Friday, September 15th, 2023 – Four days after the LBLOCK bridge opened to convert from the token from the BNB Smart Chain to the Ethereum chain, 41.1 billion tokens worth $3.9 million have been bridged.
It means 41% of total supply has entered the bridge with a second bridging opportunity opening on 25 September. LBLOCK V1 token holders need to get on board fast or risk missing out on swapping 1:1 for the more richly priced LBLOCK V2 token.
Although there is a chance that the bridge will reopen after the two scheduled windows, that decision will likely depend on demand, such as if there is a late surge and many token holders look set to miss the deadline.
LBLOCK is the native token of the fast-growing Lucky Block Casino and Sportsbook. The original incarnation of the LBLOCK token has a tax on buy and sell transactions, making it unsuitable for listing on many centralized exchanges. That tax has been removed for bridging to encourage maximum community take-up.
The reopening of the bridge is a major step on the roadmap of the reimagined LBLOCK as it aims to become the world’s most widely used native token in the gambling industry.
By moving all the V1 BEP-20 tokens onto to Ethereum’s ERC-20 standard, it opens up the LBLOCK token not just to more liquid trading markets but also the advantages that flows from running on crypto’s preeminent chain for decentralized applications.
Commenting on the bridging success so far, Damian Jacobs, community manager at Lucky Block, said: “There really is no time to lose to get onto the LBLOCK V1 to V2 bridge. After a long journey we are immensely pleased that so many token holders have stayed loyal to the project.
“At Lucky Block Casino we believe their patience will be handsomely rewarded asRead more on cryptonews.com