Lucky Block Unlocks Utility and Rewards for Token Holders

The native utility token for the Lucky Block ecosystem, LBLOCK, launched recently and so far has attracted over 52,000 unique holders according to BscScan data.

Unlike most tokens whose holders only derive value when the prices appreciate, LBLOCK is offering something additional utility, as holders of this token will have a chance to earn passive income rewards regardless of whether they win a draw.

Lucky Block Benefits for LBLOCK Holders

One of the unique aspects of the Lucky Block daily jackpot prize is the free ticket given to LBLOCK token holders. Each token holder will receive a free ticket to enter the daily jackpot draws. Additional tickets can be purchased valued at the equivalent of $5 each in LBLOCK tokens.

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Having a free entry option will keep the jackpot draw prize outside of the regulatory provisions of the UK Gambling Commission. According to Lucky Block’s CEO, Scott Ryder, the free ticket will also support ecosystem growth and contribute to more people looking for more games and giveaways.

Besides the free tickets, LBLOCK token holders will also have voting rights on allocating a part of the prize pool to charity initiatives. Token holders will be rewarded for participating in the voting system.

The main prize pool for the jackpot has currently been set at $2.3 million. 10% of the prize will be distributed to token holders. The reward will be distributed regardless of whether a token holder buys a draw ticket. The LBLOCK token is available for purchase on the Lucky Block website using a debit card or credit card.

The LBLOCK Expansive Games Gallery

The prize pool is not the only piece of good news for the Lucky Block community. The platform is also launching an expansive gallery of prize raffles featuring digital and physical goods. These goods range from watches and other merchandise to non-fungible tokens (NFTs).

The Games Gallery is expected to continue expanding to feature Play-to-Earn games that will only be available in jurisdictions where they are complaint. Some of the games expected to feature include Pai Gow, Mahjong and Keno.

Lucky Block has also invested in its marketing efforts. The project is currently sponsoring Florian Marku and Dillian Whyte, two popular names in the boxing scene. It is also planning to onboard more boxing champions into its roster of brand ambassadors.

The inaugural Lucky Block prize draw will take place in May 2022 and include a $1 million NFT jackpot awarded to one owner of a Platinum Rollers Club NFT.

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