Michael Abetz
Lucky Block crypto project CEO Scott Ryder has announced a monthly 1% token burn of the LBLOCK supply starting September 30th, 2022.
The LBLOCK V1 token price is currently priced at $0.00051, up over 40% from its 2022 low of $0.00036. The LBLOCK V2 token price is trading at $0.0008 – $0.0009.
LBLOCK Burn
In the message posted to the Lucky Block Telegram Ryder stated:
Several weeks back, we finally settled on a strategy to overcome various issues and you have seen those reworked milestones of our product roadmap being delivered.
- The final piece of our near-term plan – the Ethereum bridge – will be delivered on 3rd October.
- The NFT competitions platform has been launched. We are currently working to deliver the rewards system for the NFTs you buy to enter the competition draws.
- LBLOCK is now listed on 3 major exchanges with more to follow.
- The jackpot is running daily and we have plans to fully decentralise the product as a DAO.
- We will be begin a monthly 1% burn programme on 30th September to support the LBLOCK price.
- We will have some exciting Web3 partnerships to announce.
There has been a lot of uncertainty – and dare I say FUD – hanging over the project. As always the best rebuttal is to deliver the product. To that end my team has been hard at work delivering and executing, so a special thanks to Terence on that and our Mods for their polite patience in dealing with an understandably at times frustrated community.
Earlier this week the LBLOCK price moved up over 30% when it was announced that the upcoming ETH bridge to allow conversion between the V1 and V2 tokens will be completed October 3rd.
Token burns to make the total supply of a crypto asset deflationary are popular with investors – Terra Classic (LUNC) rallied over 100% this week after its 1.2% token burn proposal was voted for.
LBLOCK V1, a BSC token, is listed on PancakeSwap, and the project’s ERC20 V2 token is listed on Gate.io, LBank, MEXC and Uniswap. Both share the same fixed maximum supply.
The project’s Platinum Rollers Club NFTs are listed at launchpad.xyz.
Related
- Lucky Block Ethereum Bridge for LBLOCK V1 and V2 Launches 3rd October
- Lucky Block V1 Price Pumps 30% – Most Undervalued Crypto Right Now?
- Lucky Block V2 Price Prediction
Lucky Block - Undervalued Crypto
- Listed on Gate.io, LBank, MEXC, PancakeSwap
- NFT Competitions, Jackpot Draws
- Powers Casino & Sportsbook Platform - luckyblock.com
- 10,000 NFTs Minted
- $2M+ in Prizes Awarded
This article was written for Business 2 Community by Michael Abetz.
Learn how to publish your content on B2C
Join our Telegram channel to stay up to date on breaking news coverage
Add B2C to your Google News Feed
Discuss This Article
Add a New Comment /Reply
Thanks for adding to the conversation!
Our comments are moderated. Your comment may not appear immediately.