The Lucky Block NFT collection plans to demonstrate its utility for investors in Q2 2022, with its launch of NFT prize draws, and a $1 million NFT jackpot.
The seven figure NFT jackpot giveaway has been scheduled for mid May.
To take part in the draw, entrants need to buy and hold a Lucky Block NFT, one of the project’s limited supply of 10,000 Platinum Rollers Club NFTs – meaning a 1 in 10,000 chance of winning per NFT owned.
That NFT collection is listed for sale at NFT Launchpad. So far 1.5k have been sold on that NFT marketplace and a further 1k at presale. Lucky Block NFTs were minted on March 19th.
Once all 10,000 NFTs have been sold a second NFT jackpot will be held to win a Lamborghini Aventador, valued in the mid six figures.
NFT Jackpots by Lucky Block
That $1 milion NFT jackpot and the sports car NFT prize draw are in celebration of Lucky Block completing the first phases of its roadmap and being ready to deliver its use cases to the community.
The main use case for NFT holders will be daily prize draws. Holding an NFT grants free exclusive lifetime entry into a cash prize draw to be held each day.
The daily Lucky Block NFT jackpot is equal to 2% of the project’s main jackpot draw, which aims to attract participants worldwide over the blockchain.
25 of the 10,000 NFTs also have rare traits that double the amount of any jackpot winnings won.
Read more about how Lucky Block NFTs work on the project’s official website.
The main Lucky Block jackpot prize pool is currently valued at over $2 million, a figure which is tracked and transparent for investors to view on BscScan. One aim of the project is to improve transparency in gaming. Team admins are also available on Telegram to also answer questions.
Holders of the project’s native coin LBLOCK will receive free entries into that main draw, relative to the amount of LBLOCK tokens they hold in their wallet.
The two ways to receive free entries into draws, whether by holding an NFT or LBLOCK tokens, are to meet the project’s stated aim to be a crypto games and competitions platform ‘where everyone’s a winner‘.
A project running an NFT jackpot draw and crypto token jackpot draw simultaneously valued in the seven figures, is relatively unique and we will be reporting on the results in mid May.
If both are implemented successfully and Lucky Block can demonstrate its platform works as advertised, the valuation of both its NFTs and native token could also rise.
NFT projects such as the Moonbirds saw a rapid rise in floor price as their utility included ways to earn passive income, by staking or ‘nesting’. Lucky Block added this NFT jackpot spin to its list of planned rewards and perks, as an incentive to own one.
Related Articles
- NFT Calendar
- NFT Wallets
- What is an NFT?
- Best Metaverse NFT Projects
- Best NFTs to Buy Now – Top NFTs Reviewed
Cryptoassets are a highly volatile unregulated investment product.