Lucky Block crypto, after launching the pre-token offering at the beginning of December 2021 and the massive success that ended at the end of January 2022, is poised to become one of the most promising cryptocurrencies in the blockchain world.
Lucky Block differs from its innovative project focusing on a blockchain-based crypto lottery that will revolutionize the world of 360-degree gambling. Moreover, the first weeks of the new year saw Lucky Block cryptocurrency successfully close the pre-sale phase.
As a result, its value has skyrocketed and we will likely soon see it in the following lists in the most popular cryptocurrency exchanges.
in detail, What is Lucky Block encryption?
Lucky Block is a blockchain platform for lotteries and other casual gambling games. The platform uses decentralized smart contracts to make the entire process fair and transparent. In specific terms, this means that all accounts, Decentralized payments and withdrawals.
In fact, the founders of Lucky Block say that traditional lottery games have some drawbacks, which negatively affect player transparency and winning percentages.
This is why the creators of Lucky Block set themselves the goal of developing a decentralized and globally usable lottery platform based on blockchain technology.
With this technology, it is in fact possible to obtain a high degree of transparency, since all transactions and operations are recorded on the blockchain and can be viewed by anyone. This provides a higher level of confidence than traditional lotteries.
The decentralized organization also ensures that the platform is significantly more secure than a central server or physical withdrawal methods. Central servers are vulnerable to hacker attacks and analog designs can be tampered with with relative ease.
Moreover, decentralized platforms like Lucky Block have clear advantages over traditional systems in terms of costs. Drawings and payments can be made with minimal administrative effort. This allows for higher profit rates and significantly faster payouts.
How does the Lucky Block crypto project work?
As mentioned earlier, Lucky Block is poised to revolutionize the online gambling and gaming industry (An industry that will be worth $433 billion in 2026). However, there are many exceptions, depending on the country in which you bet or play online.
In the case of Lucky Block, its lottery games will be accessible to anyone from anywhere, which should translate into big prizes for participants. However, for the Lucky Block cryptocurrency, that’s not all.
In fact, Lucky Block aims to create a global lottery based on blockchain technology. The project was created on Binance Smart Chain. Blockchain is ideal for this use case because it is secure and also allows for fast and cheap transactions.
Thanks to these characteristics, Binance Smart Chain can be an alternative to Ethereum Thus it is a good choice from Lucky Block.
Either way, the Lucky Block lottery is no different from traditional lotteries in the way it works. Players can buy a ticket for the upcoming draw for the price of one Lucky Block crypto. Users can also purchase multiple tickets to increase their chances of winning.
Once the deadline for accepting bets has passed, the winning ticket will be drawn. The drawing will be done randomly using the Random Number Generator. This randomness ensures that the lottery is not rigged.
After the draw, the winners’ winnings are automatically credited. In most cases, the winnings are paid out immediately after the withdrawal.
A special feature of Lucky Block is the distribution of profits: while 70% of the jackpot goes directly to the winner, the remaining 30% is distributed to token holders, non-profit organizations and the Lucky Block Fund.
Why is Lucky Block innovative and special?
The innovation of the Lucky Block system is special because it is a true alternative to the old lottery system.
These are generally centrally regulated, lack transparency, involve high costs and are vulnerable to hacker attacks. High administrative costs, in particular, ensure that players have very low odds of winning and must place relatively high bets in order for lotteries to operate profitably.
This is where Lucky Block differs: it aims to offer a more transparent, fairer, secure and profitable alternative. Thanks to the decentralized functionality, this lottery is less vulnerable to hacker attacks and can also operate more efficiently.
In addition, the cost savings compared to traditional lotteries are huge, and players benefit from higher odds and more frequent draws.
The also great project in marketing: the campaign
No matter how great a cryptocurrency project is, without the right marketing campaign, the project will not receive exposure. This is crucial when you consider that there are now over 16,000 cryptocurrencies on the list CoinMarketCap.
With this in mind, the Lucky Block team has organized a massive marketing campaign that will be implemented on a global scale. At the moment, the Lucky Block cryptocurrency has already been unveiled in London, with the cryptocurrency advertised on subways, taxis and buses.
This happens in conjunction with a significant content marketing campaign consisting of articles, press releases and market insights on Lucky Block. Moreover, soon Lucky Block and its promotional campaign will reach the Italian market.