By Wednesday 10th of January – Lucky Block Casino has released a new updated whitepaper jam-packed with new utility features for the newly integrated $LBLOCK V2 token that runs on the Ethereum blockchain.
$LBLOCK V2 has begun trading with newly fueled liquidity provision on the Uniswap decentralized exchange today, and the price is up 23% within the first hour of trading, currently priced at $0.00004546 according to DEXtools data.
Since the new team took residence to execute the Lucky Block pivot to becoming a full-blown iGaming platform, including a casino and sportsbook, the platform has gone from strength to strength.
In the space of six months Lucky Block has propelled itself into the top rank of the crypto casino world with 200,000 monthly active users.
Such is the success of the $LBLOCK V2 proprietary token, $500,000 in monthly wagers are denominated in the token. Impressively, that compares to approximately $93 million wagered monthly across all crypto platforms.
New whitepaper, new Lucky Block, enhanced value for all LBLOCK and NFT owners
Detailed in the whitepaper are an array of new features and improvements that makes the project perhaps the most innovative in its space as far as gamification and returning value to token holders goes.
The flawless bridging from the V1 BNB Smart Chain version of the coin to ERC20 Ethereum V2 version means that of the original 100 billion $LBLOCK token, 45.1 billion has been burnt, leaving 49.41 billion owned by the community and 5.49 billion allocated to staking, listings and rewards.
$LBLOCK V2 token holders are now be able to enjoy exclusive access to jackpots that are only available to V2 and Platinum Rollers Club (PRC) NFT owners, Jackpot pools will range from $10,000 to $500,000 but will be easier to win because of the smaller pool of players.
Furthermore, 1% of wagers goes into the monthly jackpot pool, with the winner paid in V2, USDT or USDC.
There is also the opportunity to earn rewards from staking the $LBLOCK V2 token, again with rewards paid out in V2 , USDT and USDC.
Lucky Block Platinum Rollers Club (PRC) – relaunch, mint and airdrop boosts value proposition
The PRC NFTs are being migrated from the BSC chain to the Ethereum blockchain. New NFTs will be minted and airdropped to existing PRC owners, with the estimated $35,000 cost being carried by Lucky Block Casino, at no cost to the user.
It has also been revealed in the whitepaper that 20% of the funds raised through the sale of NFTs will go into the staking pool.
PRC community members will also be the recipients of exclusive VIP 15% cashbacks on LBLOCK wagering, with their NFT acting as a valuable entry ticket for tournaments and jackpots as well as unlocking what the whitepaper describes as “lucrative loyalty and referral programs.”
PRC owners will be automatically enrolled into an exclusive private club with their own VIP account manager, akin to the sort of services normally reserved for casino to high rollers.
There are tempting incentives to use $LBLOCK, with players gaining automatic entry into exclusive tournaments where free spins, $LBLOCK tokens and NFTs can be won.
And there’s more. When users of the platform play with $LBLOCK V2 they will be automatically rewarded as part of the loyalty program. In addition, there’s a referral program where referrers can earn up to 15% from the house edge for all the players they invite to the platform.
$LBLOCK V2 DEX liquidity injection as team lays groundwork for new centralized exchange listings
The Lucky Block team initially infused a hefty $200,000 worth of $LBLOCK V2 into its Uniswap liquidity pool, which is today valued at $324,000 strategically paving the way for significant developments. Lucky Block’s primary objective is to attract new investors as it gears up for upcoming CEX listings.
Trading volume is modest at $70,000 but is picking up as news spreads that $LBLOCK V2 is now tradeable because of ample liquidity provision. DexTools data shows there are 3,880 token holders outside of centralized exchanges.
Negotiations are ongoing with LBank, MEXC and Gate.io regarding liquidity provision arrangements.
The new team is not resting on its laurels, despite the stellar progress it has made so far. Strategic partnerships are being sought and crypto gateways for third-party products and services to be made accessible using $LBLOCK token.
Here’s a breakdown of what the team has delivered and what is yet to be completed on the new roadmap:
Bridged V1 tokens to V2: completed
V2 token integration into the casino: completed
Roadmap: completed
Relaunch of the PRC NFTs: completed
Whitepaper development: completed
Development of staking pools & dashboard: in progress
Token dashboard: in progress
Mega casino jackpots for token & PRC holders: in progress
Increased liquidity: completed
Listing on various tier 1/2 CEXs: in progress
Global partnerships within eSports, football and MMA/UFC: in progress
$LBLOCK V2 can be bought on LBank, Gate.io and MEXC centralized exchanges and from today on Uniswap. $LBLOCK V1 holders who have not yet claimed their bridged tokens must go to https://v2bridge.luckyblock.com/ and click claim. The V1 to V2 bridge has closed.
Those who have not bridged from V1 can sell their tokens on Pancakeswap decentralized exchange, although liquidity is limited and a tax applies.
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