The Lucky Block crypto and NFT project has scheduled an NFT jackpot prize draw for mid May, where one NFT holder will win a million dollars.
Lucky Block, a “worldwide games & competitions platform with play-to-earn rewards using blockchain protocols“, is holding the one-off NFT jackpot to show its use case for NFT holders, and investors in its native token LBLOCK.
The exact date and time for the prize draw in mid May is expected to be announced soon.
NFT Jackpot – Play to Earn
To take part, entrants need to:
- Visit marketplace NFTLaunchpad.com or the official Lucky Block website
- Follow the instructions to buy a Lucky Block NFT
- Hold their NFT for the mid May prize draw
Your capital is at risk.
Lucky Block NFTs Review
Some crypto and NFT Youtube channels have reviewed the upcoming NFT jackpot.
So far approximately 25% of the total supply of 10,000 Lucky Block NFTs have been bought, further increasing the chances of winning the NFT jackpot as owning one is the only way to take part – they act as an entry ticket to the jackpot NFT holders can win.
Once all 10,000 NFTs are sold Lucky Block have also planned a follow up NFT jackpot where first prize will be a Lamborghini sports car.
Aside from those two special promotional NFT jackpots, NFT holders are also entered into smaller daily prize draws – the main utility of holding one.
Daily NFT Jackpots
The prizepools for those are calculated as 2% of the main Lucky Block prize draw for worldwide entrants who buy a ticket without owning an NFT, or LBLOCK tokens. That prizepool is valued at $2.2 million currently according to BScScan data released by the developers.
Within the Lucky Block NFT collection are 25 ‘rares’ which when held, result in any winnings from the daily NFT jackpots being doubled in size.
NFT projects that offer some form of play to earn functionality, staking rewards, or other passive income perks have historically performed well and increased in valuation more than NFTs that focus only on their artwork and being a limited edition collectible.
An NFT jackpot spin on rewards has not been attempted before to our knowledge, at least not for a million dollars.
So NFT jackpot giveaways are a novel use case that if executed as described in mid May could lead to a rise in valuation for the LBLOCK token and the NFT collection, also known as the Platinum Rollers Club.
In the first few days of May the LBLOCK token price moved from $0.0013 to $0.0018, a 40% pump, currently trading at $0.0016.
That increase in buying volume in response to the news of the NFT jackpot and main jackpot being rolled out in mid May, could mean that the native token of the project has bottomed.
LBLOCK reached an all time high of $0.0097 in February 2022 so it has retraced in total 87%, potentially a price point where a bounce could be expected, and so far it is green on the month.
Your capital is at risk.
