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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
If you think that the upside potential with large-cap tokens like Bitcoin and Ethereum is somewhat limited – you might prefer a newly launched project.
This means that you will be buying tokens in a cryptocurrency project that is still in its infancy and thus – you'll be entering the market when prices are still low.
This article explores why Lucky Block – which has brought the lottery sector to the blockchain protocol, could be the best new cryptocurrency to invest in 2022.
The main concept with Lucky Block is that this newly launched project is looking to revolutionize the global lottery sector through the use of two emerging technologies – the blockchain and smart contracts.
In doing so, the entire lottery sector – which is typically operated on a country-by-country basis, can be brought to a single hub that functions in a decentralized manner. For example, instead of relying on centralized bodies, Lucky Block lottery outcomes are generated autonomously.
This is a huge benefit to lottery players – not least because games are usually controlled by state bodies – which operate in a non-transparent way.
Furthermore, traditional lottery bodies often keep a large percentage of collected ticket proceeds – rather than the funds being distributed to winning players. In turn, this means that players are getting a bad deal.
But, in the case of Lucky Block – a significantly higher proportion of collected proceeds are allocated to jackpot prizes and thus – players are getting more favorable odds
In order for the Lucky Block framework to function in a decentralized manner – the entire ecosystem is backed by its native digital token – LBlock. In total, 100 billion Lucky Block tokens have been created – with 32.5% of this figure already sold via the project's presale launch which sold out early.
The high demand for LBlock shows that this digital asset could be the next best new cryptocurrency to buy in 2022. The good news for those that missed the presale is that as of 6 PM (GMT), January 26th, 2022, Lucky Block tokens can be purchased via Pancakeswap.
Your capital is at risk.
You should never invest in a cryptocurrency without having first done some solid research.
With this in mind, below we explain why many market commentators argue that Lucky Block could be the next cryptocurrency to explode this year.
The first thing to note is that, unlike Bitcoin and Ethereum, you don't need to risk thousands of dollars to invest in a single Lucky Block token. On the contrary, the project listed on Pancakeswap is at a token price of just $0.00021.
In simple terms, this means that an investment of just $1,000 would get you more than 4.5 million LBlock tokens. As such, Lucky Block is a cheap cryptocurrency with huge upside potential – part of the roadmap is to be listed at major crypto exchanges which will bring more awareness to the project.
We briefly mentioned earlier that the upside on large-cap tokens like Bitcoin is now extremely limited – especially when you consider that the project has already managed to surpass a valuation of over $1 trillion.
Lucky Block, on the other hand, finished its presale launch with an approximate market capitalization of $5 million. As such, in purchasing Lucky Block at this valuation level, you've got a significant amount of upside to target.
In terms of the concept itself, Lucky Block is offering a framework for people from all over the world to engage in lottery games. This means that stakeholders are no longer capped to playing lottery games in their own country.
This could be huge for the Lucky Block network – not least because the global lottery industry is worth billions of dollars. And, with no central operator in sight, players will get a far greater deal in terms of jackpot prizes and implied odds.
Lucky Block could be the next best new cryptocurrency to invest in 2022.
And, if you agree with this sentiment, those that missed out on the pre-sale launch can now buy Lucky Block tokens via Pancakeswap. Here's what you need to do to add LBlock to your cryptocurrency portfolio right now.
You need a wallet that can connect to the Binance Smart Chain and Pancakeswap to buy Lucky Block tokens. Moreover, Lucky Block needs to be purchased with BNB.
Trust Wallet meets all of these criteria through a single app.
And, if you do not currently own any BNB to pay for your LBlock purchase – you can buy some tokens via Trust Wallet with a debit card.
Once you have BNB in your Trust Wallet, you will need to add the Lucky Block contract address. In doing so, Trust Wallet will display your LBlock token balance after you have completed your purchase.
Note: You can find the correct contact address via the Lucky Block Telegram group.
Via the 'DApps' button, find Pancakeswap and click it. Next, to select LBlock as the currency you wish to buy, paste in the Lucky Block contract address.
Finally, in the 'Amount' box located next to BNB, enter the number of tokens that you wish to exchange for Lucky Block.
Pancakeswap will then give you an approximate exchange rate – in terms of how many Lucky Block tokens you will receive.
After confirming the exchange, head back to your Trust Wallet interface to view your newly purchased Lucky Block tokens.
If you're looking for the next best new cryptocurrency to invest in 2022 – Lucky Block and its blockchain lottery concept are well worth a second look.
With a launch price of just $0.00021 per token and an approximate market capitalization of $5 million – you can invest in Lucky Block while the project is still in its infancy.
Cryptocurrency markets are highly volatile and your investments are at risk.
