LONDON, Feb. 28, 2022 /PRNewswire/ — Crypto lottery platform Lucky Block has announced a major software upgrade.
The upgrade will involve changes that make it easier to implement its 12% tax on sales of Lucky Block’s LBlock token. The tax is used to incentivise long-term holdings, discourage day-trading and fund the lottery prize pool.
Another key part of the upgrade builds a ‘bridge’ to open up Lucky Block to the Ethereum ecosystem. Ethereum is the second-largest crypto network.
Lucky Block is based on the Binance Smart Chain (BSC) blockchain, so becoming interoperable with the much larger universe of Ethereum decentralised applications and token holders will provide Lucky Block with an even bigger audience.
Lucky Block is currently listed on the LBank centralised exchange and the PancakeSwap decentralised exchange.
LBank was not able to implement Lucky Block’s 12% tax on deposits of LBlock coming from Pancakeswap. Token holders on Pancakeswap could move LBlock to LBank to avoid paying the tax on sales enforced on Pancakeswap. The centralised trading venue has instead…
