The upgrade of the switch to the V2 version of the Lucky Block Token is causing concern among many investors. Users fear that switching between versions may not go well. But the Ethereum bridge, which is supposed to connect the tokens, will go live soon.
After the listing on Gate.io, the price of the V2 token fell 37.77%, but the long-planned Ethereum bridge should ensure price stability soon. With this working bridge, the upgrade to the new signaling version will only be complete.
In this article we will answer the question of whether the Lucky Block course will become more stable with the Ethereum bridge or if it could even explode.
The previous version of Lucky Token Block
Lucky Block is a blockchain gaming platform. Earlier this year, the token went live with the BNP-20 token. Player earnings, wagering rewards and charitable donations from Lucky Block are funded by the 12% transaction fees registered in the token.
Save the date! 🗓️ pic.twitter.com/KTzzFUMkXL
– Lucky Block (@luckyblockcoin) September 8, 2022
NFT collections of the token give holders lifetime entitlement to win the draws and games funded by fee income. This platinum collection is limited to 10,000 pieces.
In the past, there have always been difficulties in listing the V1 token on the central platforms. Therefore the upgrade to the V2 version has been planned for a long time.
In contrast to the V1 version, the new V2 token is intended to serve exclusively as a trading instrument, which is why no coin fees are charged. Unlike the V1, it should not be traded on decentralized platforms but on centralized platforms.
Ethereum Bridge Coming in October: What Happens to LBLOCK?
With the release of the bridge, Lucky Block creates a link between the versions, users can then convert their tokens. For the price of one V1 token you will get 0.88 V2 tokens.
The new bridge should bring price parity and long-term course stability. If you buy V1 tokens on the Binance Smart Chain, V2 tokens of the same number will be blocked. This happens automatically. Lucky Block wants to ensure that the coins develop equally on both sides.
Another interesting feature will be the establishment into the metro. Because NFTs play a big role here now.
The reactions to the planned Ethereum bridge so far have been mixed, after the listing on gate.io the price fell quickly, which caused panic among many investors, which is why there were many sales big there. Some observers criticize the implementation of the upgrade, Lucky Block should have waited for a stable bridge first and only then published the V2 token.
The delay in the development of the bridge also worried investors, and at first it seemed that there were no suitable programmers on staff. One is waiting for the bridge test, which will be done by Certik.
However, the long testing process speaks for a secure project, as there have been many cyber attacks on such bridges in the past. Of course, such events must be prevented for the sake of the investors and the project.
For the developers of Lucky Block, releasing secure rather than fast is a priority. However, a date was recently announced, the bridge is to go live on October 3rd.
Will the bridge destroy the Lucky Block course?
In addition to the bridge, other projects with the V2 signal are being planned. Soon there will be more NFT games that will be the main feature of Lucky Block gaming. With it, a large number of new and much more prizes are coming to users.
The release of the iOS app is also pending. This should also be live in a few weeks. A beta version for Android is already available. Additionally, there are additional listings to come on PancakeSwap, Uniswap, and LBank, among others.
If the bridge, the proposed listings and the new lot were to be implemented successfully there could be a significant increase in prices. According to cautious forecasts from Priceprediction.net, the price is expected to rise by 120%.
However, it remains to be seen what numbers we will soon see in Lucky Block matters, but investors should know that the direction of the price in any case depends on the success of the Ethereum bridge and the other plans in the included. However, investing now could lead to high returns due to current prices.
How to buy Lucky Block
Step 1: Navigate to the LBLOCK website
If you want to buy cryptocurrencies, you usually need a broker. However, registration is usually required first. This does not apply to the LBLOCK token, as you can simply act through the crypto website.
Step 2: Open a wallet
If you want to buy cryptocurrencies, you need a wallet to store them. There are several different options, but we recommend Metamask. It’s a browser-based wallet that’s quick and easy to set up – you’ll be up and running in minutes. Metamask is also one of the most popular wallets out there, so you can be sure that your money is safe and secure.
Step 3: Buy Lucky Block with BNB
Now the purchase of tokens can be processed. Just click on the appropriate button and follow the instructions. For this we need BNB. If you don’t have Binance Coins yet, we recommend taking a look at our BNB Buying Guide.
Once the purchase is complete, your new tokens will be automatically sent to your wallet. If the cryptocurrency is now displayed in the wallet, the purchase has been completed successfully.