In a big win for Lucky Block, the NFT competitions platform, Gate.io has announced that the LBLOCK token will list on the exchange in the week commencing 12 September 2022.
LBLOCK’s listing on Gate.io is likely to lead to a further increase to the price of LBLOCK on centralised exchanges.
Gate.io is ranked the fifth-largest centralised exchange by verified 24-hour trading volume, according to leading crypto data sites Coinmarketcap and CoinGecko.
The listing will lead to a large injection of liquidity into the LBLOCK markets. At least one other major CEX listing is thought to be in the pipeline for September, but our sources say this is yet to be confirmed.
An exact date for the Gate.io LBLOCK listing will be announced closer to launch week.
Lucky Block price prediction: LBLOCK V2 on Gate.io will boost price and liquidity
Lucky Block has two tokens – the original LBLOCK V1, which runs on the BNB Smart Chain, and LBLOCK V2 introduced recently that is an ERC20 Ethereum-compliant token.
The V2 version of LBLOCK was introduced specifically to secure listings on centralised exchanges, because this version of the token does not have any transaction taxes associated with it. By contrast the V1 token has a tax on sales of 12% on the decentralised exchanges where it trades.
Holders of the LBLOCK V2 token pay no tax on buys or sells. The V2 token is currently listed on the LBank and MEXC exchanges.
The LBLOCK price is likely to see a significant increase in price due to the upcoming listing. LBLOCK recently spiked to $0.0044 on LBank, so the prospects of a more consistent price pump are well-founded.
More CEX listings help prepare the ground for Ethereum bridge
The prices of the two token have seen a spread develop while the community awaits the introduction of the bridge between the two.
Lucky Block’s bridge is a critical piece of infrastructure, which will enable holders of both tokens to exchange in both directions, is currently being audited by Certik.
Our sources indicate that the bridge could be live in September. If that comes to pass, it would be the optimum time for the bridge’s release, especially if it follows on from the listing on Gate.io and perhaps other major exchanges too.
LBLOCK V2 is currently trading on the LBank exchange priced at $0.002278.
Those holders of the LBLOCK V1 token looking to transfer to V2 will still pay the 12% sale tax – the V1:V2 exchange rate is 0.88:1, but those moving in the opposite direction will not pay the tax.
Lucky Block NFT Competitions – win $1 million worth of bitcoin
Lucky Block NFT competitions are entered into buying an NFT in the collection that is minted for each prize.
There are some eye-catching prizes to be won – $1 million worth of bitcoin, a house, VIP tickets for the FIFA World Cup and a Bored Ape Yacht Club NFT, to name just four. The prizes are bought on the NFT marketplace partner, LaunchPad.
In addition, the jackpot prize draws are ow being run daily with recent prizes featuring winning of around $4k for lucky LBLOCK V1 token holders.
If you hold more than $500 worth of LBLOCK V1 tokens on the day before each draw you can claim a free entry ticket to the jackpot.
Jackpot tickets can be bought with LBLOCK V1 tokens for $1 each; the minimum purchase amount is $5.
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