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Lucky Block Presale Sells Out, $5.7 million Raised, DEX Listing 26 Jan

lucky block app clip
lucky block app clip

The presale of the Lblock token of the forthcoming Lucky Block lottery platform has sold out 11 days early as demand outstrips supply.

In the space of just seven weeks Lucky Block has sold out the 32.5% of its total supply of 100 billion Lblock tokens that was being distributed in the presale. All told, the presale has raised a staggering $5.7 million in short order.

The smart contract shows that there are now 8,607 holders of the Lblock token.

Lucky Block (Lblock) Pancakeswap launch Wednesday 26 January

In comments provided to insidebitcoins Lucky Block CEO Scott Ryder said: “We are so pleased that the project has been so well-received by the crypto community. The presale demand is even more impressive given that the spot market is still struggling to find a bottom.

“We are now putting into place the final touches of the next leg of our PR campaign and have applied for our listing on top centralised and decentralised exchanges,” Ryder added.

“Lucky Block will be listing on Pancakeswap listing to Wednesday 26 January at 18:00 GMT  (18:00 UTC) and we have chosen Crypto.com and FTX as our first centralised exchange listings – applications were submitted this morning.”

PR campaign gearing up with A-List influencers on board

The project has also today applied for listings on the industry’s top price and analytics platforms, Coinmarketcap and Coingecko.

The Lucky Block project is a promising Web 3.0 platform that aims to disrupt the current lottery incumbents with its unique value proposition.

Charities will be the top priority and not just an afterthought, odds of winning for lottery players will be much better, token holders will. not just be able to vote on governance issues, such as which good causes to support, they will also receive a dividend, regardless of whether they have entered the lottery.

On 7 January at an event held in London’s Mayfair, Lucky Block made a donation of $5,000 worth of crypto to the British Red Cross. The event was attended London BRC president Solangela Garbutt.

Also present at the IT London events were Lucky Block CEO Scott Ryder, UK no.1 chart-topping Drum and Bass DJ and record production duo Sigma (Cameron James “Cam” Edwards and Joseph Aluin “Joe” Lenzie), model and Love Island contestant Jamie Jewitt, singer Sonique, R&B artist Kele Le Roc, among others.

(Pictured, left to right: former Love Island contestant Jamie Jewitt, London President of the British Red Cross Solangela Garbutt and Lucky Block CEO Scott Ryder)

Lucky Block app set to launch on 25 March 2022

The Lucky Block dev team is working hard on the website and app that will provide the frond end for the lottery. According to our sources, the app is scheduled for release on 25 March on both Android and iOS.

We have got our hands on some images of the version 1 user interface and the product looks extremely impressive (see below).

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Lucky Block Lottery, Version 1, is due for release Friday 25 March 2021 which will also be available on IOS and Android for all users to be able to download.

Take a sneak peak of how version 1 of the app is going to look!

The project will be releasing more launch preparation details on Tuesday 25 January, in it describes as the Road to Binance.

To stay abreast of Lucky Block developments join its fast-growing Telegram group, while now has nearly 18,000 memebers. Here’s the Luck Block social links:

Social Channels: Twitter | Telegram | Discord | Reddit | Instagram

Lucky Block app UI
Lucky Block Android and iOS app is in development now and is slated for launch on 25 March 2022

Here’s a breakdown of Lucky Block

LuckyBlock is a blockchain-based lottery platform that has significant advantages over traditional online and offline lottery systems. 

Charity first

The tag line is “Everyone’s a winner”. LuckyBlock is all about giving back. The platform is focused on putting good causes at the centre of its mission. 

ESG-compliant

By playing the lottery and taking part in the network, environmental, social and governance (ESG) aware investors can be sure that the project aligns with their objectives.

So for those worried by the oft-cited supposedly malign impact of crypto on the environment because of the high energy usage of certain blockchain protocol consensus systems, LuckyBlock overcomes those fears. LuckyBlock is built on top of the Binance Smart Chain which is a Proof-of-Stake protocol that uses very little energy to verify transactions and blocks.

Web 3.0 industry disruptor puts players in charge

Alongside being an ESG-compliant crypto project it is also an example of a Web 3.0 product – that’s to say it is a decentralised network disrupting current centralised legacy companies, in this case lottery operators, where the players and token holders, among other things, are empowered to vote on governance issues.

Instant pay outs and a dividend too

Winners are paid instantly in Lblock, which they can either hold to benefit from the dividend or cash out by swapping to Binance Coin (BNB). The savings made by being built on blockchain means the savings are passed on to players by providing better chances of winning than available in traditional lotteries.

  • Every time Lblock is sold a 12% transactional tax will be applied (see table 1 below).
  • 4% of this transactional tax will be added to the lottery pool available for daily jackpots. 
  • The remainder of the 12% tax will be distributed to the liquidity pool, token burn and the LuckyBlock NFT fund (see table 2 below). 
  • For every jackpot that is won, LuckyBlock burns 1% of tokens.
Table 1: Transactional tax – 12% transactional fee on sale
Lottery Pool 4%
Liquidity Pools 4%
NFT & Gaming Royalty Fund 3%
Token Burn 1%

 

Table 2: Jackpot distribution
Winners 70%
Charity 10%
Token Holders 10%
Lucky Block 10%

 

Table 3: Presale smart contract lock-up
£0-10,000 no lock-up
£10,000-25,000 3 month lock up
£25,000-50,000 6 month lock up
£50,000-100,000 9 month lock up
£100,000-250,000 12 month lock up

 

Note: Lucky Block platform is not connected to Lucky Block Network (LBN) or the Minecraft Lucky Block Mod.

 

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