In the crypto world, a new player has emerged. The idea is related to gambling and the lottery. Lucky Block NFT (LBLOCK), a project that uses crypto lottery platforms, describes itself as a platform that allows everyone to win. It plans to create a global lottery that will be open to all players in the world using blockchain protocols. Is this something you should be interested in? It sounds like the perfect combination of crypto and gambling.
What is Lucky Block NFT?
Let’s first explain the workings of the Lucky Block NFT collection. Lucky Block is a blockchain-based token that can be used to play online lottery games. Lucky Block is a revolutionary way to play the lottery. All players have equal chances of winning.
This project is intended to harness the power of new technologies created on the Binance Smart Chain in order to promote fairness, transparency, and fairness during the lotto draw process. It’s built on blockchain so all transactions are accessible in public ledgers. This ensures that everyone is treated equally. It is virtually fraud-free and all winners are selected by chance.
In just a few months, this new approach to lottery games created a strong community. This led to the creation of a unique collection of NFTs. Although the LBLOCK token has yet to be listed on the markets it appears that it will continue growing steadily. The current value of the lottery prize pool is $5.5 million and the diluted market capitalization at $530 million. Since its initial release, the token has made a significant leap forward. The latest additions to the platform will undoubtedly drive the price higher in the future.
Lucky Block NFT Technical Analysis
Lucky Block, the asset that was listed in the last month, is not yet available. We have used historical data to predict the future price of Lucky Block. Lucky Block’s current price is $0.00592 and Lucky Block’s current price is higher than its 20-day moving mean.
The performance of Lucky Block is not exceptional, but it is also not sub-optimal. Lucky Block’s price maintained a steady upward trend for most of the month. The token’s first public launch caused the initial price rise. Lucky Block’s price dropped to $0.001 on February 1, 2022. However, it recovered quickly and began to rise. It reached $0.009 on February 17, 2022. The token is still in its early stages, so it is easy to see the volume rise as more investors come in to purchase the LBLOCK token. The coin’s price will likely continue to climb. The RSI indicator can be used by traders to trade Lucky Block crypto at the correct price levels. It does not predict the highest price or any other price metrics. Lucky Block currently trades at $0.0059. The market cap for Lucky Block is currently $572,386,304.37.
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Lucky Block NFT Roadmap
The Lucky Block NFT was implemented in four phases. The website was developed, discord and a social media community were all part of the first phase. Along with the deployment of the Lucky Block token, the second phase included the development of the Lucky Block token. They also had to develop a marketing strategy and identify influential people to attract potential investors. The launch of the TFL campaign in London and Manchester is the second phase. The presale price will be determined and the digital asset will allow you to link the wallet with price standards. The Lucky Block app was developed and listed on PancakeSwap’s third phase. To increase campaign awareness among the general public, the third phase includes the deployment of ads on Facebook and other media. It is still in its fourth phase, but it aims to include metaverse and online games and create strong paid advertising campaigns.
Lucky Block appears to be focused on expanding its reach and increasing asset value, based on its appearance to investors and crypto traders.
Lucky Block NFT Benefits & Features
Daily NFT Lottery Draw
Lucky Block NFT offers lifetime access to the NFT lottery draws that take place every day. This is one of the biggest benefits of buying Lucky Block NFT
Lucky Block holders only have access to this draw.
The jackpot amount will be equal to 2% of the main draw’s value, which is approximately $10,000.
You will also get double the amount if you are lucky enough to win the jackpot with one of Lucky Block’s 25 Rare Non-Foot Pieces.
Rare Collectible Pieces
Lucky Block NFT players can have one of 25 rare collectible pieces when they purchase a Lucky Block. The purchase of a Lucky Block NFT will not reveal whether you have acquired a rare piece.
Rare pieces holders also get certain perks such as winning double the jackpot in the lottery draw.
Lambo Draw
Lucky Block NFT holders have the opportunity to win a $270,000 Lamborghini car. After all 10,000 NFTs are sold, the draw for ‘Win a Lambo’ will be held.
A transparent random number generator program will determine the winner. It will be broadcast live on Lucky Block Telegram group.
Limited Tokens
We mentioned that there are only 10,000 Lucky Block NFTs and developers reported that this number would be the final.
Each NFT is unique because there are only a limited number of tokens. This gives each NFT an intrinsic value over the long-term. Experts believe that Lucky Block NFT’s price will rise significantly because of this.
Lucky Block NFT Partnerships
The Manc Group and Finixio have collaborated with the team. Finixio, a media company based in London, covers topics related to finance, cryptocurrency and technology. It hosts 50+ financial news websites, with 4.5 million unique visitors each month. Popular local publisher The Manc Group knows how to entertain its audience. These groups have been partnered by the team to help with marketing and improve market visibility for its products and services.
Why invest in Lucky Block NFT?
In 2022, cryptocurrency, blockchain, decentralized finance (DeFi), and NFTs are gaining popularity. Institutions that were skeptical about the digital asset like Goldman Sachs are now more open to it. The total crypto market cap reached $3 million in 2021. This was followed by a new high of $69,000 for institutional adoption.
Altcoins have experienced large valuation increases, surpassing stocks and hedge funds in terms of yearly return of investment (ROI). Some altcoin projects are unsuccessful, but others succeed and reach the billions. The top 10 altcoins have a market capitalization between $12 billion to $360 billion. This is higher than many investment banks.
Names such as Ethereum (ADA), Solana(SOL), Ripple [XRP], Avalanche (“AVAX”), Polkadot “DOT”), Polygon (MATIC”) and Terra (LUNA) are all included. These projects are not related to crypto lottery, but some altcoins such as Dogecoin or Shiba Inu have also reached the top 20 valuations in less than a year.
If a crypto lottery project is successful, it could experience a rapid rise in market cap either through celebrity endorsement (as in the case with DOGE and SHIB) or mass adoption.
The global lottery market was valued at $301 billion in 2019 according to Verifiedmarketresearch.com and is projected to reach $378 billion by 2027. Top 10 altcoins would include a crypto lottery token that could capture 5% of this market share. The Express in the UK published a Lucky Block article, speculating that its global lottery format could ‘dwarf’ the Euromillions.
Lucky Block token owners also get a percentage from the crypto lottery jackpot payout regardless of whether they play in the Lucky Block lottery. This incentive is great to keep. At the time of writing, the LBLOCK lottery jackpot prize pool is approximately $1 million.
A 12% transactional sales tax is another incentive. 4% of this is reinvested in the lottery pool, 4% into liquidity funds, 3% into NFT and gaming royalties funds and 1% is added to token burn. This rewards token holders and decreases the risk of altcoin price volatility.
Lucky Block applied to be listed on larger exchanges like Binance Kucoin and FTX. This could lead to an increase in Lucky Block’s price.
Price Prediction
The minimum price for the LBLOCK cryptocurrency was set at the time it was first listed. There are no signs that the current trend will turn to a lower level. Lucky Block’s price prediction for 2022 shows that the minimum expected price of LBLOCK will be $0.008. The average price is the same with a maximum of $0.009. This indicates that the price will remain relatively stable through this year, and possibly next year.
Conclusion
We have now covered the main information about Lucky Block and its 10,000 unique NFTs. The project’s developers have done extensive research and created a decentralized lottery token with over 43,000 members.
This is the best time to purchase Lucky Block NFT and be an early investor. All token holders will be able to trade their tokens on both the BSC and Ethereum markets once the V2 is released. Lucky Block is one the most promising crypto projects of 2022. Don’t delay and get your Premium Rollers Club NFTs from the NFL Launchpad Marketplace today.
