Lucky Block Raises $2.5 million – Is it the Best New Cryptocurrency to Invest in 2022?
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Lucky Block is an online blockchain-based global lottery network that aims to upend the industry. It will be safe and transparent, which at a stroke removes the problem of trust.
Plus, it also boasts features that no other lottery has, such as sharing profits with all token holders and allowing them to vote on how the lottery is run, such as which charities to support.
Not surprisingly, it has caught the attention of the cryptoverse. A sign of that is the $2.5 million already raised in the Lucky Block presale.
Lucky Block is a great example of a use case that is well-aligned with the advantages that blockchain technology can offer.
Read on for why Lucky Block could well be the best new cryptocurrency to invest in 2022
What is Lucky Block?
Lucky Block is a global lottery platform built on the Binance Smart Chain blockchain.
With tickets accessible by anyone with a crypto wallet and the Lucky Block (LBLOCK) token, the platform will hold daily draws.
Transparency and fairness are at the heart of Lucky Block. The unique characteristics of blockchain technology are utilised in such a way that everyone can see where, for example, money for good causes is going.
More than that, the LBLOCK token puts power into the hands of the token holders to decide which charities to support. Lucky Block is revolutionising the fast-growing lottery sector.
The Journey So Far
The Lucky Block Telegram group already has over 16,000 members and continues to grow rapidly. Such has been the demand in the presale, it could be forced to end early. There’s still time to jump onboard.
Below we list key milestones already achieved and those to come:
- Presale launched on 1 December 2021
- $2.5 million has been raised so far
- Pancakeswap Launch 1st Feb 2022
- Coingecko Launch Feb 2022
- Coinmarketcap Launch Feb 2022
- Token Audited By: Solid Proof https://solidproof.io
- Whitepaper: https://luckyblock.com/whitepaper
- Telegram Group: https://t.me/LuckyBlockChainTG
Why Invest in Lucky Block?
Better chance of winning
The daily ticket draws will be based on odds that are far more favourable to entrants than those provided by current national lotteries.
The improved winning odds are possible because of the cost savings that are made by operating the lottery on blockchain technology, which means the overheads are much less.
Those savings are passed on to the owners of Luck Block coins.
Security and ease of use
A blockchain is a distributed ledger, where transaction data is stored on a decentralised system.
Each transaction is verified cryptographically on a trustless system, where ‘smart contracts’ are deployed on top of the chain to create applications that interact with the outside world using predefined business logic.
Because Lucky Block is built on such a system, it combines rock-solid security with ease of use.
With Lucky Block, providing your wallet is secure, there is no need to worry about losing your lottery ticket.
Also, the funds from which prizes are paid reside at addresses on the blockchain for all to see.
Entering the lottery is easy – just buy tickets using your LBLOCK tokens.
And when it comes to payouts, that’s instant too, so no need to take your ticket to local shop or wait for a website to cough up your winnings.
The Lucky Block app is in development now and will provide a seamless way to interact with the platform.
Holders of the Lucky Block coin are accorded voting rights as well as rights to a share of the profits made by the lottery.
The Lucky Block team estimate that with half of its community purchasing $5 of tickets a day, LuckyBlock says token holders can expect to earn an annual dividend of around 25%, making it a solid investment strategy for the investor as well as the prize-hungry gambler. This will also see a large amount given to charity, all trackable and identifiable on the blockchain.
Everyone that holds $LBLOCK tokens is entitled to a share of every single jackpot prize.
A say in how the lottery is run
Lucky Block coin’s governance features mean token holders will be able to vote on how aspects of the lottery platform are run and proposals for improvements.
In addition, token holders can vote on the charitable causes they want Lucky Block to support. This feature is in stark contrast with traditional lotteries where all such decisions are taken centrally by the operator of the lottery.
In the UK Camelot was the subject of a report by a government department. Among the findings of the 2017 report was the fact that while profits increased the proportion given to good causes fell.
Camelot’s profits jumped 122% to £71 million between 2009 and 2017, but during the same period the National Audit Office report in December 2017 found that the Camelot’s grants to good causes rose by only 2%.
Transparency and fairness
Lucky Block uses a random number generator to select winning ticket. This, combined with unparalleled transparency afforded by being run on a public blockchain, makes it a totally open and transparent system.
All transactions are recoded on the public blockchain and can viewed by anyone with internet access.
LuckyBlock is completely transparent with how its jackpots are distributed and thanks to blockchain technology.
Here is the distribution breakdown:
- 70% to the winners
- 10% back to $LBLOCK token holders
- 10% to charity
- 10% to LuckyBlock for marketing
Lucky Block Crypto Lottery
Although online gambling has exploded, so too have the complaints from consumers about how the lack of transparency in how they are conducted, late payments or in some cases a refusal to honour winning tickets or positions. Lucky Block solves all these trust problems.
As well as being secure, transparent and fair, Lucky Block also has global reach. Although it is possible for someone non-resident in the jurisdiction in which a lottery is held to buy tickets, it is a hassle to do so.
Lucky Block solves the problem of localism with its vision to build a global lottery open to everyone on the globe who has a smartphone and a crypto wallet.
Lucky Block Presale
The Presale began on 1 December and continues until 1 February 2022. Tokens are selling fast.
You can buy the LBLOCK token in the presale right now simply by connecting your crypto wallet on the presale page of the Lucky Block website.
Presales are a way for crypto projects to raise funds from investors and anyone can take part.
For a step-by-step guide on how to buy Lucky Block token, see guide below.
How to Buy Lucky Block
1. Fund crypto wallet with BNB
First of all you must use Binance’s BNB (BEP-20) coin to purchase LBLOCK directly from the LuckyBlock website, or via the PancakeSwap exchange once listed in February 2022.
2. Connect to the LuckyBlock site
If you are using Metamask, make sure you change to Binance Smart Chain. Trust Wallet is a good alternative choice of wallet because of tighter BNB integration.
You connect your wallet to Lucky Block at: buy.luckyblock.com.
3. Transfer funds to LuckyBlock presale
Transfer the funds you wish to invest by filling in the amount of BNB you want to invest in the field in the ‘Buy’ box on the Lucky Block website.
Minimum amount is 0.16 BNB and maximum is 400 BNB.
4. Click ‘Buy now’ button
After entering your Lucky Block token purchase amount, denominated in BNB, click the ‘buy now’ button.
To see how many tokens you have bought, in Metamask click ‘import tokens’ (or in Trust Wallet search for LBLOCK), add the following contract address:
…and then click ‘add custom token’ button.
LuckyBlock Presale Price:
LuckyBlock Launch Price:
Where Has Lucky Block Been Featured?
Lucky Block is being covered on top-tier websites such as the Herald Scotland.
Lucky Block was also mentioned in the Economic Times as one of the best new cryptocurrencies for 2022.
Lucky Block token is audited by highly-regarded smart contract security company Solid Proof.
The best way to stay in touch with Lucky Block developments is to join its official Telegram channel: https://t.me/LuckyBlockChainTG
Corporate launch partners are Finixio Ltd and The Manc Group.