The Lucky Block Casino, holding LBLOCK as its native cryptocurrency, is paving the way for its potential ascent in the gambling industry. The fully convertible Ethereum variant of the native coin is set to launch in September following its integration in April 2023. The transition is booked for two stages: September 11-17 and September 25 – October 1. The technological complexities involving bridging cryptocurrencies will largely remain inconspicuous to the user, who can connect their wallet and swap tokens on the official website during these windows.
The Ethereum-compliant LBLOCK V2 token is presently marked at a nifty $0.00009085, and the bolster points to its sustained growth. Code tinkerers have released a guide and comprehensive FAQs on the bridging process, a major step in pivoting LBLOCK as the go-to token in gambling. However, it’s worthy of note that transactions with Ethereum incur costs, allowing for a bypass of the 12% transaction tax.
Its most recent advancement lies in its Telegram bot for the casino and sportsbook. The shift to Ethereum has its appeal with the premium price of the ERC-20 token and potential exposure to larger scale business operations, chiefly due to Ethereum’s stand as the principal hosting network for decentralised applications. That said, the technological intricacies involved does raise security and testing concerns, limiting bridging access to precise windows.
On addressing concerns regading token value, community manager Damian Jacobs assuages fears, “The growth plans we have for the token will place its holders at the cutting edge of our booming industry.” the rising tide lifts all boats as LBLOCK holders bear witness to the implementation of a variety of crypto-based features and an introduction to unparalleled access and prize features.
The latest LBLOCK V2 token has already found a seat on top centralized exchanges like Gate.io, MEXC and LBank. Fortunately, putting an end to the confounding co-existence of the two LBLOCK versions does set a clearer path for the token’s future on more centralized exchanges. As expected, with prominence, comes scrutiny. The burgeoning influence of LBLOCK is also drawing the unblinking eyes of rival casinos, amid the business development team’s pursuit of fostering newfound alliances. With a market cap at $9,489,804, LBLOCK stands tall as the 11th-ranked coin in the crypto gambling sector.
Traditional online betting is steeply valued at $63.5 billion in 2022 and its predicted growth at a CAGR of 11.7% paves the way for the mighty entrance of crypto-facilitated gambling, and quite likely, that of Lucky Block. While the overnight transformation into a crypto casino asset is tempting, it’s essential to keep an eye on the possible hitches down the road. Nonetheless, the future indeed looks exciting and justifiably, a bit of a gamble.
Source: Cryptonews
