Last week, the most anticipated LBLOCK ERC-20 token was listed on LBank, a controlled exchange. The price of lucky block increased by unexpected percentages after listing on CEX.
This, followed by the news of tax-free ERC-20 Lucky Block V2 tokens, seems to have caught the attention of cryptocurrency investors interested in it.
Your capital is in danger.
Lucky Block LBLOCK V2 is taking the market by storm
With a 24-hour trading volume of 1,298,757 USD, the Lucky Block Prize is currently $0.00271 and is among the top earners in Lbank. In the last 24 hours, Lucky Block has increased by 17.57%. With a market capitalization still unknown. There is a maximum supply of 10 billion LBLOCK coins.
LBLOCK could retrace much higher from here if it breaches the primary resistance level above $0.0023, according to highly significant technical indicators.
As more CEX listings for the LBLOCK coin are expected in the coming weeks, LBLOCK should show an uptrend. The CEX listing for LBLOCK took place at MEXC Exchange today.
No more taxes on LUCKY BLOCK’s ERC20 token
Good news for potential Lucky block investors, the tax associated with LBLOCK V1 transactions is no longer applicable to LBLOCK V2 transactions. The V2 update has come into effect without taking any transaction fees and also will not be rewarded with the Lucky Block prize pool. On centralized exchanges like LBank, where it started trading today, as stated by LBank, the V2 cryptocurrency is better suited for day trading and speculation.
The implementation of V2 in July 2022 did not include transaction taxes or jackpot prizes, making it more suitable for day trading and short-term speculation on centralized exchanges.
On DEXs i.e. sales of LBLOCK V1 are taxed at 12%, compared to 6% on LBank for purchases and sales, although this is no longer the case since LBank moved to V2 . You can buy lottery tickets using V1, BEP-20 token, get incentives and pay 12% sales tax.
LBlock’s CEX listing on MEXC predicts good results for Lucky Block
Lucky Block took to Twitter to announce his CEX list on the MEXC Global exchange today. As MEXC is one of the major players in the centralized exchanges, the Lucky Block is expected to generate massive profits with sub-10x returns.
Within the Lucky Block community, LBLOCK token is offered in two versions, V1 and V2. Two tokens are connected to each other by a bridge in order to keep the prices of the two different versions of Lucky Block equal. The bridge is currently undergoing safety testing and should be available soon.
The initial iteration is known as V1, and it uses the BNB chain and is a BEP-20 token supported by decentralized exchanges like Pancake Swap. Centralized exchanges support the second version, an ERC-20 coin known as V2.
Version 1 of LBLOCK is a BEP20 compliant token, and owners who hold it and select a charity as jackpot recipients will benefit from the jackpot pool.
The V2 token, on the other hand, cannot be used to purchase lottery tickets and does not draw prizes from the lottery pool. V2, an Ethereum-based cryptocurrency, will only be available on centralized exchanges, and all sales and purchases will be tax-free. The need for the V2 update arose because it makes it easier for centralized exchanges to list the coin, broaden its appeal, and increase its liquidity.
Your capital is in danger.
The token also passed an extensive third-party security assessment by Solid Proof. Long-term investors in Lucky Block can still use the rewards program on decentralized exchanges as the V1 coin will be maintained.
You can start trading and buy Lucky Block from Lbank today.
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