part of the editorial content of Cryptonews.com.

Everyone loves a good competition and the Lucky Block Cryptocurrency Project (LBLOCK) is perhaps the most popular NFT competition platform on the planet. The project has been extremely popular with investors and users, and has even been listed on many top exchanges in recent months.

What is Lucky Block?

The platform hosts a multitude of sweepstakes, each at a different prize, and each offering a wide range of jackpots. Some of the most exciting Lucky Block prizes include $1 million in Bitcoin, an actual Lamborghini, and even a luxury property valued at $1 million. With even more competitions with huge new prizes already in the works, it will be interesting to see what jackpot is announced next.

Lucky Block Website
Lucky Block website (LuckyBlock.com)

Each Lucky Block contest can be entered by purchasing an NFT of Launchpad.xyz which takes the form of an entrance ticket with a unique design and number. The price and the maximum number of NFT tickets is proportional to the potential jackpot of a competition. Moreover, even after the conclusion of a specific draw, the NFT still provides its holder with a portion of the reward pool on a daily basis.

Lucky Block as an investment

Lucky Block is packed with huge prizes, and after announcing signup after signup on some of the top centralized exchanges, a plethora of people flocked to the platform in order to participate in its prestigious draws.

LBLOCK V2 Daily Stats
LBLOCK V2 Daily Stats (CoinMarketCap.com)

This has led to an increase in demand for the LBLOCK token, and as the token’s scarcity is set to increase thanks to the announcement of the monthly Lucky Block burn program, things are looking pretty bright for the asset. digital. Starting September 30, 1% of LBLOCK supply will be burned monthly.

With the release of the V1 to V2 token bridge shortly after October 3rd, we could see a huge ramp-up for LBLOCK over the next few weeks. Over the past day, the LBLOCK V2 token has seen an almost 4% increase in value along with a whopping 35% increase in 24-hour trading volume. As the launch of both the burning program and the bridge closer, we might even see big jumps in the days to come.

With the hype surrounding Lucky Block being insurmountable and the first burn removing over 35 million tokens from circulation, now could be the perfect time to stock up on LBLOCK.

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