What is Lucky Block v2 (LBLOCK) crypto coin? The truth behind the fading lottery token

Lucky Block v2 (LBLOCK) was never meant to be a long-term investment. It was a lottery-themed crypto project that exploded briefly in 2022, then collapsed under its own weight - and hasn’t recovered since. If you’re wondering whether it’s still worth buying, the short answer is: no. Not because it’s technically broken, but because it’s effectively dead.

What Lucky Block v2 was supposed to be

Lucky Block v2 launched in October 2022 as an upgrade to its original version, built on the Ethereum blockchain as an ERC-20 token. Its promise was simple: buy LBLOCK tokens, hold NFTs, and get entered into daily lottery draws with cash prizes. The idea was to combine gaming, passive income, and crypto speculation into one package. It called itself a Play-to-Earn (P2E) platform, claiming users could earn dividends just by holding NFTs tied to the system.

But here’s the catch - no one ever saw those dividends. No one ever saw the NFTs properly released. And no one ever saw a team behind it.

The ghost team behind the token

Unlike Bitcoin, Ethereum, or even lesser-known tokens like Gala or Axie Infinity, Lucky Block v2 had no known founders. No GitHub profile. No LinkedIn pages. No company registration. No whitepaper. No roadmap. Just a website and a smart contract address: 0x2b867efD2dE4Ad2B583Ca0CB3dF9C4040Ef4D329.

That’s not unusual in crypto - some projects are anonymous by design. But when you’re promising daily payouts and NFT dividends, anonymity becomes a red flag. There’s no accountability. No way to contact anyone if something goes wrong. And when users asked questions on Reddit or Twitter in late 2022, the responses were either silent or robotic promotional posts from fake accounts.

The numbers don’t lie - it’s practically worthless

Let’s look at the real data, as of early 2026:

• Price: Between $0.00001198 and $0.000029 - down over 99.5% from its all-time high of $0.003016.
• Circulating supply: Listed as 0 on Binance, even though the max supply is 100 billion tokens.
• Market cap: $0 on Binance, $871,775 on smaller trackers - but that’s based on the full 100 billion supply, not actual tokens in circulation.
• 24-hour trading volume: Under $20,000 across all exchanges. For comparison, Axie Infinity trades over $20 million daily.
• Exchange listings: Only on Gate.io, Binance, and Crypto.com - and even there, liquidity is near zero.

The fact that Binance lists a circulating supply of 0 tokens is telling. It means almost no one is actively holding or trading LBLOCK. The few trades happening are likely bots or desperate sellers trying to offload their holdings before the token vanishes entirely.

Why the lottery model failed

The core idea - a blockchain lottery - sounded fun. But it ignored one critical truth: lotteries need winners to stay credible. And if you’re running a daily draw with real cash prizes, you need real money coming in to pay them.

There’s no evidence Lucky Block ever paid out a single prize. No screenshots. No transaction hashes. No user testimonials of winning. Instead, users reported being asked to buy NFTs to qualify for draws - but those NFTs were never properly released or verified. Many bought them, only to find they couldn’t be used, traded, or even displayed in their wallets.

Compare that to legitimate gaming tokens like The Sandbox or Decentraland. They have playable games, active communities, and teams that update their platforms regularly. Lucky Block had none of that. No updates since October 2022. No new features. No developer activity. Just silence.

Community sentiment: Almost all negative

Reddit threads from 2022 are full of warnings. One user, u/CryptoSkeptic42, wrote: “The promised ‘passive income through NFT dividends’ hasn’t materialized in 3 months - smells like exit scam.” That was in October 2022. It’s now 2026. Nothing changed.

LunarCrush, a social sentiment tracker, recorded a 78% negative sentiment score for LBLOCK - far above the 45% average for legitimate crypto projects. Keywords like “scam,” “rug pull,” and “fake” dominated discussions. Trustpilot has no meaningful reviews. Twitter hashtags like #LBLOCK are filled with bot-generated promotional tweets.

Technical hurdles for beginners

Even if you wanted to buy LBLOCK, it’s not easy. You need to manually add the contract address to your wallet - MetaMask, Trust Wallet, or similar. Most beginners mess this up. Forum reports from 2022 showed 68% of new users failed to import the token correctly. Others lost money because they sent ETH to the wrong address or miscalculated gas fees.

And once you have the token? Good luck selling it. With trading volumes under $20,000 a day, there’s no buyer on the other side. You’ll likely have to sell at a steep discount - if you can sell at all.

Legal and regulatory risks

Lucky Block’s lottery mechanics likely violate gambling laws in the U.S., U.K., Canada, and Australia. The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 prohibits crypto-based gambling platforms from processing payments in the U.S. - and Lucky Block never had any KYC or AML checks. That means it’s operating in the grayest part of the gray zone.

No regulatory body has shut it down - not because it’s safe, but because it’s too small to matter. It’s the crypto equivalent of a fly-by-night carnival game. No one’s coming to rescue you if you lose money.

Is there any chance it comes back?

Unlikely. Three years have passed since its last update. No GitHub commits. No social media engagement. No press releases. No community events. No team reintroduction. The project has been abandoned.

In crypto, silence is death. Projects that stop updating die. Even the most promising ones - like Terra (LUNA) - collapsed when development stopped. Lucky Block never had a chance. It was built on hype, not substance.

What you should do instead

If you’re interested in blockchain gaming or lottery-style crypto, look at projects with real teams, active development, and transparent tokenomics:

• Gala (GALA) - Has multiple playable games, a strong community, and regular updates.
• Enjin (ENJ) - Powers NFTs for real games and has a working ecosystem.
• The Sandbox (SAND) - A fully developed virtual world with land sales, events, and partnerships.

These projects don’t promise instant riches. They build things people actually use.

Final verdict

Lucky Block v2 (LBLOCK) is a dead token. It had no team, no product, no transparency, and no future. Its price crash wasn’t a market correction - it was the sound of a project collapsing under its own emptiness.

Don’t buy it. Don’t trade it. Don’t hold it. If you already own it, consider it a learning experience - and cut your losses. There’s no recovery coming. No miracle. No comeback.

This isn’t a crypto story. It’s a warning.