Lucky Block to Run an NFT Raffle with a Lamborghini Up for Grabs

Updated:

The Lucky Block (LBLOCK) team has announced that the 10,000-piece Lucky Block NFT collection—Platinum Rollers Club NFT—will start getting minted in March. In the lottery spirit, the team has announced that one lucky NFT buyer stands the chance of winning a Lamborghini Aventador worth over $550,000.

Buyers of the NFTs will automatically qualify for a prize draw, with the NFTs being your raffle tickets.

To allow maximum circulation, thereby evening the chances of winning for everyone, each entrant can only purchase 15 NFTs per wallet. In total, 10,000 Lucky Block NFTs will get minted, with each having a base price of $1,500.

As though that was not enough, Platinum Rollers Club NFT holders will also receive a lifetime entry into a special daily NFT lottery draw. This daily lottery has a mini-jackpot equal to 2% of the main Lucky Block lottery draw. The LBLOCK team estimated that this lottery will have an average jackpot of $10,000, and has the potential to increase over time.

This gives LBLOCK holders a healthy incentive to hold their tokens, considering that 10% out of the main jackpot gets evenly distributed to investors.

Meanwhile, there are also 25 rare NFTs among the 10,000 NFTs getting minted which allows holders to win double the NFT jackpot if they get picked in the raffle draw.

Key Lucky Block Levels to Watch — March 2

LBLOCK continues to hold the $0.0057 axis since its dip to the level yesterday amid a healthy recovery in the broader crypto market. Currently, on its third attempt at the $0.0057, I expect a rebound to the $0.0060 top in the coming hours, followed by a return to the $0.0070 one-week high over the coming days.

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LBLOCK Hourly Chart

The current sideways pattern comes amid a trading volume drought, and the LBLOCK price remains under the 50 and 200 SMA on my hourly chart.

Meanwhile, my resistance levels are at $0.0060, $0.0065, and $0.0070, and my support levels are at $0.0057, $0.0055, and $0.0050.

Total Market Capitalization: $1.94 trillion

Lucky Block Market Capitalization: $572.6 million

 

You can purchase Lucky Block here. Buy LBlock

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.