Lucky Block Price Pump Incoming With 1% Supply Burn Starting Tomorrow Friday 30th
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Lucky Block (LBLOCK) is a competition platform with a difference. Through the use of blockchain technology, the Lucky Block team has created a provably fair and highly efficient platform that crypto enthusiasts simply love. Now, the LBLOCK token is preparing to pump on the launch of the upcoming token burn program beginning Friday, September 30th.
The Lucky Block platform allows people to enter exciting competitions with million-dollar prizes. Each competition is entered using a unique NFT that also grants the holder a portion of the rewards pool each. This means that even after a certain drawing has concluded, the entry-ticket style NFTs still offer long-term value.
While the LBLOCK token has been already been showing signs of strength following Lucky Block fighter Joe Joyce's win against Joseph Parker, the launch of the burn program is what's got investors really excited.
Starting on Friday, September 30th, the Lucky Block team will burn a sizable 1% of the token's total supply every single month. This will lead to approximately 36.5 million tokens getting burned within the first month and a total reduction of 11.5% over the first year the program is in action.
This move is phenomenal news for Lucky Block investors. By reducing the supply of LBLOCK each month, the tokens will be far more scarce. As such, even if demand says the same (although it's likely to increase), the price of LBLOCK will progressively increase.
In something of a snowball effect, this increase in price will likely boost demand as more investors look toward the token as an investment vehicle. With the
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