Lucky Block Bridge Goes Live - LBLOCK Price Could Surge
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The long-awaited Lucky Block went live yesterday, providing investors a way to easily exchange their BEP-based LBLOCK V1 tokens for the new and improved ERC-based LBLOCK V2 tokens.
Lucky Block is a competition platform that utilizes NFT technology in order to create a fair and highly efficient platform. The project hosts a plethora of competitions with huge prizes which include $1 million in Bitcoin, a Lamborghini, and even a luxury property.
Each competition can be entered by purchasing the relevant NFT from Launchpad.xyz. Each NFT features a unique design and an individual number used to determine the winner of the jackpot. After a drawing has concluded, each NFT still provides its holder with value. Any Lucky Block NFT holders will receive a portion of the rewards pool daily, ensuring that the NFTs have value outside of just the drawing.
Near the end of July, the LBLOCK token switched from Binance's BEP standard to the more common ERC standard pioneered by Ethereum. This change allowed the LBLOCK to be listed on centralized exchanges including MEXC, Gate.io, and LBank. However, it also resulted in two different tokens being created, each using its own architecture.
The creation of two LBLOCK tokens fragmented holders, hindering upward price action. To solve this issue, the Lucky Block team created a token bridge allowing holders to swap their BEP-based LBLOCK for the new trading-friendly variant.
After much anticipation, the Bridge went live yesterday, October 3rd. This led many V1 investors to swap their tokens for the new V2 version, boosting the daily trading volume by around
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