Lucky Block is probably the best NFT competition ecosystem globally which makes LBLOCK a buy
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Everyone loves a good competition, and the Lucky Block (LBLOCK) cryptocurrency project is perhaps the most popular NFT competition platform on the planet. The project has been hugely popular with investors and users alike, and has even been listed on a number of top exchanges in recent months.
What is Lucky Block?
The platform hosts a number of prize draws, each at a different price point, and each has a wide variety of jackpots. Some of the most exciting Lucky Block prizes include $1 million in Bitcoin, a real Lamborghini, and even a luxury property valued at a whopping $1 million. With even more competitions with big new prizes already in the works, it will be interesting to see which jackpot is announced next.
Each Lucky Block Contest can be entered by purchasing an NFT from Launchpad.xyz which takes the form of an entry ticket with a unique design and number. The price and maximum number of NFT tickets are proportional to the potential jackpot of a competition. Moreover, even after the conclusion of a specific drawing, the NFT still gives its holder a portion of the reward pool daily.
Lucky Block as an investment
Lucky Block is packed with great prizes, and after announcing listing after listing on some of the top centralized exchanges, a crowd of people have flocked to the platform to participate in its prestigious drawings.
This has led to an increase in demand for the LBLOCK token, and as the scarcity of the token is about to increase thanks to the announcement of the monthly Lucky Block burning program, things are looking pretty bright for the digital asset. Starting September 30th, 1% of the LBLOCK supply will be burned monthly.
With the release of the V1 to V2 token bridge shortly after on October 3rd, we can see a huge uptick for LBLOCK in the coming weeks. Over the past 24 hours, the LBLOCK V2 token has seen a nearly 4% increase in value as well as a massive 35% jump in 24-hour trading volume. As the launch of both the burn program and the bridge approaches, we could see even big jumps in the coming days.
Since the hype around Lucky Block is prohibitive and the first burn removes over 35 million tokens from circulation, it could be a great time to stock up on LBLOCK.
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