Crypto Gaming Token LBLOCK V1 Sees 40% of Supply Bridged as FOMO Heats Up

Crypto News
Crypto News

18 Sep 2023 1:00 AM

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....

  • The LBLOCK bridge, which allows conversion from the BNB Smart Chain to the Ethereum chain, has seen 41.1 billion tokens worth $3.9 million bridged in just four days.
  • This represents 41% of the total supply, with a second bridging opportunity opening on September 25th.
  • LBLOCK V1 token holders are encouraged to swap for the more valuable LBLOCK V2 token before the deadline.
  • The bridge may reopen depending on demand, but that decision is uncertain.
  • LBLOCK is the native token of Lucky Block Casino and Sportsbook, aiming to become the most widely used native token in the gambling industry.
  • The bridge opens up more liquid trading markets and advantages of running on Ethereum's ERC-20 standard.
  • The V2 token is valued at more than 4x the V1 token, providing the opportunity for increased value for holders.
  • A 60-day vesting period applies to bridged assets to dampen volatility, with tokens released gradually over time.
  • There are two bridging windows, with claiming periods starting on September 18th and October 2nd.

The sentiment of the article is generally positive, highlighting the success of the LBLOCK bridge and the potential benefits for token holders.

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You May Ask

How many tokens have been bridged so far?What is the value of the LBLOCK V2 token compared to the V1 token?What is the purpose of the 60-day vesting period?When can users start claiming their bridged tokens?

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