Lucky Block Casino has recently released an updated whitepaper that introduces new utility features for its newly integrated $LBLOCK V2 token, which operates on the Ethereum blockchain. This token has already started trading with fresh liquidity on the Uniswap decentralized exchange and has seen a price surge of 23% within the first hour, currently priced at $0.00004546 according to DEXtools data.
Over the past six months, Lucky Block Casino has experienced significant growth since its new team took it upon themselves to transform the platform into a full-fledged iGaming platform, complete with a casino and sportsbook. As a result, the platform has become one of the leading crypto casinos, boasting 200,000 monthly active users. Impressively, $500,000 in monthly wagers are denominated in the $LBLOCK V2 token, compared to the approximate $93 million wagered on all crypto platforms combined.
The whitepaper highlights a range of innovative features and improvements that set Lucky Block Casino apart from its competitors in terms of gamification and value for token holders. The seamless transition from the V1 BNB Smart Chain version of the coin to the ERC20 Ethereum V2 version has resulted in the burning of 45.1 billion out of the total 100 billion $LBLOCK tokens. This leaves 49.41 billion tokens owned by the community and allocates 5.49 billion tokens to staking, listings, and rewards.
$LBLOCK V2 token holders now have exclusive access to jackpots that are only available to V2 and Platinum Rollers Club (PRC) NFT owners. These jackpots range from $10,000 to $500,000 and offer better odds of winning due to a smaller pool of players. Additionally, 1% of wagers are automatically contributed to the monthly jackpot pool, with the winner receiving their prize in V2, USDT, or USDC. Token holders can also earn rewards through staking $LBLOCK V2, with rewards paid out in V2, USDT, and USDC.
The PRC NFTs are being migrated from the BSC chain to the Ethereum blockchain. Lucky Block Casino will mint new NFTs and distribute them to existing PRC owners, with the estimated cost of $35,000 covered by the platform, resulting in no cost to the users. Notably, 20% of the funds raised from the sale of NFTs will be added to the staking pool. Members of the PRC community will also enjoy exclusive benefits, such as VIP 15% cashbacks on LBLOCK wagering, access to tournaments and jackpots, and access to lucrative loyalty and referral programs.
Using $LBLOCK tokens comes with enticing incentives. Players automatically gain entry into exclusive tournaments where they can win free spins, $LBLOCK tokens, and NFTs. The loyalty program guarantees automatic rewards for playing with $LBLOCK V2. Additionally, there is a referral program that allows users to earn up to 15% of the house edge for every player they invite to the platform.
To pave the way for significant developments, the Lucky Block team initially injected $200,000 worth of $LBLOCK V2 into its Uniswap liquidity pool. This investment has since increased in value to $324,000. Lucky Block Casino’s primary objective is to attract new investors as it prepares for upcoming CEX listings. Although the current trading volume stands at $70,000, it is rapidly increasing as news spreads about the availability and liquidity of $LBLOCK V2. Negotiations with LBank, MEXC, and Gate.io are also underway to establish liquidity provision arrangements.
The Lucky Block team demonstrates continuous progress and determination. The roadmap shows that they have successfully completed important milestones, including bridging V1 tokens to V2, integrating V2 tokens into the casino, relaunching the PRC NFTs, and developing the whitepaper. They are currently in progress with the development of staking pools, a token dashboard, mega casino jackpots for token and PRC holders, as well as listing on various tier 1/2 CEXs. Additionally, Lucky Block Casino is actively seeking strategic partnerships and aims to create crypto gateways for third-party products and services using the $LBLOCK token.
$LBLOCK V2 can be purchased on LBank, Gate.io, MEXC centralized exchanges, and now on Uniswap. Holders of $LBLOCK V1 who have not yet claimed their bridged tokens can do so by visiting https://v2bridge.luckyblock.com/ and clicking on the claim button. It’s important to note that the V1 to V2 bridge has now closed. Those who have not bridged from V1 can sell their tokens on Pancakeswap decentralized exchange, although liquidity is limited and a tax applies.
Lucky Block Casino’s latest whitepaper unveils a range of exciting features and improvements that position it as a true game-changer in the crypto casino industry. With its successful transition to the Ethereum blockchain, innovative token features, and exclusive benefits for token holders, Lucky Block Casino is set to continue its upward trajectory and solidify its position among the top players in the market.
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