With its launch in mid-July, Lucky Block V2 has now also been listed on Gate.io while already being listed on LBank and MEXC exchanges. It has garnered attention for its expected bridge between the two tokens by Lucky Block which will enable holders of both tokens to exchange in both directions.
What Is Lucky Block?
Lucky Block or LBlock was launched in 2019 by founder and CEO Scott Ryder as a token to be easily traded on decentralized exchanges. It is an open-source blockchain protocol which also allows developers to run high-performing blockchain applications. It’s widely known in the gaming community and also performs payouts and cross-game asset exchange.
Why Should You Become A Holder?
Recently the value of LBlock has risen nearly 266% on the day it was listed on MEXC. Within the current value, holders will receive 0.94 V2 token for every V1 token they own as the Lucky Block bridge is not ready yet due to being audited by certik which will prevent the subject of cyber-attacks.
Due to this, those who are willing to transfer from V1 to V2 will still have to pay the 12% sale tax, although it won’t apply the other way round. Due to its higher transaction speeds of up to 10000 TPS, it can support many commercial-scale centralized apps. With its recent NFT competitions, it’s providing some very competitive prices like a $1 Million home, a bored ape NFT, tickets to the FIFA world cup and many more prizes are brought to the marketplace partner, LaunchPad.
Right now, LBlock is a good option to hold on to as it is already near its all-time high and is not expected to go down any time soon. It is expected to be listed on even more exchanges by the end of this year.
What To Expect From Lblock V2 Being Listed On Gate.Io?
LBlock’s upcoming listing on Gate.io will lead to a further price increase on centralized exchanges. The liquidity flowing in is expected to increase drastically, and at least one other major CEX is expected to list LBlock V2.
After being listed on the Pancakeswap exchange, Lucky Block has gone from pre-sale raise of $5 million to $200 million. With the launch of its new NFT game, players and holders will also get a chance to win $10,000 every day, and with it being recently spiked to $0.0044, the prospects of a more consistent price pump are well-founded.
Conclusion
Apart from the sale tax on the exchange from V1 to V2 there are no particular cons regarding LBlock.
Even for the bridge between the two which is already promised by the developers, the audit is very much required as we all first-hand witnessed the cyber-attacks on Ronnin Bridge from AXS ecosystem and the recent exploit on nomad bridge, both of them costing developers and holders several hundreds of millions of dollars.
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Source: https://insidebitcoins.com/news/lucky-block-lists-lblock-v2-on-gate-io-exchange