PremiumIn this article, we’ll explore why Lucky Block could be the best new cryptocurrency to invest in during 2022, covering the platform’s features and benefits before showing you how to buy Lucky Block today – in just four quick steps!
Listen to this article |
The popularity of cryptocurrencies such as Bitcoin and Ethereum has paved the way for many other exciting altcoins to launch and gain traction. Although there will likely be hundreds of new coins launching in 2022, Lucky Block looks likely to be one of the most promising new cryptocurrency projects this year. In its first 48 hours of launching on Pancakeswap it surpassed a market cap of $100million, one of the few coins in history to achieve this.
In this article, we’ll explore why Lucky Block could be the best new cryptocurrency to invest in during 2022, covering the platform’s features and benefits before showing you how to buy Lucky Block today – in just four quick steps!
What is New Cryptocurrency Lucky Block
So, what is Lucky Block? Lucky Block is a crypto-lottery platform built using blockchain protocols with the goal of improving the lottery experience for all stakeholders. Hosted on the Binance Smart Chain, Lucky Block aims to eradicate all barriers to entry to create a 'worldwide lottery', where all entrants have greater odds of winning a jackpot than with traditional lottery systems.
Lucky Block's lottery is facilitated through the use of LBLOCK, the platform's native token. LBLOCK is used to pay for lotto tickets and transaction fees within the platform, with jackpots also being distributed in LBLOCK. Distributing jackpots in this manner is significantly more efficient than paying winners in FIAT currency, as pay-outs can be made instantly, and multiple prize draws can be held each day.
As detailed in the Lucky Block whitepaper, this new crypto looks to give back to local communities by donating 10% of each daily jackpot to charitable causes. Although the platform isn’t scheduled to launch until March 2022, Lucky Block’s development team have already made a sizable donation to the British Red Cross and aim to make more in the future.
During Q4 2021, Lucky Block launched its token presale phase, in which early investors could purchase LBLOCK tokens at a significantly reduced price point. Presales such as this tend to ramp up the hype around a particular project – and this phase of the roadmap certainly achieved this for Lucky Block. Lucky Block’s presale sold out in just 49 days, which was two weeks ahead of schedule. As a result, the presale raised a total of $5.7 million for the platform, which the developers will use to expand the platform and boost marketing efforts.
Finally, Lucky Block recently launched on PancakeSwap, one of the most popular DEXs for BEP-20 tokens. The launch was moved up by two weeks due to the demand for this cheap cryptocurrency, with hype driven by mentions in The Herald and The Economic Times of India catching investors’ attention.
Buy Lucky Block on PancakeSwap Now
Cryptocurrency markets are highly volatile and your investments are at risk.
Why Buy Lucky Block Crypto?
Now that you understand what it is, why is Lucky Block considered by many to be the best cryptocurrency to invest in 2022? Found below are three reasons why various market commentators believe this platform to be one of the best altcoins this year:
Appealing Roadmap for the Future
One of the main reasons why Lucky Block may be the next cryptocurrency to explode is the platform’s exciting roadmap. This roadmap is detailed clearly on the Lucky Block website and in the platform’s whitepaper, highlighting the development team’s future plans. Right now, Lucky Block is in Phase 3 of the roadmap, which will see the team focus on constructing the Lucky Block mobile app and desktop app, along with launching an extensive digital ads campaign.
Notably, Lucky Block also intends to apply for a listing on Binance, which is the world’s largest crypto exchange as measured by trading volume. Along with this, Lucky Block’s developers aim to obtain listings on CoinMarketCap, CoinGecko, and CoinSniper, which will significantly boost the visibility of the token.
Finally, Phase 4 will see some grand plans come to fruition. These include the creation of Lucky Block merchandise, hosting fundraising events, developing crypto education platforms – and even launching Lucky Block NFTs!
Ability to Generate a Passive Income Stream
A total of 10% of Lucky Block's jackpots will be distributed back to LBLOCK holders as a reward for holding the token. These rewards are distributed regardless of whether you enter the lotto draw or not – all that's required is a crypto wallet to be connected to the Lucky Block platform. Notably, these rewards will increase as more people enter the lotto draws, allowing long-term holders to benefit from Lucky Block rising in popularity.
Huge Buzz Around the Project
There is already a great deal of hype around Lucky Block, with multiple top media outlets saying that LBLOCK could be the best new cryptocurrency to invest in this year. In addition to the media hype, Lucky Block has also built up a strong community already, with a dedicated subreddit being launched and over 21,000 members in the platform’s Telegram group.
How to Invest in Lucky Block?
Finally, you’ll be glad to know that the process to invest in this new cryptocurrency to buy 2022 is relatively straightforward and doesn’t require any in-depth knowledge of the crypto market. Found below are the four quick steps that you need to take to buy Lucky Block right away:
Step 1 – Create a Crypto Wallet
You'll need to create a crypto wallet to store your LBLOCK after purchase. There are numerous crypto wallets to choose from, although we'd recommend using MetaMask, as this wallet supports BEP-20 tokens and is easy to set up.
Step 2 – Buy BNB
Once you’ve set up your wallet, create an account with a reputable broker to crypto exchange and purchase some Binance Coin (BNB). Since LBLOCK is listed on PancakeSwap, you’ll need some BNB to exchange into LBLOCK tokens.
Step 3 – Connect Wallet to PancakeSwap
Head over to the PancakeSwap website and click ‘Connect’. On the page that appears, follow the on-screen instructions to link your wallet to the exchange.
Step 4 – Buy LBLOCK
You can now search for ‘LBLOCK’ using the PancakeSwap search bar, which will take you to the token’s listing page. On this page, click ‘Trade’ and decide how much BNB you’d like to exchange for LBLOCK. Once you’re happy with everything, confirm the exchange, and the corresponding number of LBLOCK tokens will be automatically transferred to your crypto wallet.
Buy Lucky Block on PancakeSwap Now
Cryptocurrency markets are highly volatile and your investments are at risk.
