Last Updated on 1 hour by cryptoevent

Lucky Block, the NFT competition platform, sees their LBLOCK V2 token catching the attention of crypto buyers today.

LBLOCK V2 is the Ethereum-based version and is trading 20% ​​higher on the centralized exchange LBank, at one point priced above $0.0030 and currently at $0.002831.

Since July 22, LBLOCK has been trading above its 50-day moving average (green line on chart) in a major bullish signal.

LBLOCK bulls received another boost when the V2 token started trading on the MEXC exchange in early August. The price rose to $0.0049 on that occasion but fell back on profit taking. LBLOCK V2 is trading on the MEXC at 0.00279.

Lucky Block LBLOCK V2 price pumps on LBank and MEXC

LBank and MEXC are the ones 15th and 17th largest exchanges by daily trading volume, according to Coinmarketcap.

However, as today’s action confirms, Nevertheless, buying pressure for the LBLOCK V2 token is building upwhich can be traded tax-free.

The V1 version of LBLOCK, available only on decentralized exchanges, entails a 12% tax on sales (which in the case of LBank was 6% on sales and purchases), but allows owners to claim jackpot rewards -Collect draws.

The V2 token was introduced as trader- and centralized exchange-friendly version of the token.

It aims to open the LBLOCK markets to the greater liquidity that exists in the Ethereum ecosystem and centralized exchanges in general, compared to decentralized exchanges like Pancakeswap where V1 continues to trade.

LBLOCK v2 was recently listed on Uniswap, further adding to the bullish sentiment.

$LBLOCK V2 Tax Free Trading is now live @uniswap

Become a holder of the V2 token, which has gained 250% in the first few days and is expected to continue to rise!

Easy

Go to https://t.co/iQy9Pc5JTA pic.twitter.com/puHhZL91aF

— Lucky Block (@luckyblockcoin) August 8, 2022

More CEX listings for LBLOCK in the works

Holders of the V1 version of the LBLOCK token await the launch of the software bridge to facilitate seamless switching between tow token types. When moving from V1 to V2, V1 will be exchanged at a rate of 0.88 to reflect the sales tax incurred on DEXs.

More CEX listings for the token are said to be in the works after LBank and MEXC, although details have yet to be released on the project’s Discord or Telegram channels.

It could be that today’s strong green candle stands in anticipation of upcoming listing announcements from market participants with inside knowledge or just a hunch.

Win $1 million worth of bitcoinWM tickets, BAYC NFTs and more

Whatever the truth, the price movements are due to growing optimism about the project as a number of initiatives crucial to the platform have now been launched and are running smoothly.

Lucky Block launched their NFT competition platform a few weeks ago and the prizes up for grabs have sparked renewed interest in the project.

Among the prizes on offer is a chance to win $1 million bitcoin, a house, a VIP trip to the FIFA World Cup and a Bored Ape Yacht Club NFT and for owners of the special Platinum Rollers Club (PRC) NFT – a Lamborghini. The PRC NFT entitles the holder to free lifetime participation in the competitions designated by the Platinum Rollers Club.

Each prize has its own NFT collection, which those wishing to enter the draws must purchase in order to enter.

Lucky Block has built an innovative NFT competition platform

However, unlike a standard draw, NFTs allow an additional benefit to be added, which in this case is prize pool rewards. NFT owners will receive the rewards as long as they own the NFT. In addition to the admission ticket, each NFT also contains a unique piece of artwork in JPEG format.

Alongside the NFT contest platform, jackpot draws are now daily and anyone with $500 or more of LBLOCK V1 tokens in their wallet can claim a free ticket. Tickets can also be purchased for $1 each, with a $5 minimum purchase.

The last daily jackpot winner pocketed $3,537.

Lucky Block continues to gain growing public profile for its products. A survey on happiness commissioned by Lucky Block was recently published in the UK national media, with articles in The Mirror and the Daily Mail.

The project has a host of boxing ambassadors including Dillian Whyte, who recently fought Tyson Fury. Other ambassadors include Joe Joyce, Florian Marku and Savannah Marshall

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