What is Lucky Block (LBLOCK) and How to Buy it?

Esat Demirtaş 19 March 2022Last Updated: 16 April 2023

5 minutes read

What is Lucky Block (LBLOCK) and How to Buy it?

As the projects in the crypto world are not finished, many sectors continue to meet the blockchain technology and crypto world. Lucky Block (LBLOCK) is a project that tries to introduce blockchain technology to the gambling and lottery industry, which everyone knows and has been in at least once.

In this article, we will examine the new Lucky Block (LBLOCK), which is new and has the potential to open serious opportunities in the future, what is the local token token, LBLOCK Token, and how and where to get it, together with all the details about Lucky Block (LBLOCK).

Contents

Lucky Block Nedir?

Lucky Block is a blockchain-based lottery project that emerged with the slogan “Crypto Lottery Where Everyone Wins”.

The Lucky Block project, located in the Binance Smart Chain (BNB Chain) ecosystem, focuses on not only transferring the games of chance that we use and know in the real world to the blockchain infrastructure, but also solving the problems of uncertainty and inequality in the system.

In the introduction of the project, Lucky Block underlined that lottery games date back to 200 BC and that in the following years, countries such as France, Italy and England in Europe, as well as former empires such as the Roman Empire and Byzantine Empire, provided financing with lottery games, and it is inevitable that this will move to the crypto world. underlines that.

However, while developing this Lucky Block project, the project team, who wanted to eliminate the inequality, systemic problems and speculative situations that exist in real-world lottery games, tried to create a more transparent and fair system.

In fact, even though online lottery systems already exist and ticket prices are relatively more affordable, Lucky Block, which says that these systems also have security, speed and insecurity problems, has been developed to completely solve these problems.

How Does Lucky Block Work?

In the Lucky Block lottery system, people who want to buy lottery tickets will be able to buy tickets with their lucky numbers or the numbers they feel, instead of choosing and buying a certain ticket. In addition, not only one person but more than one person can buy the ticket with a certain number sequence.

All given in the lottery system will be recorded with smart contracts on the blockchain. In this way, there will be no speculation and a completely fair system will be provided.

The selection of the winning ticket will be made by the random number selection system. This system will be uncontrollable and its transparency will be proven. Since the winning tickets are always predetermined thanks to this random number selection, which does not exist in many lottery scams, Lucky Block has shown sensitivity on this issue.

After the winning numbers are determined, bonuses will be transferred to the winning tickets very quickly, as all transactions are carried out with smart contracts on the blockchain.

What is LBLOCK Token?

The LBLOCK Token, which many will probably say LBLOCK Coin and ask this question, What is LBLOCK Coin, is the native token token of the Lucky Block project.

As expected, LBLOCK Token, a BEP20 token unit, has a total supply of 100,000,000,000 (100 Trillion). The distribution of total supply is as follows:

10% to Private Sales,
22.5% to Pre-Sales,
2.5% PancakeSwap Locked Pool,
20% to the Founding Team,
20% to Partners,
22.5% to Marketing Studies,
To the 2.5% Developer Team.

The LBLOCK Token, which has prevented bot transactions and the emergence of whales, was first introduced with a special launch for those who invest between $ 5,000-250,000.

In the last quarter of 2021, the first pre-sales were made. 10% of the revenues from the pre-sales, which were scheduled for 60-90 days but concluded within 49 days, were allocated to the locked pool.

LBLOCK Token, which has a deflationary system, has a burning process of 1% in each transaction. With these burning processes, it is aimed to protect and increase its value by reducing its total supply.

In addition, 1,000 Gold Lucky Block Tokens were also minted by Lucky Block. These tokens are reserved for private members and clubs.

Where to Buy LBLOCK Token?

There are two ways to purchase LBLOCK Token, which we can also call Lucky Block Token:

To buy on PancakeSwap,
Buying from crypto exchanges listed LBLOCK.

You can buy LBLOCK either way. If you buy through PancakeSwap, you can get the rewards instantly, but if you want to be a medium and long-term investor, you can choose this. If you want to be a short-term investor, you can choose centralized crypto exchanges.

How to Buy LBLOCK Token?

You can buy LBLOCK Tokens on LBANK Exchange, one of the central crypto exchanges that currently list LBLOCK Tokens. To purchase LBLOCK Tokens on LBANK, you can follow the steps below:

Login to your LBank Exchange account. If you do not have an account on the Gate.io Exchange, click here to create one.
Transfer the amount of LBLOCK Token you want to buy after logging into your account. You can use the Tron (TRX) cryptocurrency because of its affordable transfer fees.
After your transfer reaches your LBANK account, go to the Markets page and type LBLOCK in the search section and select the LBLOCK/USDT parity.
On the page that opens, determine the amount you want to buy and click the Buy LBLOCK button to complete the purchase.

To buy LBLOCK via PancakeSwap, if you have a TrustWallet wallet account and enough funds to invest with your account on Binance Exchange, you can follow the steps below:

Login to your TrustWallet wallet and copy your Smart Chain (BNB) crypto token wallet code.
Log in to your Binance account and transfer any amount of BNB you want, provided that it is not less than 0.1 BNB, via the BEP20 protocol to the wallet account you copied from your account. If you don’t have a Binance account, click here to create one.
After the transfer is complete, go to the DApp tab and go to the PancakeSwap platform.
In the swap section that appears, select BNB from the top and search for LBLOCK from the bottom. If you search for LBLOCK but there is no result, copy 0x2cD96e8C3FF6b5E01169F6E3b61D28204E7810Bb LBLOCK contract address code, that is, smart contract code, and paste it into the search section.
Buy the amount of Lucky Block (LBLOCK) you want to buy and click the Swap button at the bottom.

If you get an error code while purchasing LBLOCK via PancakeSwap, click on the settings button consisting of three lines at the top and repeat the purchase process by entering 11 in the percentile and 12 if it is not.

If you are looking for a detailed guide on the use of PancakeSwap Exchange, you can review our article titled PancakeSwap Exchange and Detailed User Guide.

Frequently Asked Questions About Lucky Block (LBLOCK)

In this section, we will try to answer the most frequently asked questions about Lucky Block and LBLOCK Token. This section will be updated regularly.

Who is the Founder of Lucky Block (LBLOCK)?

The project includes Scott Ryder as CEO, James Bason as CPO, James Thatcher as CTO, Nelson Campelo as CMO and Oliver Calveley as CCO. Also head of the development team is Alkesh Gupta, marketing is Darnell McWilliams.

Which Exchanges Have Lucky Block (LBLOCK)?

Lucky Block (LBLOCK) Token is currently listed on PancakeSwap as a decentralized crypto exchange and only on LBANK Exchange as a centralized crypto exchange.

Is Lucky Block (LBLOCK) a Future Project?

If we take into account that the lottery culture has existed since before Christ and is still popular, as mentioned in the project, Lucky Block can also be considered as a long-term project.