Will Lucky Cube Grow 10x on CEX? New Tax-Free ERC20 Token is About to Surge

Last week, the much-anticipated LBLOCK ERC-20 token was listed on the controlled exchange LBank. After the listing, the price of Lucky Block unexpectedly increased by several percent. Moreover, the news about the tax-free ERC-20 Lucky Block V2 token seems to have attracted the attention of cryptocurrency investors who are interested in it.
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The LBLOCK V2 token has gained 270% in price since it was listed on LBank on July 27. It has now firmly entered the sights of major cryptocurrency exchanges and was listed on MEXC today.
Lucky Block is currently priced at $0.00271 based on a 24-hour trading volume of $1,298,757, making it one of the top gainers in LBank. In the past 24 hours, Lucky Block has gained 17.57%. The market cap is unknown. The maximum supply of LBLOCK tokens is 10 billion.
According to a very important technical indicator, if the LBLOCK token breaks out of the major resistance level above $0.0023, it might retrace higher from here.
Considering that other exchanges may list LBLOCK tokens in the next few weeks, it is expected that LBLOCK tokens will show a bullish trend. Today, LBLOCK tokens were listed on the MEXC exchange.
LUCKY BLOCK's ERC20 tokens are no longer taxed
For investors interested in purchasing Lucky Block, the taxes involved in LBLOCK V1 transactions no longer apply to LBLOCK V2 transactions. The V2 update has already taken effect, no transaction fees are levied, and rewards will not be received from the Lucky Block pool. According to LBank, V2 cryptocurrencies are more suitable for day trading and speculative trading on centralized exchanges like LBank.
The V2 version implemented in July 2022 does not include transaction taxes or bounty pool bonuses, making it more suitable for short-term day trading and speculation on centralized exchanges.
On the DEX, LBLOCK V1 sales are taxed at 12%, while on LBank only 6% is taxed, although this is no longer the case since LBank switched to V2. You can buy lottery tickets with V1, get the incentive, and pay 12% in sales tax.
LBlock’s centralized exchange listing on MEXC bodes well for Lucky Block
Lucky Block announced its centralized exchange listing on MEXC Global exchange on Twitter. Since MEXC is one of the top players in centralized exchanges, Lucky Block is expected to make a huge profit of less than 10 times.
In the Lucky Block community, LBLOCK tokens are available in two versions, V1 and V2. The price of the two different versions of Lucky Block is kept equal through a bridge. The bridge is currently undergoing some security testing and will be available soon.
The initial version, called V1, used the BNB Chain and was a BEP-20 token supported by decentralized exchanges like PancakeSwap. The second version, V2, was an ERC-20 token supported by centralized exchanges.
The V1 version of LBLOCK is a BEP20-compliant token, and owners who hold it and choose a charity as the beneficiary of the prize pool will benefit from the prize pool.
V2 tokens, on the other hand, cannot be used to purchase lottery tickets and will not be drawn from lottery prize pools. This Ethereum-based V2 token is only available on centralized exchanges, and all buy and sell transactions are tax-free. The reason why the V2 update is needed is that it makes it easier for centralized exchanges to list the token, broadening its appeal and increasing liquidity.
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The token has also successfully passed a comprehensive third-party security assessment by Solid Proof. Long-term Lucky Block investors can still use the rewards program on decentralized exchanges as the V1 token will be maintained.
You can start trading and buying Lucky Block from LBank.