Tokenomics & Utility
5. Tokenomics & Utility
5.1 Overview
The tokenomics of LBLOCK are carefully designed to ensure robust utility, boost player engagement, maintain long-term sustainability, and support the overall growth of the Lucky Block ecosystem. LBLOCK mirrors Lucky Block's commitment to creating an environment where every participant, from players to holders, finds tangible value and incentives within the platform.
5.2 Token Specifications
Token Name: $LBLOCK V2
Blockchain: Ethereum
Total Supply: 100 billion LBLOCK
Decimals: 9
5.3 Allocation Overview
Liquidity Pool: 10% (10B LBLOCK)
Staking: 10% (10B LBLOCK)
Airdrops: 2.5% (2.5B LBLOCK)
Casino: 5% (5B LBLOCK)
Marketing: 2.5% (2.5B LBLOCK)
Current holders: 70% (70B LBLOCK)
5.4 Token Utility
Gaming Currency: LBLOCK tokens can be used across the Lucky Block Casino platform - both on web and Telegram - allowing holders to play using LBLOCK with access to over 5000 games, sports betting, and live casino features. Players are incentivized when using LBLOCK through rakebacks and cashbacks up to 15%, enhancing its utility as a gaming currency.
Exclusive Access: Certain games, missions, features, or promotions will require LBLOCK for access, creating exclusivity and increased demand for the token.
Staking Rewards: Players can stake LBLOCK to receive rewards, bonuses, or participate in special events. Staking also serves as an essential feature for long-term token holders to earn passive income.
Incentives and Promotions: LBLOCK will be the primary currency for receiving rakebacks, cashbacks, and other exclusive rewards, such as jackpot entries and free spins.
Jackpots: LBLOCK holders will be able to enter into exclusive LBLOCK specific jackpots - as well as by connecting their PRC NFTs to gain additional tickets.
Tradability: LBLOCK can be traded for other cryptocurrencies or fiat currencies on decentralized exchanges (DEXs) and centralized exchanges (CEXs), making it a dynamic asset that adapts to market trends.
Real-life Utility: Enhancing the LBLOCK token further, its use for everyday purchases will be facilitated through a third-party platform, with an anticipated launch in 2025. A groundbreaking feature that will drive demand for the token.
Futures Trading: Futures trading is another Web 3.0 feature set to launch on Lucky Block, directly aligned with the LBLOCK token. This feature will expand Lucky Block’s offerings, providing a robust platform tailored for Web 3.0 users.
5.5 Strategies for Price Stability and Growth
Strategic Buybacks: A portion of Lucky Block’s profits will be allocated to buying back LBLOCK from the market, contributing to price stability and driving potential appreciation in the token’s value.
Token Burn: A once off burn of 13B LBLOCK tokens approximately worth $250 000 was burned in 2024 - fueling price appreciation and token scarcity.
Capped Supply: The fixed total supply of LBLOCK ensures that the token is deflationary, safeguarding its long-term value and preventing inflation.
5.6 Ensuring Security and Regulatory Compliance
Routine Audits: The LBLOCK smart contracts will undergo frequent third-party audits to ensure transparency and security, protecting both players and investors.
Adhering to Legal Standards: Lucky Block is committed to complying with cryptocurrency regulations in multiple jurisdictions, enhancing its credibility and fostering widespread acceptance of the LBLOCK token.
Liquidity Assurance: Our liquidity pool will remain locked, ensuring confidence among investors and contributing to market stability.
5.7 Conclusion
The tokenomics of the LBLOCK token reflects Lucky Block’s dedication to creating a balanced, extremely rewarding, and secure environment for both players and holders. The careful token allocation of LBLOCK, combined with its multiple utilities, ensures that it remains an essential part of the platform’s success. Lucky Block's strategic initiatives for price stability and regulatory compliance guarantee a sustainable and prosperous future for the LBLOCK token, while continually driving innovation in the online gaming industry.
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