Lucky Block has become one of the most sought-after cryptocurrencies to launch this year, offering an array of exciting ownership benefits and the chance to profit from value increases. With multiple compelling updates scheduled for the near future, now could be the ideal time to add Lucky Block to your investment portfolio.
In this guide, we’ll discuss how to buy Lucky Block token in detail, covering everything you need to know about this exciting crypto before showing you how to make your investment today – in five easy steps.
How to Buy Lucky Block – Quick Steps
Investing in Lucky Block involves a slightly different process from when you buy Bitcoin. The five quick steps below will walk you through the process to buy the original version of LBLOCK through PancakeSwap:
- Step 1 – Set Up a Crypto Wallet: Open up a BSC-compatible crypto wallet, such as MetaMask or Trust Wallet, and fund it with BNB.
- Step 2 – Connect to PancakeSwap: Go to the PancakeSwap homepage, click ‘Connect Wallet’, and follow the on-screen instructions to link your wallet to the exchange.
- Step 3 – Specify LBLOCK Contract Address: Paste the Lucky Block contract address to be taken to the relevant listing page. The correct address is: 0x2cD96e8C3FF6b5E01169F6E3b61D28204E7810Bb
- Step 4 – Confirm Investment: Enter the amount of BNB you’d like to swap for LBLOCK in the order box and confirm the trade.
- Step 5 – Transfer LBLOCK to Crypto Wallet: You may have to transfer your LBLOCK to your crypto wallet – if so, you can do this by importing the token using the contract address specified in Step 3.
Cryptoassets are a highly volatile unregulated investment product.
How to Buy Lucky Block Crypto Tutorial
As a promising crypto investment, many crypto-hungry traders want to add LBLOCK tokens to their portfolios. But just how do you do this exactly?
As you can see, the process to buy Lucky Block coin is slightly more complex due to it being listed on a decentralized exchange rather than a centralized exchange. Presented below is a more detailed walkthrough of the investment process to ensure you’re completing everything correctly:
Step 1 – Set Up a Crypto Wallet
Since Lucky Block v1 is hosted on the Binance Smart Chain, you’ll need to set up a crypto wallet compatible with this blockchain. Numerous wallets have this functionality, although two of the best options are MetaMask and Trust Wallet – both of which are free to use. You also be able to use this crypto wallet to buy Lucky Block NFTs.
Step 2 – Buy Binance Coin (BNB)
Next, you’ll need to purchase some BNB to facilitate your LBLOCK investment. You can easily buy Binance Coin using a reputable broker or exchange, after which you can transfer your holdings into your crypto wallet.
Step 3 – Connect Wallet to PancakeSwap
Navigate to PancakeSwap’s homepage and click ‘Connect Wallet’. Choose your wallet provider in the box that appears and then follow the on-screen instructions to connect to the exchange.
Step 4 – Specify Lucky Block Contract Address
Click ‘Swap’ and then click on the bottom token in the order box. Enter Lucky Block’s contract address (0x2cD96e8C3FF6b5E01169F6E3b61D28204E7810Bb) in the pop-up menu that appears to set up the BNB to LBLOCK transfer.
Step 5 – Buy Lucky Block Token
All that’s left to do is enter the amount of BNB you’d like to exchange for LBLOCK into the top section of the order box. Once you are happy with everything, you can confirm the exchange. You may need to manually transfer your new LBLOCK tokens to your crypto wallet, although this can be completed easily by importing them using the contract address noted above.
Cryptoassets are a highly volatile unregulated investment product.
What is Lucky Block Crypto?
Now that you have a clear understanding of the investment process, let’s dive in and discuss what Lucky Block crypto actually is. Put simply, Lucky Block is a revolutionary ‘crypto-gaming’ platform that looks to offer a better experience for entrants.
As one of the most undervalued cryptos and the best crypto winter token, Lucky Block aims to achieve this by leveraging the power of the Binance Smart Chain to offer a fairer and more transparent process. Since the Lucky Block platform is hosted on the blockchain, all transactions that occur will be visible through the public ledger. Not only does this reduce (or remove) the chance of fraud occurring, it also ensures that competition winners are clear and unequivocal.
In addition, Lucky Block looks set to be one of the best ERC20 tokens as well as one of the best altcoins to invest in this year due to the platform’s ability to eliminate geographical boundaries for entrants. In turn, this helps enable daily prize draws with higher odds of winning for each contestant.
As detailed in the Lucky Block whitepaper, the platform is made operational through LBLOCK – Lucky Block’s native token. The token is used for numerous tasks within the Lucky Block platform, such as purchasing tickets and for prize distributions. Notably, when you buy Lucky Block coin, you’ll actually be investing in LBLOCK.
LBLOCK was listed on PancakeSwap in January 2022, after an incredibly successful pre-sale phase that saw the allocated tokens sell out nearly two weeks ahead of schedule. After launching on PancakeSwap, LBLOCK’s price surged by over 3,200% from the pre-sale price, reaching a fully-diluted market cap of over $500 million.
The remarkable success of LBLOCK since listing on PancakeSwap has paved the way for numerous exciting updates. The Lucky Block roadmap details plans to apply for listings on major centralized exchanges (CEXs), including Binance, Crypto.com, and FTX. Furthermore, the release of LBLOCK v2 has made the token even more appealing to active traders – and since it uses the ERC-20 standard, LBLOCK is now compatible with the Ethereum blockchain.
Why Buy Lucky Block Coin?
Similar to when you buy Bitcoin, there are numerous reasons to consider investing in Lucky Block. Presented below are five of the main advantages of owning LBLOCK this year:
Revolutionizing the Lottery
As touched on previously, the foundation of the Lucky Block platform revolves around improving the current lottery experience. This aspect has already attracted the attention of the media and retail traders, with the Lucky Block Telegram group now containing over 45,000 members.
Upcoming Exchange Listings
The substantial price increases noted in the weeks following LBLOCK’s listing on PancakeSwap have paved the way for more exciting exchange listings in the future. Lucky Block’s dev team have set their sights on applying for listings on some of the best crypto exchanges, including Binance, Crypto.com, and FTX.
Listings like these have already begun, as LBLOCK v2 was listed on LBank on July 25th. But LBank has also listed HODL coin. In addition, LBLOCK will also be available through MEXC from August 1st – with 5-6 more CEX listings planned for the months ahead.
Exciting Future Plans
Another reason to buy Lucky Block coin is the development team’s excellent roadmap and the token’s strong presence as a succesfull staking coin. The roadmap is presented on the Lucky Block website and details numerous intriguing plans, including launching Lucky Block merchandise and hosting huge fundraising events. There are also plans for metaverse incorporation in the future.
Potential for Passive Income
LBLOCK holders who store their tokens in a crypto wallet connected to the Lucky Block app will receive regular payments. Interestingly, the size of these payments is directly correlated with the number of lotto entrants. This means that, as the Lucky Block platform expands, LBLOCK holders will receive a greater amount of passive income. Furthermore, a recent press release from Lucky Block estimated that holders could receive a yield of around 19.2% p.a. on their tokens – far higher than traditional savings accounts.
Lucky Block’s tokens are structured so that a portion of them are ‘burned’ regularly. As there will be a 12% transaction fee when an LBLOCK holder sells their tokens, a total of 1% of the fee amount will be burned and removed from existence. Ultimately, this reduces the total supply of LBLOCK over time, making the remaining tokens scarcer. According to the laws of supply and demand, this will inevitably push the Lucky Block price higher (assuming demand remains the same or increases).
Lucky Block Price
Before you buy Lucky Block token, it’s wise to explore the coin’s price history to get an idea of where the price may go in the future. According to CoinMarketCap, the Lucky Block price today is hovering around $0.001050. This gives the token a market cap of $106 million on a fully-diluted basis.
As you can see from the price chart above, LBLOCK surged after being listed on PancakeSwap, reaching an all-time high of $0.009617 on February 17th. This was helped by the fact that Lucky Block managed to accrue over 40,000 unique token holders within the first month of listing, which aided the bullish momentum.
After peaking in mid-February, the token’s price has pulled back to the level that we see today. Pullbacks like this are relatively standard for new token listings, as the price is still in the process of creating structure and support/resistance levels. However, the LBLOCK price did ‘wick down’ and touched the $0.002100 level on March 15th before rejecting aggressively. This price action has given token holders hope we may be seeing the beginning of a bull run.
Lucky Block Coin Price Prediction
The token’s fantastic performance since listing on PancakeSwap, combined with its stellar use cases, means that our Lucky Block price prediction is highly optimistic for the weeks and months ahead. The development team’s applications for additional exchange listings should provide the liquidity needed to create a more transparent structure on the price chart and appeal to a larger universe of retail investors.
Given the lack of historical price data, it’s difficult to predict what price Lucky Block could reach. However, given that LBLOCK nearly touched the $0.0100 mark after just one exchange listing, this does provide hope that all-time highs could be breached if the Lucky Block team’s plans come to fruition.
The resistance level around $0.0064 could prove difficult to break, as the price was rejected from here three times during late February. However, if the price can close past this area with a strong candle on the 1H or 4H chart, it may provide the momentum needed to move past February’s all-time highs.
Lucky Block App
The Lucky Block crypto app acts as the central hub for Lucky Block players, allowing them to purchase competition tickets and receive dividend payments. Lucky Block’s app is available on Android, although there is also a dedicated website platform if users wish to take that approach.
The app’s release came just before the official Lucky Block competition launch in May 2022. Users were able to familiarize themselves with the app’s interface and purchase lotto tickets (priced at $5) before the inaugural lotto draw. The exciting thing is that the Lucky Block app will also keep tabs on live jackpot amounts and provide real-time updates on the dividend yield that you are eligible for.
Lucky Block NFTs
Another exciting element of the Lucky Block ecosystem isthe Platinum Rollers Club – Lucky Block’s exclusive NFT collection. This collection comprises 10,000 NFTs, each acting as entry into daily ‘NFT prize draws’ that will run separately to Lucky Block’s main lotto draws. Due to this intriguing feature, these assets could be the best NFTs to buy for investors looking to benefit from value increases whilst gaining access to additional benefits.
Within the Platinum Rollers Club will be 25 ‘Rare Edition’ NFTs. Owners of these NFTs will be able to double their winnings if their number comes up in the daily NFT prize draws. Given that Lucky Block’s developers estimate that each daily prize draw could be worth around $10,000, owning a Rare Edition NFT could end up being extremely lucrative.
Lucky Block’s NFTshave a mint price of $1,500 and are hosted on the Binance Smart Chain. Due to there being over 40,000 unique LBLOCK holders, these NFTs have experienced remarkable uptake since launch.
Finally, Lucky Block’s team have also announced a brand new NFT competitions platform. This platform will offer an array of exciting prizes, including cars, houses, holidays, and BTC giveaways. Entrants must own a Lucky Block NFT to gain a chance to win these prizes, with more details being released soon through the Lucky Block Discord server.
Lucky Block V2
Finally, Lucky Block’s development team has also announced a significant change to the token, making it even more appealing to investors. The team noted a lack of support for the inherent taxation process that is crucial to Lucky Block’s ecosystem, which led to the release of the ‘LBLOCK v2’ token. The V2 tokens will directly link to the original V1 token, maintaining price parity and keeping the circulating supply the same.
This is achieved through a locking mechanism, which means that when a certain number of V2 tokens are purchased, the same amount of V1 tokens will be locked. The locking mechanism also works in the other direction to ensure the stability of both token versions.
Both versions of the LBLOCK token will have different use cases. The original token, V1, will still be available on decentralized exchanges and used to purchase competition tickets and for prize distributions. However, the new V2 token uses the ERC-20 standard, meaning it is compatible with the Ethereum blockchain.
This comes with many benefits. Firstly, the V2 token will not incorporate a 12% tax when it is sold, making it much more appealing to active traders (e.g. day traders, scalpers). In turn, this will naturally increase liquidity, as more people will be looking to trade the token.
Liquidity will be increased even further as LBLOCK v2 is now primed and ready for listing on major CEXs. Several exciting listings have already occurred, as the token was listed on LBank on July 25th and will be available on MEXC from August 1st. In addition to these, Lucky Block’s team also have plans for 5-6 more listings in the near future.
After LBLOCK v2 was launched on LBank, trading volumes rocketed by 35%, highlighting the new accessibility of the token. LBLOCK’s price also rose by 10% – and with more listings in the pipeline, we may see this trend play out over the long term. Buying LBLOCK and other cryptos also allows you to play gambling games via the Lucky Block casino and sportsbook in 2023.
Explore alternative methods for buying and trading crypto by checking out the top crypto apps of the year.
How to Buy Lucky Block – Conclusion
In conclusion, this guide has discussed how to buy Lucky Block in detail, covering everything you need to know about the token and the investment process. Lucky Block’s exceptional success up until this point, combined with the development team’s compelling roadmap, means that there’s no doubt Lucky Block has an exciting future ahead.
If you’re looking for where to buy Lucky Block today, then you can do so through LBank. Investors can trade the new LBLOCK/USDT trading pair with no transactional tax, making it quick and cost-effective to gain exposure to Lucky Block’s price movements.
Cryptoassets are a highly volatile unregulated investment product.