What are Lucky Block NFTs?

Lucky Block is a platform for non-fungible token (NFT) competitions. Players can earn rewards in the form of LBLOCK tokens by holding NFTs and participating in tournaments. LuckyBlock was founded by Scott Ryder, CEO and former head of sales at fintech marketing business group Investoo. Ryder is also the co-founder of DeFi Coins and the CEO of StakeMoon Coin. James Fennell, CEO of LuckyBlock, is also CEO of NFT Launchpad and former head of global marketing operations at digital media company Finixio.

Lucky Block was launched in January 2022. In February, the developers announced a software upgrade to implement their 12% tax on LBLOCK token sales. According to the announcement, “this tax is used to encourage long-term holdings and reduce day trading and fund the lottery prize pool.”

Lucky Block said it is the first cryptocurrency project to hit $1 billion in value in the first three weeks. Lucky Block NFTs were initially released on LBank centralized exchange and PancakeSwap (CAKE) decentralized exchange (DEX). This announcement stated:

LBank was unable to implement Lucky Block’s 12% tax on LBlock deposits from Pancakeswap. Token holders on Pancakeswap can transfer LBlock to LBank to avoid paying the sales tax applied on Pancakeswap. Instead, the centralized trading venue has imposed a 6% tax on all LBlock-related transactions.

Lucky Block launched its first NFT collection, Platinum Rollers Club, on the NFT LaunchPad marketplace in March.

What is the native currency of LBLOCK?

LBLOCK native coin is used to reward holders of Lucky Block NFTs. Holders receive daily rewards based on the number of NFTs they own. The prize pool is equal to 1% of the total profit of each competition. Lucky Block also holds weekly raffles. The initial LBLOCK token was launched in January on the Binance smart chain based on the BEP-20 token standard. Lucky Block then launched its ERC-20 token version, LBLOCK V2, on the Ethereum blockchain on July 25.

Advantages and disadvantages of Lucky Block NFTs

While NFTs are often criticized for lacking real utility, the developers wanted to differentiate the Lucky Block NFT by adding specific uses and benefits to holders. Among the benefits of Lucky Block NFT, the following can be mentioned:

1. NFT daily lottery

One of the main benefits of buying a Lucky Block NFT is that it gives you a lifetime entry into the NFT lottery that takes place every day. NFT holders are the only ones who have access to this particular lottery and it’s out of the game. The main Lucky Block stands out. This jackpot will be equal to 2% of the main draw amount, which is estimated to be around $10,000.

Also, if you get lucky and get one of the 25 rare Lucky Block NFTs in addition to winning the jackpot, your payout will be doubled.

2. Limited number of tokens

As we mentioned, there are only 10,000 Lucky Block NFTs available and the developers have reported that this will be the final amount. Given the limited number of tokens, each NFT has intrinsic value in the long run. This is also one of the main reasons why experts believe that the price of Lucky Block NFT will face a major increase.

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3. Rare parts

When purchasing Lucky Block NFTs, players have the chance to carve one of 25 rare collectible pieces. Whether you have purchased the rare piece will not be shown until the purchase is complete. Holders of rare pieces also enjoy special benefits such as winning a double jackpot prize in the raffle.

4. Winning the Lambo lottery

Finally, holders of Lucky Block NFTs also have a chance to win a $270,000 Lamborghini vehicle. The “Win a Lambo” draw will take place after all 10,000 NFTs have been sold.

The winner of the lottery will be selected through a transparent random number generation program that will be broadcasted live from the Lucky Block Telegram group.

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How to buy Lucky Block NFTs

Following this article from Persian Elite is a quick step-by-step guide to help you buy Lucky Block NFTs right now.

Step 1: Create a MetaMask wallet

You need a wallet to get started. We recommend getting a MetaMask wallet (if you don’t already have one). Go to the official MetaMask website and follow the on-screen instructions to complete the registration process. MetaMask takes users to the ETH mainnet by default, so you have to manually switch to the Binance smart chain.

First, go to “Wallet” and find the Binance smart chain network in the list of networks.

If you have trouble finding it, go to Settings > Network > Add Network. Next, type these details:

• Network name: Smart Chain
• New RPC URL: https://bsc-dataseed.binance.org
• Chain ID: 56
• Symbol: BNB
• Block Explorer URL: https://bscscan.com

Your wallet should now show the Binance smart chain network. If everything is correct, the next step is to buy WBNB tokens.

Step 2: Buy Packaged BNB (wBNB)

Since Lucky Block NFTs are built on the Binance Smart Chain, you need to buy wBNB (BNB Wrapped) before buying NFTs. Almost any cryptocurrency can be traded with wBNB. At the time of writing, Lucky Block NFT costs 3.78 WBNB.

Remember to buy enough WBNB to cover gas costs too, so make sure you buy enough WBNB to buy Lucky Block NFTs.

Step 3: Go to NFT Market and go to the official website nftlaunchpad.com.

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Step 4: Connect your MetaMask wallet.

After reaching the desired website, click on the “Connect to wallet” option in the upper right corner and connect your MetaMask wallet to the platform. This process only takes a minute, after which you can buy any NFT on offer. Keep in mind that you need to set your wallet on the Binance smart chain network, otherwise the connection will not work.

Binance authentication must be done correctly, so it is better to get help from Persian Elite experts for Binance authentication.

Step 5: Find Lucky Block NFTs and buy them.

If you have done everything correctly at this point, you should be able to buy the NFTs you want. Click the “Search” button and you will see the Lucky Block NFT collection on offer. Keep in mind that the collection is still new, so you won’t be able to see an image of any NFT until the transaction is complete.

All NFTs remain hidden until the transaction is complete and the NFTs appear in your wallet. The name of the project is Lucky Block, so you have to be lucky to get the rarest and most valuable NFTs. 25 of the luckiest buyers will receive rare NFTs that are sure to be more valuable than the rest. If you see a picture of a rocket when you receive an NFT, you know you’ve won one of 25 rare NFTs. It takes a few seconds for the NFT to appear on your profile, so don’t worry if you don’t see it right away.

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Lucky Block NFT prediction

Currently, the price of each Lucky Block NFT is around $1,500. NFT can only be purchased with Wrapped BNB (wBNB) which is approximately 3.78 wBNB per token. This means that the market price of wBNB will also directly affect the price of each Lucky Block NFT.

Determining the Lucky Block NFT price forecast for the next period is still very challenging because the token is released only a few days in advance. However, due to the success that the Lucky Block digital currency has achieved, many professional traders and NFT experts believe that history will repeat itself with the Lucky Block NFT. This will largely depend on the success of Lucky Block’s campaigns and marketing efforts and whether there will be much demand for NFTs in the following months. Since there are only 10,000 NFTs available, there is a good chance that market forces will favor Lucky Block.

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At worst, we Persian Elite experts believe that the price of Lucky Block NFT could easily double or triple by the end of 2022. In the best case, the value will skyrocket and influential figures will start supporting the project. To accurately predict the price of digital currency, it is better to use the futures signal.

last word

In this article, Persian Elite experts have reviewed the most important information about the Lucky Block network and its unique collection of 10,000 NFTs. The developers of this project have done their homework and succeeded in creating a decentralized lottery token that has grown to a community of over 43,000 users. Now is the right time to buy a Lucky Block NFT and become one of the first investors in this currency. Once V2 hits the market, all token holders will have the opportunity to trade their LBLOCK tokens on the BSC and Ethereum markets alike. Lucky Block is one of the most promising digital currency projects in 2022.