Lucky Block V2 Is Now Tradeable on Uniswap

While the development team of the Lucky Block decentralized gaming platform continues to work toward gaining the support of both centralized and decentralized exchanges in order to increase the asset’s liquidity, the tax-free version of the native token of the platform is now available on Uniswap V3.

Lucky Block tweeted yesterday that they have reached this new milestone just days after listing their V2 token on two major CEXs (LBank and MEXC).

$LBLOCK V2 Tax Free Trading Is Now Live on @Uniswap🔥

Become a holder of V2 token, that has gained 250% in the first couple of days and is expected to continue rocketing!🚀

Simply

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

— Lucky Block Casino & Sportsbook (@luckyblockcoin) August 8, 2022

 

LBLOCK has gained over 3% in the last 24 hours, and is now trading at $0.0024 per coin on an exchange with $45.42K in 24-hour trading volume.

The LBLOCK V2 token is an ERC-20 cryptocurrency designed to spread word of the gaming platform’s many advantages and boost its popularity. In the original version 1, speculative trades were subject to a tax of 12%. Since centralized exchanges forbid this feature, it was taken out of the V2 model.

As the head of product at Lucky Block, Terrence Ribaudo recently reminded the community in an AMA event, the development team is in talks with as many as 7 CEXs, thus the Uniswap listing could be the first of many to come.

The more LBLOCK gets listed on exchanges, the more liquid it will be. Further, with each additional listing, the number of market participants who learn about this novel gaming platform should grow.

What You Need to Know About V1 and V2 Tokens

Some ambiguity exists regarding the distinction between V1 and V2 tokens. The V1 currency was initially released for use in video games and may still be purchased and sold on decentralized exchanges. The 12% levy is still in effect, but resources are being prioritized for the V2 release, which the development team sees as the platform’s long-term future.

Token holders in V1 could exchange their tokens for tokens in V2 at a rate of 0.88 V2 for each V1. However, once V2 was released on LBank, the team sent out a notification asking the community to take these measures.

Once the Lucky Block Bridge is up and running, it will be the only option for making the trade. Ribaudo claims that in around 60 days, this function will be available to the public.

Ribaudo added that the V1 token will soon have its own marketing website. With the V2 being listed on major CEX and DEXs, it will be the best option for traders, while this site will concentrate on the gaming aspect of the project.

The shift away from the original value proposition of the project—gaming—has been met with some resistance from the community. The team has promised them, however, that the production of V2 coins will have only positive consequences, including price hikes.

The V1 token’s value will rise together with the price of the V2 token, since the two can be traded for one another at the previously indicated ratio once the B token has been distributed.

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A Bunch of New NFT Competitions Are Out Now

In addition to version 2.0, the project has also released a new set of non-fungible tokens (NFTs) that will allow investors to take part in contests with prizes ranging from one million dollars in Bitcoin to a Lamborghini.

Most of these new collections have a starting price of 0.66 BNB and are available for purchase on the NFT LaunchPad website. Winners will be chosen after all NFTs have been sold. Nine thousand nine hundred NFTs have been developed for the UK $1 million housing competition.

While this is going on, the approximately 2,000 investors who purchased the Platinum Rollers Club (PRC) NFT from Lucky Block will be able to take part in subsequent PRC-exclusive competitions that will provide similarly advantageous prices.