Cryptocurrencies

LBank Exchange to List Lottery Token, Lucky Block 

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Written By: Michael Abadha
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    Summary:
  • Fast-growing crypto exchange, LBank Exchange has announced the listing of Lucky Block token. We tell you why this might interest you.

Crypto asset trading platform, LBank Exchange, has announced that it will list Lucky Block (LBLOCK) token on February 11, 2022. The LBLOCK token will go live on LBank Exchange at 18:00 (UTC+8), with the LBLOCK/USDT pair available to buy and sell. The move aims at popularizing LBLOCK as the token of choice in the global blockchain lottery segment. A few days after listing on PancakeSwap, LBLOCK is off to a good start, with surging demand. Therefore, listing on LBank Exchange will contribute immensely toward meeting the demand.

Why Lucky Block chose blockchain lottery

Lucky Block hopes to increase utility in the blockchain lottery sector substantially. The platform believes in blockchain technology as key to enhancing security and increasing transaction speeds in lotteries.

According to Lucky Block, going on blockchain will ensure decentralized lottery gaming, which has immense advantages over centralized lottery. For instance, the lottery system will be more transparent and more secure. Additionally, it will give each player a fair chance of winning and enable faster payouts. Ultimately, the aim is to attract more users to the platform.

The technological efficiency that comes with adopting blockchain technology will substantially reduce the cost of running the lottery. That will free up more money to increase the size of winnings on Lucky Block lottery. Furthermore, the lottery’s low margins will reduce players’ risk exposure.

About LBANK Exchange

Ledger Bank Exchange (LBank Exchange), is a crypto asset trading platform providing specialized financial derivatives and crypto asset management services. It strictly supports crypto-to-crypto exchanges, with more than 40 cryptos on the platform. The exchange currently has more than 6 million registered users.

About Lucky Block

Lucky Block is a blockchain-centric worldwide lottery platform built on the Binance Smart Chain (BSC). It operates on the principle of giving everyone a greater chance of winning a jackpot. It uses the LBLOCK token, which is the currency used to buy lottery tickets and pay transaction fees. Similarly, Lucky Block pays winnings in LBLOCK. The platform also operates with the community in mind and gives back 10% of daily jackpots to charities.

Lucky Block lottery will officially launch in March 2022, but the excitement generated by its whitepaper has LBLOCK token gain great demand. For instance, it surpassed the $100 million market cap mark after less than 48 hours of listing on PancakeSwap. Furthermore, its presale tokens sold out in less than 50 days.

This post was last modified on Feb 09, 2022, 13:09 GMT 13:09

Written By: Michael Abadha

Michael is a self-taught financial markets analyst, who specializes in analysis of equities, forex and crypto markets. He draws his inspiration from the fact that markets provide an interface through which the world interacts in search of a better tomorrow.

Published by
Written By: Michael Abadha