Lucky Block (LBLOCK), the number one platform in the entire world for non-fungible token (NFT) competitions has recorded a significant surge.
LBLOCK Sponsored Joe Joyce
The value of the token recorded a significant surge after it announced that it was sponsoring Joe Joyce. The sponsorship comes from Lucky Block supporting Joe Joyce in his fight against Joseph Parker which is to take on September 24, 2022.
The bout between Joe Joyce and Joseph Parker is a highly anticipated event that the fans are eager to witness. The stakes are very high on both sides and Lucky Block knew the opportunity was not to be missed.
Therefore, the platform announced its support for Joe Joyce in the form of sponsoring the player.
Through the Lucky Block, the users have the ability to take part in competitions that are NFT-based. The prizes that the platform is able to produce for the participants are quite attractive.
From the competitions, the users have the chance of winning not only $1 million worth of Bitcoin but also property and luxury holidays.
Lucky Block’s Sponsorship
The bout between the two fighters is expected to bring in the masses to witness the live match. This would not only prove to be a huge payday for the fighters but it would also help Lucky Block gain so much traction in the market.
Lucky Block has gained so much ground in the world of NFT-based competitions and now, it is time for the platform to gain mainstream recognition.
According to the officials at Lucky Block, this would be the perfect opportunity for their platform to shine among mainstream sponsors.
Lucky Block is aiming to increase its viewership and supporters on a larger scale and what could be more promising than sponsoring a big fighter.
How has LBLOCK Performed Lately?
In the past week, the trading price of LBLOCK has consolidated mainly around the $0.0055 level. The surge in the trading price of LBLOCK was due to the highly anticipated token burn for the Lucky Block tokens.
According to the reports, the burning of the LBLOCK tokens is expected to take place on September 30, 2022. In addition to the burning, Lucky Block is also to form a bridge between the V1 and V2 platforms that may be implemented on October 3rd.
The burning would cause the overall supply to remove 11% of tokens on a monthly basis. At the time of writing, the overall supply for the LBLOCK tokens is 3,650,000,000. For the first month, a total of 36,500,000 tokens will be burned.
With all these factors combined, the value of LBLOCK tokens is to witness a significant rise in the market.
