Since Wednesday 27 July, the Lucky Block V2 token has been trading on LBank. After the announcement, the price jumped by 250%. This version 2 of the token will be listed on many exchanges. Which makes it a sign to be followed closely.
The launch of Lucky Block’s V2 token on Ethereum was supported by LBank. After the completion of the contract transfer, the token started trading on the platform. The LBLOCK token exists in two versions, V1 and V2, in the Lucky Block ecosystem. V1 is a BEP-20 token backed by decentralized exchanges operating on the BNB chain such as PancakeSwap.
The second and new version is an ERC-20 token, it is the one that will be exchanged in the centralized exchanges (CEX). The switch to V2 was necessary to be listed at the CEX level, because the latter do not allow the imposition of taxes on the sale of the LBLOCK token, as is the case with V1.
This month, the V2 update went into effect with no tax levy and also will not be eligible for the Lucky Block prize pool prizes. On centralized exchanges like LBank, LBLOCK V2 is best suited for short-term trading.
V2 is fundamental, as it simplifies the listing of the token by centralized exchanges, increases its liquidity and makes it accessible to a wide audience. DEXs are sometimes misunderstood by novice investors.
A system of minting and of fiery will guarantee price parity between versions 1 and 2.
As the V1 token will be retained, Lucky Block’s long-term investors will be able to continue participating in the rewards program through decentralized exchanges. After LBank and MEXC on August 1st, further quotations on CEX are expected in the coming weeks.
The liquidity of Ethereum increases the LBLOCK token
Token prices on major CEXs often translate into substantial rises. After being listed on LBank and MEXC, the Lucky Block is expected to record significant gains in the coming weeks.
Furthermore, Ethereum’s huge liquidity is expected to significantly increase its market capitalization.
What is the Lucky Block (LBLOCK)?
Initially launched on BNB Chain and now available on Ethereum, Lucky Block features a global lottery based on blockchain and cryptocurrencies. Lucky Block developers claim they believe the lottery should not be geographically restricted or tied to local institutions. All you need to do is purchase NFTs issued by Lucky Block to participate in its competitions. His concept was first presented in 2015.