Lucky Block v2
Crypto Overview
Overview
Lucky Block v2 (LBLOCK) is a cryptocurrency project that initially launched as a lottery and gambling platform on the Binance Smart Chain. The project underwent a significant transformation with its v2 version, which aimed to pivot away from its gambling roots.
Purpose and Utility
The project's current stated purpose is to serve as a Web3 entertainment and gaming token, with plans for NFT competitions and rewards programs. However, most of its actual usage remains centered around trading on various cryptocurrency exchanges.
Business Model Analysis
While the project attempts to distance itself from its gambling origins, the fundamental structure and marketing still heavily emphasizes chance-based rewards and lottery-like mechanisms. The project's core features continue to revolve around games of chance and prediction-based competitions.
Real-World Adoption
The token primarily sees activity in trading contexts rather than practical applications. While the team has announced various partnerships and development plans, the actual implementation of non-gambling utilities remains limited.
Platform Development
Development activity appears focused on marketing initiatives and exchange listings rather than building substantial technological infrastructure or non-gambling use cases.
Crypto Impact
To assign a comfort level investing in Lucky Block v2 from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Lucky Block v2.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.