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Lucky Block $1m BTC jackpot: How to enter LBLOCK platform competition

By Darius McQuaid

12:22, 12 October 2022

Lucky Block logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on 14 June, 2022
To have a chance of winning the prize, you must purchase a lucky block NFT - Photo: Getty Images

Lucky block (LBLOCK), the non-fungible token (NFT) competitions platform is offering the chance to win $1m in bitcoin (BTC).

If a BTC1M LBLOCK NFT is purchased, the owner is entered into the opportunity of making their “dream come true” and receive $1m in BTC.

The prize draw ends when all the LBLOCK NFTs sell out. The NFTs can be purchased on launchpad.xyz. Each NFT costs $71.97. Additionally, you can hold the NFT in your wallet and earn rewards.

This is not the only high-profile prize on offer through LBLOCK, other competitions on lucky block give people the opportunity to win a Lamborghini, a $1m house in the UK, a five-star pre-paid holiday to one of four locations and a Bored Ape Yacht Club (BAYC) NFT worth $120,000 (£108,000).

To win the other prizes on offer you must also purchase an NFT.

Lucky block Bridge and Burn programme

Scott Ryder, lucky block’s CEO, announced via Telegram that from 30 September 2022, the crypto will start a monthly 1% burn programme “to support the LBLOCK price”.

The burn will transform LBLOCK into a deflationary asset, as 36.5 million tokens will be erased from the market in September from its maximum supply of 3.65 billion.

Ryder also announced the ethereum bridge solution for moving between the LBLOCK ethereum V2 token and Binance BNB Smart Chain V1 versions of the coin that went live 3 October.

BCH/USD

385.45 Price
+0.070% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50

XRP/USD

0.57 Price
-0.260% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

DOGE/USD

0.12 Price
+3.200% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

ETH/USD

3,464.16 Price
+1.350% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

The bridge was verified by the crypto security firm Certik and will allow holders to convert each V1 coin to 0.88 V2 coins.

The digital asset is now listed on three crypto exchanges: Uniswap, MEXC Global and LBANK.

Ryder said: “There has been a lot of uncertainty and, dare I say, fear, uncertainty and doubt (FUD), hanging over the project. As always, the best rebuttal is to deliver the product. To that end my team has been hard at work delivering and executing.”

The lucky block CEO has also hinted at “some exciting Web 3.0 partnerships” taking place in the future.

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LBLOCK V2 token up but V1 down

As there are two LBLOCK tokens, V1 and V2, it has two separate prices, with V2 being up by 4.73% to $0.0001987 earlier on 12 October according to CoinMarketCap, after the $1m BTC lottery news.

However, V1 is down by 0.48% to $0.0001789.

Markets in this article

BTC/USD
Bitcoin / USD
65709.80 USD
1802.85 +2.830%

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