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On October 3 Lucky Block Ethereum Bridge for LBLOCK V1 and V2 Will Go Live

On October 3 Lucky Block Ethereum Bridge for LBLOCK V1 and V2 Will Go Live

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NFT competition platform Lucky Block announced today that an Ethereum bridge solution for traveling between the Ethereum (V2) and BNB Smart Chain (V1) versions of the currency will be implemented on October 3, 2022. This will allow users to move between the two versions of the coin more easily.

Ever since the LBLOCK V2 token was first traded on the LBank platform on July 27, 2022, the active Lucky Block community has been patiently waiting for the currency to debut.

Since then, LBLOCK V2 has been listed on centralized exchanges MEXC and Gate.io (CEX).

The team expects the bridge audit to be completed within the next two weeks, when it will undergo Testnet testing, according to our existing sources.

The bridge code has been checked by CertiK and the pass testing is still in progress.

Hackers are able to target bridges because they transfer large sums of wealth between blockchains that would otherwise be unable to communicate with each other, and because of the somewhat complex nature of the programming involved in the process.

Buy LBLOCK V1

Smooth transition from LBLOCK V1 to V2

With the launch of the bridge, the transition between LBLOCK V1 and V2 will be smooth, and the price gap between the two iterations of the currency is expected to close as a result.

Users can add funds to one side of the Lucky Block Ethereum Bridge, enabling the bridge to function. This is achieved by the user opening a delivery in the chain where the funds are deposited, and the user locking the delivery in the chain from which the funds are transferred.

Due to the challenges of listing the original BEP20 currency on CEX, the Lucky Block team decided to produce LBLOCK V2.

The fact that the V1 version, which works on decentralized exchanges like PancakeSwap, imposes a 12% fee on sales, caused the challenges faced.

LBLOCK V2 has no taxes, making it an excellent choice for CEXs and traders. On the other hand, LBLOCK V2 holders do not have the useful benefit of being eligible for prizes from the daily draw jackpot.

Also, you cannot use LBLOCK V2 to buy entry tickets to the daily jackpot. It is hoped that in the near future the jackpot product would be managed by customers in the form of a decentralized autonomous organization (DAO).

Buy LBLOCK V2 at MEXC

Lucky Block NFT Competitions are now live! Win $1 million worth of Bitcoins

To participate in NFT contests organized on the Lucky Block platform, a consumer only needs to purchase an NFT from a collection minted specifically for that prize.

NFT holders not only have a chance to win the prize, but also get benefits from the transaction fee pool for as long as they own the NFT. NFT also includes original jpeg art in its packaging.

There are currently a variety of prizes up for grabs, all worth $1 million. Some of them are bitcoins, Lamborghini, Bored Ape Yacht Club NFT, house and five star vacation (to participate in this raffle, you need to buy Lucky Block Platinum Rollers Club NFT).

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