LBLOCK Prepares for Lift Off as 1% Token Burn Approaches

Lucky Block –  The Number One NFT Competition Platform (instagram.com/luckyblockcoin)

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. 

All eyes are on Lucky Block right now as the launch of the burn program nears closer. On September 30th, a huge 1% of the total LBLOCK supply will be burned, dramatically increasing the scarcity of the token and potentially sending its value soaring. 

What is Lucky Block?

Lucky Block (LBLOCK) is a cryptocurrency project that provides users with a fair and friendly platform to enter prize draws using individually numbered NFTs that act as a ticket to a specific competition. Following the conclusion of a drawing, the NFT still provides the holder daily rewards from the prize pool, meaning that every Lucky Block NFT has both immediate and long-term value. 

Some of the top prizes available are completely life-changing. Lucky Block provides people the opportunity to win $1 million in Bitcoin or even a luxury home, making it perhaps the most exciting competition platform on the planet. 

The Burn Program

One of the most exciting upcoming events for the project is the Lucky Block burn program. Starting on September 30th, the team will burn 1% of the total LBLOCK supply each month. This could send the value of LBLOCK shooting up as the token’s scarcity increases drastically and investors scramble to stock up ahead of the highly anticipated V1 to V2 token bridge.

LBLOCK Prepares for Lift Off as 1% Token Burn Approaches

Lucky Block Burn Program (instagram.com/luckyblockcoin)

With the burn program reducing the supply of LBLOCK by 1% each month, in just 1 year a total of 11.50% of the supply will be wiped out. While this would be a significant enough change to cause price movement on its own, when combined with Lucky Block’s centralized exchange (CEX) listing efforts as well as its sports marketing efforts, LBLOCK seems primed to explode. 

Lucky Block Price

During the past few days, the price of LBLOCK increased by just over 12.50% as a result of hype generated by the burn program and token bridge. With the asset still maintaining an impressive 4% growth rate over the past 3 days even after it retraced then retraced, it seems likely that the launch of the burn program and the token bridge could push the token up significantly.

LBLOCK Prepares for Lift Off as 1% Token Burn Approaches

LBLOCK/USD (CoinMarketCap)

Lucky Block has already been picking up traction as anticipation builds for the release of the burn program and the token bridge. Once both are fully released, it will likely shine a light on the Lucky Block ecosystem, potentially leading LBLOCK to take off and grow exponentially.

Related News and Analysis

  • Lucky Block Price Prediction
  • Best Crypto Under 1 Dollar
  • Lucky Block’s Joe Joyce Wins Bout

NEWS RELATED

Today in Crypto: UK Crypto Fraud Up 32% in Year, Line to Shut Down Bitfront Exchange, Nigeria Won't Include Crypto in Plans to Improve Digital Asset Trading

Source: AdobeStock / chonlatit Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Security news Cryptocurrency fraud in the UK increased by 32% to £226 million ($273 million) in one year, according to data from the ...

View more: Today in Crypto: UK Crypto Fraud Up 32% in Year, Line to Shut Down Bitfront Exchange, Nigeria Won't Include Crypto in Plans to Improve Digital Asset Trading

10 Best Neo Casinos Sites for 2023

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. Launched in 2017, Neo has already gained impressive traction with crypto investors. In today’s market, this cryptocurrency is also a popular choice among online gamblers – thanks to its incredibly low gas fees and fast ...

View more: 10 Best Neo Casinos Sites for 2023

Deadmau5’s Pixelynx Unveils NFT Scavenger Hunt: ‘Rock Band Meets Pokémon Go’

The Elynxir music metaverse game from Deadmau5 and Richie Hawtin comes to life in Miami this week through augmented reality.

View more: Deadmau5’s Pixelynx Unveils NFT Scavenger Hunt: ‘Rock Band Meets Pokémon Go’

Crypto Lender BlockFi Filing for Bankruptcy and Conducting Major Layoffs as FTX Contagion Claims Another: Source

BlockFi is the latest crypto firm to file for bankruptcy following the collapse of Sam Bankman-Fried's crypto empire.

View more: Crypto Lender BlockFi Filing for Bankruptcy and Conducting Major Layoffs as FTX Contagion Claims Another: Source

Bitcoin Price Prediction as BTC Sees Huge $15 Billion in Volume – Here’s Where BTC is Headed Next

On November 28, Bitcoin price prediction will likely remain bearish under $16,360 support, which will become resistance. Protests in China, the world’s second-largest economy, have caused most of the selling pressure in the overall cryptocurrency market. The cryptocurrency market is falling as a wave of investor jitters swept global markets, fueled ...

View more: Bitcoin Price Prediction as BTC Sees Huge $15 Billion in Volume – Here’s Where BTC is Headed Next

Line to Shutter US Crypto Exchange Next Year, Suspends Onboarding Today

The Japanese social media firm Line will shutter its American crypto exchange, adding that the decision was unrelated to FTX’s collapse.

View more: Line to Shutter US Crypto Exchange Next Year, Suspends Onboarding Today

The Sandbox and Decentraland Investors are Checking Out This New Competitor – Best Metaverse 2022?

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. The Sandbox and Decentraland took crypto by storm in 2021 – leading the GameFi charge and quickly securing respective market caps of between $5 and $10 billion ...

View more: The Sandbox and Decentraland Investors are Checking Out This New Competitor – Best Metaverse 2022?

Dogecoin Jumps 22% in a Week Amid Twitter Payments Speculation

The meme coin’s latest bull run may be related to the speculation that it could be involved in Elon Musk’s plans for Twitter.

View more: Dogecoin Jumps 22% in a Week Amid Twitter Payments Speculation

Oryen Network Is The Best Yield On BNB Chain, Beating Pancakeswap And Mdex

Billionaire Mike Novogratz Says These Cryptos Are Here to Stay Despite Current Bear Market – Here’s What You Need to Know

Giveaway: PrimeXBT Gives Away $20,000 in Bitcoin, and Anyone can Participate

Bahamian Authorities Confirm FTX is Under ‘Active’ Investigation, Prime Minister’s Financial Intelligence Unit Involved

Japanese Regulator Suggests it May Be Preparing to Police DeFi

Binance CEO Warns Users to Be Vigilant as Dark Web Hackers Auction Off 500 Million Whatsapp Numbers

How to find interest generating crypto wallets

Bitcoin Price and Ethereum Down 5% amid China Lockdown - Time to Buy?

Wahed Projects Announces Strategic Partnership with EnterMed

Attorney General of The Bahamas Defends Its Crypto Savvy in Wake of FTX Crash

Would-Be Crypto Sleuths Converge on Bahamas to Hunt for SBF

5 Lessons From the Stunning Implosion of SBF and FTX

OTHER NEWS

Breaking thailand news, thai news, thailand news Verified News Story Network