How to enter LBLOCK platform competition

The Lucky Block logo and depiction of cryptocurrencies displayed on a phone screen can be seen in this illustrative photo taken on June 14, 2022 in Krakow, Poland
To stand a chance of winning you need to buy a lucky NFT block – Photo: Getty Images

lucky block (LBLOCK), the non-fungible token (NFT) competition platform, is offering a chance to win $1 million in Bitcoin (BTC).

If a BTC1M LBLOCK NFT is bought, the owner gets an opportunity to “make their dream come true” and receive $1 million in BTC.

The raffle ends when all LBLOCK NFTs are sold out. The NFTs can be purchased at Each NFT costs $71.97. In addition, you can keep the NFT in your wallet and earn rewards.

This isn’t the only high-profile prize being offered by LBLOCK, other lucky block competitions give people the chance to win a Lamborghini, a $1million home in the UK, a five-star prepaid holiday at one of four locations up for grabs and a Bored Ape Yacht Club (BAYC) NFT worth $120,000 (£108,000).

In order to win the other prizes on offer, you must also purchase an NFT.

Lucky Block Bridge and Burn program

Lucky Block CEO Scott Ryder announced via Telegram that starting September 30, 2022, the crypto will launch a monthly 1% burn program “to support the LBLOCK price.”

The burn will turn LBLOCK into a deflationary asset as September wipes 36.5 million tokens from its maximum supply of 3.65 billion.

Ryder also announced the Ethereum Bridge solution for switching between the LBLOCK Ethereum V2 token and the Binance BNB Smart Chain V1 versions of the coin, which went live on October 3.

The bridge has been verified by crypto security firm Certik and allows holders to convert any V1 coin into 0.88 V2 coins.

The digital asset is now listed on three crypto exchanges: Uniswap, MEXC Global and LBANK.

Ryder said: “There was a lot of uncertainty and, dare I say, fear, uncertainty and doubt (FUD) hanging over the project. As always, the best rebuttal is delivering the product. To that end, my team has worked hard to deploy and execute.”

The lucky Block CEO has also hinted at “some exciting web 3.0 partnerships” to come in the future.

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LBLOCK V2 token above but V1 below

Since there are two LBLOCK tokens, V1 and V2, it has two separate prices, with V2 up 4.73% to $0.0001987 on Oct. 12 CoinMarketCapafter the $1 million BTC lottery news.

However, V1 is down 0.48% to $0.0001789.

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