Last week we noted the Lucky Block prizepool had reached $1 million in value – that prize pool is now approaching $2.5 million as LBLOCK / USD has now broken out to make a new ATH of over $0.004.
That’s a 20x increase on its start of trading price on Pancakeswap, of $0.0002, and more for presale investors.
The fully diluted market cap is now over $400 million, with almost 25,000 token holders. LBLOCK has at times been the #1 trending token on Dextools.
Lucky Block Lottery Pool – How it Works
Part of the whitepaper on the Lucky Block website states that to reward token holders, a 12% transactional tax is imposed on sellers. Of that, a third – 4% – is reinvested back into the Lucky Block lottery fund, and part to liquidity pools, re-investment into NFTs, and the token burn.
All token holders that don’t sell are distributed part of a 10% share of each jackpot, relative to their investment size – the more tokens a holder has, the more they can receive, without needing to directly take part in the crypto lottery themselves.
Lucky Block’s intention is to be a worldwide crypto lottery ‘for the people, owned by the people‘, where participants have better odds to win, whether by playing it or effectively owning ‘shares’ in the company through holding LBLOCK tokens and receiving rewards.
That potential for mass appeal attacted the attention of mainstream media with The Express interviewing CEO Scott Ryder last week.
Launching the crypto lottery is phase three of the roadmap, summarised on the Litepaper. According to that roadmap after the creation of Lucky Block NFTs in phase four, royalties from the gaming royalty fund will also be redistributed to the community.
Currently over 30,000 Lucky Block community members are in the official Telegram group where questions can be directed to the LBLOCK team and admins.
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