Lucky Block, The Crypto Lottery – Beginner’s Guide

Just an FYI, I don't own this crypto, I just thought it was interesting idea.  It does open the door to safeguarding online betting.

Lucky Block, a new crypto, envisions a worldwide crypto lottery with players using blockchain protocols, operating on the Binance Smart Chain.

"We believe the lottery should not be bound geographically or tied to local financial systems," shared the creators of Luckyblock. "Instead, our focus is to develop further transparency and fairness in gaming, creating a lottery where every player has better odds of winning while providing a solid investment strategy for token holders and contributing to the community."

Lottery odds are by definition extremely high, and they are centralized meaning players can't see where all the money is going or what percentage is paid out. Additionally, platforms on a centralized server are vulnerable to hacking, while physical systems are more likely to experience 'fixing' or rigging of the game. With Lucky Block, every transaction is logged in the blockchain for increased visibility. This ledger of interactions prevents undetectable system tampering for rigging. With the Lucky Block chain, the community can vote as to which causes are granted.

This idea will reduce draw times and allow multiple draws per day giving players more chances to win while lowering costs of running each lottery. Being on the blockchain allows for faster prize pay-out alongside full tracking and recording, regardless of the win size via distributed ledger technologies.

32,500,000,000 tokens were available by February 1, 2022, to allow early adopters in at an advantageous rate. Of the presale launch proceeds, 20-25% will be allocated to the liquidity pool via a 1-year smart contract lock-up.

When the jackpot is distributed, 70% goes to winners, and the remaining 30% is evenly distributed to token holders, back to Lucky Block, and charity.

Key points on Lucky Block

  • Lucky Block is a crypto-lottery platform hosted on the Binance Smart Chain.
  • Due to the public nature of the blockchain, Lucky Block is able to make lottery draws fairer and more transparent – reducing the potential for fraud.
  • As prize draws will take place on the blockchain, pay-outs can be larger and quicker than traditional lottery draws.
  • Investors can buy Lucky Block coin right now via PancakeSwap with BNB and BEP20 tokens.
How to Buy Lucky Block – Quick Steps

If you’re looking for a quick rundown of how to buy Lucky Block, then look no further. By following the three short steps below, you’ll be able to invest in Lucky Block through the decentralized exchange PancakeSwap – all in a matter of minutes.

  • Step 1 – Head to over to PancakeSwap: Connect your Binance Smart Chain-friendly crypto wallet by tapping on ‘Unlock Wallet’.
  • Step 2 – Add Lucky Block Contract Address – When trading crypto tokens via PancakeSwap you will need to specify which token you want to buy in exchange for BNB. The Lucky Block Contract Address is 0x2cD96e8C3FF6b5E01169F6E3b61D28204E7810Bb.
  • Step 2 – Enter investment – Specify the amount of BNB that you want to exchange for LBlock. The corresponding amount of Lucky Block tokens will be displayed based on real-time market prices.
  • Step 3 – Confirm – Check your choices and tap on the button marked ‘Swap’. Then tap on ‘View on BscScan’ to review the full details of the transaction.
  • Step 4 – Add Lucky Block to your Crypto Wallet – Sometimes, you may be required to manually add LBlock to your crypto wallet. This is done easily by importing the tokens with the aforementioned contract address.

I have no idea about this crypto, just thought it was interesting.

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