LBLOCK V2 Token

LBank exchange will support the migration of Lucky Block’s version two (V2) token to its trading platform later this month.

Find the LBLOCK / USDT trading pair on LBank at this link.

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Lucky Block V2

Lucky Block has two token versions, V1 and V2. This is how they work:

  • V1 is a BEP-20 token for DEXes (decentralized exchanges)
  • V2 is an ERC-20 token for CEXes (centralized exchanges)

V2 was implemented in July 2022 with no tax on transactions – and also no rewards from the jackpot pool. Making it more suited to short term day trading and speculation on centralized exchanges.

Both V1 and V2 are referred to with the same ticker symbol LBLOCK and price parity between the two is maintained by an Ethereum bridge with a mint / burn mechanism. Read more on the Lucky Block blog.

The V2 Ethereum token makes it easier for centralized crypto exchanges to list Lucky Block, opening it up to a wider audience and increasing liquidity, while the original rewards program and tokenomics are still kept intact on decentralized exchanges for long-term investors.

So far Lucky Block is listed on one DEX, PancakeSwap, and one CEX, LBank, which will support the V2 token from July 25th onwards.

More CEX listing are also set to be announced in July – which could lead to a price rise for the LBLOCK token. One has already been confirmed so follow the Lucky Block Telegram to be ready for that announcement to drop.

Lucky Block is currently green on the day, alongside the recent Bitcoin pump over $21,500, trading back at around $0.001. Low market cap altcoins should perform well in the coming weeks with Bitcoin showing signs of recovery.

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