Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

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Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

Advanced

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What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

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Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

ETH has outperformed, bolstered by SEC Chair Gary Gensler's announcement of his Jan 20, 2025 departure, and suggested by growing open interest in ETH perpetual. This positive momentum extends to several large-cap altcoins previously scrutinized by the SEC, as indicated by bullish funding rates for long positions.

Please check out the report’s highlights.

ETH Open Interest Grows While BTC’s Declines

ETH is outperforming BTC following the announcement of SEC Chair Gary Gensler’s departure, as evidenced in perpetual swap markets. BTC open interest has decreased from last week's highs, while ETH contracts have increased. Additionally, ETH trade volumes constitute a larger share of daily trading as compared to much of the past six months, despite an overall dip in trade volumes this week. The gradual decline in BTC open interest, without a surge in trading activity, indicates a strategic repositioning, rather than a wave of liquidations.

BTC Option Curve Inversion Deepens as Price Retreats

The pullback in the spot BTC price from the $100K target has led to a flat ATM volatility term structure, with short-tenor options dropping below 60%. 

This trend continues the correlation between term structure inversion and BTC spot price returns observed since the U.S. election on November 5, 2024

. The decline in front-end volatility aligns with lower realized volatility levels. While demand for short-tenor options has moderated, there hasn't been a notable change in open interest for calls or puts. Instead, their growth has stalled at the week's start.

Sentiment in ETH options markets seems moderately more bullish than in BTC's during the recent decline in momentum from the post-election rally. Call options lead in both trading volumes and open interest. 

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 27, 2024): Signal on ETH Outperformance Against BTC Surfaces on Long-Term Contracts

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Crypto

Lucky Block is a lottery platform that allows users to earn passive income through dividends on NFT holdings. Read more to find out if it's a scam.

If you’ve been active on Twitter, you’ve probably caught wind of a relatively new cryptocurrency being talked about — 

. This crypto project prides itself on being the number one NFT competition platform for holders to earn rewards, win prizes and more through their ecosystem. While this may seem like an exciting project which changes the current lottery industry, some people can’t help but wonder if this is actually a scam. 

In this article, we’ll take a look at the features Lucky Block offers, and explore whether or not it should be your next investment. 

Lucky Block is an Ethereum-based lottery platform that offers the opportunity to earn passive income through dividends on NFT holdings, and to qualify for special rewards and prizes. It overcomes many of the challenges and pitfalls associated with traditional lottery programs.

The Lucky Block ecosystem has a user-friendly design that ensures all participants are winners to some degree. Because it operates on the 

 blockchain, it strives to offer a more transparent, secure and fair lottery system. There are various opportunities available for Lucky Block lottery players to profit from. For example, regular lotteries are held that dole out desirable gifts and cryptocurrency prizes. Individuals are encouraged to hold NFTs to generate passive income — and NFT holders continue to earn rewards even after competitions have concluded. 

LBLOCK is Lucky Block's native token. Lottery tickets on the Lucky Block platform are purchased with LBLOCK. The Lucky Block token is also used to pay out winnings from competitions. 

Before the winners of each competition are announced, all LBLOCK token holders 

. This ensures that all players are winners. As the Lucky Block platform expands, the rewards that LBLOCK holders receive will also increase.

It’s important to note that fairness has been incorporated into the platform’s design. The system identifies bots and whales, and ensures they won’t exploit the platform’s functions. You can trade LBLOCK on 

Lucky Block is a United Kingdom–based platform that’s owned by Block Media Ltd. While the company is based in the Cayman Islands, it’s also registered in the U.K. The CEO and founder of Lucky Block, 

, is an entrepreneur who was involved in the launches of 

Ryder is supported by brand ambassadors, including boxers 

. Many of the platform’s executives are former or current employees of major marketing firm 

. Lucky Block's team includes a developer as well as marketing and sales professionals. However, the Lucky Block app was developed by a third party, 

. While there is considerable talent on the Lucky Block team, the platform has established partnerships for promotional purposes.

Lucky Block first launched in January 2022 on the BNB Chain network before the new version launched in July 2022 on Ethereum. 

The Lucky Block project was initially designed to serve several key purposes. Its founder identified transparency and ethics issues with other online and offline gambling and lottery options, and he wanted to create a space that improved on these areas. 

Lucky Block aims to increase the winning and profit-making opportunities for its participants. At the same time, it strives to provide its players with helpful financial advice, and to foster the development of gambling and lottery communities.

The design of the Lucky Block platform supports these goals. For example, it uses an advanced ledger system to complete payouts more quickly and with greater transparency. Both players and tickets can be validated to prevent issues related to manipulation and data loss.

The decentralized platform supports the accessibility of the ledger to all users, and distributes the ledger for optimal transparency. Decentralization also protects players’ funds from losses related to cyberattacks.

To participate on the Lucky Block platform, players must first buy an NFT. Lucky Block NFTs, which are available through 

, are a type of digital lottery ticket. Winners are announced at the end of the competition, and prizes may include anything from a new gaming console to an NFT, a car, a getaway and more. There are no extra steps required to enter a contest. Simply holding the NFT of the specific competition serves as the player’s entry. If a player doesn’t win a contest, the NFT will still have value.

By holding an NFT, a player receives their proportional share of 10% of the pot. This means that every player receives something for playing. Because contests are held daily, holding an NFT can provide a small amount of passive income.

Holding an LBLOCK token can also be lucrative. While the price of the tokens fluctuates with considerable volatility, there’s now a burn program in place. Each month, 1% of the supply of the tokens is burned. This creates upward pressure on token value. Therefore, simply holding LBLOCK tokens qualifies individuals for a portion of the lottery pool, which means that it’s not necessary to purchase an NFT to earn through the Lucky Block ecosystem.

The Lucky Block app and website are both intended to be user-friendly and simplistic. They offer convenient access to basic features, such as obtaining tokens, buying a Lucky Block NFT and more. Let’s look at the specific features available to you through the Lucky Block platform.

Lucky Block regularly announces new competitions tied to NFT collections, which gives individuals the opportunity to join contests by purchasing the corresponding-themed NFTs. For example, a 

. To participate, individuals who didn’t already hold an NFT had to purchase one using LBLOCK tokens for the competition. Once the competition NFT collection sells out, the competition’s winner will be picked, and they may win a BAYC NFT or prizes such as a trip, a house, BTC and more.

Some critics of NFTs claim that there’s little value associated with buying them. However, this isn’t the case with Lucky Block NFTs, which offer financial gains through a portion of each competition’s pool. They also enter players to win incredible prizes. Lucky Block has several NFT collections. The 

 is Lucky Block’s first and main NFT collection. As is the case with other Lucky Block NFT collections, these NFTs may increase substantially in value, as well as provide potential reward prizes and passive income. 

All of the Lucky Block NFTs are available through the NFT Launchpad and must be purchased with LBLOCK tokens.

 provides token holders with financial rewards for holding their tokens. For each purchase or sale of LBLOCK tokens, a 6% transaction fee is assessed and allocated to a tax fee, a development fee and a burn fee. Token holders receive a portion of each transaction fee for as long as they hold their tokens.

While there are many available online contests for gamblers and lottery enthusiasts, Lucky Block offers several exciting benefits to its participants, who include those who own Lucky Block NFTs and tokens.

Other than the usual competitions that users can take part in by purchasing the corresponding NFTs, Lucky Block also has a daily NFT Lottery Draw that’s exclusively available for holders of Platinum Rollers Club NFTs from the platform’s first NFT collection. A daily prize pool of $10,000 is distributed among holders, who are also entitled to free automatic entries to all Platinum Competitions held each week.

The Platinum Rollers Club NFT collection features 10,000 different NFTs. Once the collection is sold out, holders will have the chance to win a Lamborghini. If you’re interested in becoming a Platinum Rollers Club NFT holder, you can do so by purchasing one on 

A total of 10,000 Platinum Rollers Club NFTs have been created, with 25 of them being rare NFTs. Since the collection has yet to be sold out, you still have a chance to purchase and mint a rare NFT. Do note that buyers aren’t able to learn about an NFT's rarity until after purchasing an NFT. Those who hold a rare token will receive double the jackpot prize and other perks.

In addition to the daily drawing, some contests have special prizes. For example, once the entire 

 sells out, a drawing for $1 million in BTC will be held. Some of the other exclusive prizes have been (or will be) a house worth $1 million, a holiday trip, gaming systems and more.

The Lucky Block ecosystem provides two ways to earn passive income, either by holding an NFT or by holding LBLOCK tokens. Both of these passive income streams can continue indefinitely as long as the Lucky Block assets are held.

While Lucky Block offers passive income, as well as the opportunity to win incredible prizes, it’s not without risks. Before you buy your first LBLOCK token, it’s important to understand what the risks are and their potential impact for you.

Lucky Block is a lottery-style platform that offers the chance for players to earn prizes. Therefore, participation in the platform can be considered gambling. Gambling addictions are unfortunately common, and may be difficult to break. With this in mind, individuals who have previously struggled with a gambling addiction should proceed with caution, if at all.

As a cryptocurrency, the LBLOCK token’s value is highly volatile. There was considerable buzz immediately before the launch of the LBLOCK V1 token, resulting in the initial price of $0.0008 increasing to $0.002 only a few days later. Within a few more weeks, the value of an LBLOCK token was $0.009. As of October 18, 2022, the price is $0.0002059. 

The LBLOCK V2 token was released in August 2022 at a price of $0.001476. Within a few weeks, it saw a substantial increase in value to $0.001934. However, like virtually every other cryptocurrency during the current bear market, LBLOCK V2 is seeing red and is now valued at $0.000216. It’s not possible to accurately predict the future value of any cryptocurrency, so investors and players need to be aware of this risk.

Another risk to consider before investing are the rumors of Lucky Block being a scam. While it has boasted prizes worth $1 million, note that many of the prizes have 

been given away, simply because the NFT collections have not sold out. As such, definitely proceed with caution when it comes to the legitimacy of this platform. As with any other cryptocurrency out there, we’d definitely recommend you to do your own research and due diligence before actually investing your money. 

Lucky Block was initially created to take the online lottery space to a new level. Through the use of blockchain technology, it’s garnered ample attention because of its security, fairness and transparency. At the same time, it’s gaining increased attention from lottery enthusiasts because of its great playing structure. The platform offers 10,000 Platinum Rollers Club NFTs along with various other sub NFT collections tied to the competitions it holds. NFT ownership is required to participate in the drawings and contests, and the winner is announced as soon as the collection of 10,000 or 25,000 NFTs get sold out. This means that the possibility of winning even the biggest prizes comes with better than astronomical odds. In addition to selling its remaining NFTs, Lucky Block's development team continues to develop the platform with improved player experience in mind. 

There are a total of 100 billion LBLOCK tokens available for distribution. Of these, 10% have been conveyed through private sales, and 22.5% were sold through the pre-launch sale. Another 2.5% of the tokens have been allocated to PancakeSwap for liquidity pools. The developers received 2.5% of the tokens. The partners and the team received 20% of the tokens each, and the final 22.5% have been allocated for centralized exchange listings and marketing.

As above, note that Lucky Block has a new burn mechanism. Approximately 1% of a 6% transaction fee will be burned, which serves to decrease the supply of tokens in circulation and promote appreciation in the token’s value. 

The price of an LBLOCK token is currently $0.000178. This is lower than the initial price of $0.0008. The peak value of LBLOCK was $0.009 in February 2022. This displays the extreme volatility of the value of LBLOCK tokens. 

 believe that the token's price may reach $0.000593 by the end of 2022, and $0.00073 by the end of 2024. By 2030, the value may reach $0.002. However, like all cryptocurrencies, the value is based in part on speculation, as well as a variety of other factors. With this in mind, there’s considerable uncertainty related to the future price of LBLOCK tokens.

The primary purpose of the Lucky Block platform is to take online lottery games to a new level. The Lucky Block token enables individuals to purchase NFTs and participate in lottery games. Once an NFT is purchased, it provides lifetime entry into daily contests until the NFT is sold. Therefore, using LBLOCK to buy a Lucky Block NFT could be a great investment for those who enjoy playing lottery games. The NFTs also provide holders with a source of passive income.

LBLOCK tokens may be a reasonable investment, but they come with the risk of loss as well. The reflection mechanism allows token holders to earn passive income. However, the value of the tokens has thus far been extremely volatile. Many experts believe that the value of LBLOCK tokens will increase over time, but there’s of course no guarantee. Some 

 online have averred that Lucky Block is a 

, and that you may not be able to withdraw your tokens in the future if you choose to invest now. Coupled with the fact that the white paper is lacking vital information, as well as Lucky Block’s bad reviews, we’d recommend erring on the side of caution.

As an innovative lottery platform that takes advantage of blockchain’s benefits, Lucky Block stands apart from other available popular lottery and contest options. With the platform boasting so many great features, it almost seems too good to be true — which is often a sign that it is.

Lucky Block may not be a scam, but with a lack of proper documentation and actual giveaways, we’re leaning toward that judgment. If you truly believe in the project, experts suggest that you only invest the amount of money you’re okay with losing.

Lucky Block (LBLOCK): A Scam or A Gamble to Get Rich?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards