October 3, saw the launch of the eagerly anticipated Lucky Block V2 Bridge, giving investors a means of quickly exchanging their BEP-based LBLOCK V1 currencies for the enhanced ERC-based LBLOCK V2 currencies.
The LBLOCK token transitioned from Binance’s BEP format to the more popular ERC standard created by Ethereum before the end of July. Due to this adjustment, the LBLOCK may now be traded on centralized exchanges like Gate.io, MEXC, and LBank. But it also led to the creation of two distinct tokens, each with its own architecture.
A token bridge developed by Lucky Block Company – Lucky Block Bridge
After LBLOCK V2 launched, it divided the holders and impeded price growth. The team later announced the development of an ETH-bridge to address this problem, enabling owners to exchange existing BEP-based LUCKY BLOCK for the updated trading-friendly model.
The Bridge finally went live Tuesday, October 3, until October 7, after much anticipation. As a result, a lot of V1 investors switched over to the new V2 token, which increased the daily trading activity by about 15% for the V2 coin and an astounding 350% for something like the V1 coin.
Gm #LuckyBlockArmy!
Don’t forget that our #LuckyBlock bridge is live until the 7th of October 2022 – If you haven’t already, follow the link below and swap your $LBLOCK now ⬇️https://t.co/dghkvr3U37
— Lucky Block (@luckyblockcoin) October 4, 2022
This sharp rise in demand may be the beginning of a significant run-up for LBLOCK. It’s far more possible for whales to just get involved and load up on LBLOCK before the next major announcement now that investors are satisfied that now the Lucky Block community is always updated and offering the features investors want to see.
It might be the ideal time to become engaged with the project, given the extra attention Lucky Block will receive following the bridge. Visit Lucky Block right now to see why numerous investors are drawn to it.
Know More About Lucky Block
Lucky Block is an NFT competition platform using blockchain to provide a fair and extremely effective platform. The initiative holds a tonne of contests with enormous awards, including a Lamborghini, $1 million in BTC, and even opulent real estate.
The Lucky Block NFT competition system operates on the Binance Smart Chain and envisions a worldwide NFT competition with participants using blockchain protocols. The platform’s main goal is to increase game efficiency and transparency. The platform aspires to create a global NFT competition system where each player has a greater chance of winning and provides token holders with a smart financial strategy. The platform also aids the ecosystem as a whole and nonprofit groups.
You may enter each tournament by getting the necessary NFT from Launchpad. xyz. Each NFT has a distinctive design and a distinct number that is utilized to select the jackpot winner. Each NFT continues to be valuable even after a drawing is over. The rewards fund will be divided among all Lucky Block NFT owners each day, assuring that the NFTs are valuable outside of the competition.
Inside their whitepaper, Lucky Block explains that it wants to speed up the drawing procedures and provide customers access to numerous drawings each day. The strategy lowers the cost of running the platform while increasing participants’ chances of winning. Additionally, low-margin transactions let people take part in draws that fit their level of risk tolerance for greater chances. According to Lucky Block, blockchain competitions should not be confined by geography or connected to regional financial systems.
As for the Lucky Block price prediction, we are yet to see the impact of the ETH bridge. The initial psychological pump was quickly corrected later. That said, it is likely that this bridge will work overtime to increase LBLOCK’s adoption, which would then lead to pumping. But as it stands now, LBLOCK is still in the red zone, trading at $0.00028 at the time of writing.
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