If you’re a Lucky Block investor, you should be expecting your portfolio to grow as the listing of LBLOCK V2 on Gate.io comes near.
As a token that made its name by being the fastest crypto to reach a billion-dollar valuation, Lucky Block can be expected to provide good returns to investors, as it’s been historically known to do so. The last time the crypto was announced to be listed on a major exchange, it increased by more than 2X.
Gate.io is the fifth largest centralized exchange, and this announcement is suggested to be a big win for the project by the team.
The listing is announced to commence on the platform on 12 September 2022, and with this listing, there will be an addition of liquidity to the LBLOCK markets. Along with this listing, there is another listing expected to happen in September, however, the details regarding that are unclear.
The exact date of the listing will be announced as the launch week approaches.
What is Lucky Block V2?
The initial version of LBlock was launched in 2019 as an open-source blockchain protocol that allowed developers to run blockchain applications and be used for conducting payouts and exchange of cross-game assets.
Lucky Block V2 is an upgrade over its previous native token. Created to increase liquidity, awareness and accessibility by listing on many centralized exchanges, including LBANK and MEXC.
LBLOCK charged its users a 12% transaction fee to discourage speculative behavior, and this wasn’t approved by centralized exchanges, which created a need for the inception of a token that did not have this condition.
With the launch of this new token, Lucky Block has also altered its business model where users can now participate in games and win prizes such as $1 million in Bitcoin, a house and VIP tickets for the FIFA World Cup.
Lucky Block V1 holders will be able to exchange their tokens to the V2, and vice-versa, with the help of Lucky Block’s bridge. Currently, the bridge is being audited by Certik as a requisite for the Binance Smart Chain to support the protocol.
After the bridge is live, Lucky Block V1 holders will have to pay a 12% tax to exchange their tokens for V2. However, those doing it the other way around won’t have to pay the tax.
LUCKY BLOCK V2- Price Prediction
LBLOCK V2 price hit the bottom in May as did the prices of most other cryptocurrencies, due to the Terra crash, and hovered around the bottom in June amidst the fears from Celsius liquidation. This was at a time when Bitcoin was bordering $17,000 levels and Ethereum dropped to less than $1000 on Binance.
The original Lucky Block token is known to have spiked after its first CEX listing and the MEXC listing that pumped the price by 50%. This listing for V2 is expected to trigger a similar price movement. The token can be expected to cross $0.003 before the end of this year. However, all predictions remain speculative.
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