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Lucky Block’s LBLOCK lists on the MEXC exchange on 1st August

should I buy LuckyBlock
should I buy LuckyBlock

LBLOCK, the token’s V2 coin, will be listed on the MEXC exchange on August 1st, as announced by the developers in the press release. This is the token’s second listing on the CEX exchange after LBank.

LBLOCK’s listing on the LBank exchange led the token to reach its all-time high price in 2022 at $0.0097 at under one cent on the day it got listed.

It is even believed that LBLOCK investors might see a similar upsurge in its price once it gets listed on other centralized exchanges (CEX) as well.

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MEXC Exchange Lists LBLOCK

MEXC has over $700 million with a 24-hour trading volume, making it one of the leading players in centralized exchanges. It also enjoys a massive six million registered traders on its platform and is available in 200 countries globally, including the United States and Australia.

LBLOCK has finally secured its place on the exchange, and this seems a big success for the entire team as the new version was specifically created for this purpose only. The first version of the token was only available through its own platform or PancakeSwap DEX.

Founded in 2018, the MEXC exchange – also known as MEXC Global – enables its users to trade spots, buy crypto, and trade derivatives with upto 125x leverage. MEXC also offers an Earn program to its users that includes staking and mining.

The platform also supports copy trading and offers a $1000 USDT bonus upon completing tasks on the platform to engross users.

LBLOCK getting listed on the MEXC will significantly impact its reach, and it clearly indicates that the team behind Lucky Block wants to expand its presence in the crypto space. MEXC has a high trading volume; hence, LBLOCK might not face any roadblocks in attracting a myriad of opportunities and new investors.

Scott Ryder, CEO of Lucky Block, remarked on the listing that:

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“We are very pleased to announce the listing of LBLOCK on MEXC on 1 August. With 24-hour trading volumes of more than $700 million, MEXC is a significant player among centralized exchanges. This is the first fruit from our introduction of the exchange-friendly V2 token, and we have more announcements in the pipeline.

As a result of our listings in July and August, we expect the liquidity injection to LBLOCK to be substantial. LBLOCK is likely to see a surge in price given that, historically, new exchange announcements pretty much guarantee greater buying interest. Importantly, our ecosystem of crypto games offerings will also see improved visibility and adoption just as we start to roll out major new products and features. Exciting times.”

Officially launched in January 2022, Lucky Block is the first platform that uses blockchain technology in the gambling industry. The Lucky Block token can be readily listed on the crypto exchanges as it recently underwent a solid proof audit and released its V2 token upgrade.

In fact, the Lucky Block may be seen on other prominent CEX listings, too, as its team members are in talk with them. However, all such updates will be announced after the token first gets listed on MEXC.

Currently, the price of the token is $0.0008071. And as the token is getting listed in July and August, the liquidity injection is expected to be high. The crypto gaming platforms will likely see a boom and a greater adoption rate because of their new features and advancements.

Conclusion

It’s no doubt that Lucky Block has created headlines as it’s the first gambling platform that works on blockchain technology. And due to this, LBLOCK is likely to pique investors’ interest, and it will be interesting to see how this currency gets along once it gets listed on MEXC.

The listing has even appeared to be at the time when investors may gradually return to the market, and the interest in crypto may soar once again.

Even though the overall market is still down by more than 3%, investors can get started with the token and expect a turnaround in the coming times. One can also aim for short-term breakouts; however, it is only recommended if you have the right knowledge and experience in the industry.

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Lastly, it still appears that this platform may be floating on thin ice, but only the future will tell how things will come out for it.

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