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# What is Lucky Block (LBLOCK)

Lucky Block envisions a worldwide lottery with players using Blockchain protocols, operating on the Binance smart chain. The focus of Lucky Block is to develop further transparency and fairness in gaming, creating a lottery where evry player has better win odds while providing a solid investment strategy for token holders and contributing to the community. 

LBLOCK is the fastest growing cryptocurrency in history.

# What Makes Lucky Block (LBLOCK) Unique?

Blockchain technology allows for faster (instant usually) prize pay-out alongside full tracking and recording, regardless of the win size via Distributed Ledger Technologies. In addition, blockchain certifies both players and their tickets, reducing the likelihood of information loss, destruction or tampering.

There are high costs to operate a lottery, which can impact revenue for prize formation and pay-out. If a lottery can reduce costs, there is more money for larger prizes and technological innovation, changes which are ultimately beneficial to players.

Lucky Block will reduce draw times and allow multiple draws per day, giving players more chances to win while lowering costs per lottery. In addition, low margin operations will allow players to partake in lotteries aligned with their risk appetite for better odds.

# How is the Lucky Block (LBLOCK) Network Secured?

Increased security, transparency, and resilience are fundamental features of blockchain technologies. The Blockchain distributed database is transparant by default as information is publicly available with anybody able to view transactions and draws. This ledger of interactions prevents indetectable system tampering. Additionally, any modification to the Smart Contracts Governance is subject to a three-day time-lock of platform features which means any changes are available to 3rd party review before implementation.


# How many LBLOCK coins are there in circulation?

100,000,000,000

10% Private sale
22.5% Presale
2.5% Locked liquidity Pancake Swap
20% Team allocation
20% Partners
22.5% Marketing and CEX listing
2.5% Dev team

Transcational tax:
4% Lottery Pool / 4% Liquidity Pools / 3% NFT & Gaming Royalty Fund
1% Token Burn / 12% Transaction Fee on Sale

Jackpot distribution:
10% Charity / 10% LUCKY BLOCK / 10% Token Holders / 70% Winners

**Burn calculation**

Based on two case scenarios:
$10,000 transaction volume per day
$100,000 transaction volume per day

Average value over potential according to market dynamism:
Volume -$10,000
Transactions -450 per day
Token burn rate -1%
Token value - $0.008
Average tokens - 2777.77 transaction
Market cap -$800,000,000 (0.008*100Billion)

Disclaimer – value calculated on the exponential factor with median calculation for average

Token burn:

= [ transactionquantity/100 ] * [ 1 + ( volume / total supply price)] days = [ 4502777.77/100] * [ 1 + ( 10000usd/100billion0.008)]1
= 12500 * (1.0000125) 1
=12500.0156 tokens

The deflationary exponential factor can be projected as follows:
Token burnt at the end day alone of 50 years (18250 days) = 12500 * (1.0000125) 18250
= 15703 tokens

Token burnt at the first day alone of 50 years = 12500.0156

Exponential growth is the same but in reverse order:
The average % of token burn
rate change over 50 years = 15703 - 12500.015625 / 18250 days = 0.175505%

The total tokens for 10,000 transactions each day up to 50 years
= [(1570318250 days) + (12500.015618250 days)] / 2 = 514,704,750 tokens/ 2
= 257,352,375 or 257 million + token burn for 50 years

The rate of token burn (done on deflationary exponential growth of the token value for every day) means the value of a token willincrease in the below calculated value for every day:

Token price growth = token current price * rate of token price change: = 0.008 + ( 0.008 * 0.175505)
= 0.0094040 price of a token

So, if the value of the current first day token is 0.008 and the transaction is $10,000, then after token burn, the next day value will be 0.0094040 per token.

This results in an increase in next day token value if burn happens with the above configuration.
For 100 years 500 million+ tokens will be burnt based on this model.

However if the volume is $100,000 per day instead of $10,000:
The burnt value will be 25 billion+ tokens in 50 years and 50 billion tokens burnt in 100 years.

# Who is the Lucky Block (LBLOCK) team?

Scott Ryder (CEO) https://www.linkedin.com/in/scott-ryder-37061858/

James Bason (CPO) https://www.linkedin.com/in/jamesbason/

James Thatcher (CTO) https://www.linkedin.com/in/james-thatcher-01538520/

Nelson Campelo (CMO) https://www.linkedin.com/in/nelson-campelo-2590ba90/

Alkesh Gupta (Lead DEV) https://www.linkedin.com/in/alkeshgupta/

Darnel McWilliams (Marketing) https://www.linkedin.com/in/darnell-mcwilliams-b5b3028a/

Oliver Calveley (CCO) https://www.linkedin.com/mwlite/in/oliver-calveley-b024503a

Will B. (Business DEV) https://www.linkedin.com/in/will-b-b85b29141

# Where can i buy LBLOCK?

LBLOCK is available to buy on a growing number of decentralised and centralised exchanges including Pancakeswap and Lbank. Futher CEX lisitings pending with updates provided in the offical [Lucky Block Telegram.](https://t.me/LuckyBlockChainTG)

# Related pages

Read about [Binance Coin (BNB)](https://coinmarketcap.com/currencies/bnb/) — the token that powers the Binance Smart Chain.

Take a deep dive into [decentralized finance (DeFi)](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) with CoinMarketCap Alexandria.

Browse the [CoinMarketCap Blog](https://coinmarketcap.com/alexandria) to discover the latest insights and market trends.




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