Lucky Block
LBLOCK
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
LBLOCK (Lucky Block) demonstrates severely impaired fundamentals across all evaluated dimensions. Development activity has effectively stalled, with no public code repositories, verifiable commits, or delivered roadmap milestones since early 2022. Community and market activity are near-zero, marked by negligible trading volume, contradictory supply reporting across trackers, and near-total value destruction. Furthermore, the project underwent a token migration from BSC (V1) to Ethereum (V2), leaving the original V1 token deprecated and effectively defunct. Team and governance structures remain centralized and anonymous, accompanied by unresolved casino player complaints and a formal warning issued on 20 September 2024 by the Australian Communications and Media Authority (ACMA) against operating entity Igloo Ventures SRL for unlicensed gambling services. With no public audit reports available to verify its security posture and vanishing liquidity, the asset presents an unacceptable risk profile.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Lucky Block (LBLOCK)
Lucky Block (LBLOCK) is a crypto gaming, NFT competition, and lottery platform that migrated from its original V1 token on BNB Chain to a V2 token on Ethereum, leaving the original V1 version deprecated and effectively defunct. Launched in January 2022 and operated by Cayman Islands-incorporated Igloo Ventures SRL, the project was designed to offer blockchain-based lottery draws, casino-style games, and holder reward mechanisms.
The project exhibits significant operational and tokenomic irregularities. Total and circulating supply metrics conflict heavily across data aggregators, with various trackers listing unverified figures ranging from 3.65 billion to 100 billion tokens alongside zero reported circulating supply. Development has remained largely stalled following the early 2022 Ethereum bridge and V2 transition, with no active public code repositories, verifiable audit reports, or onchain governance records confirming the delivery of subsequent roadmap milestones.
Lucky Block is subject to documented regulatory and operational issues. On September 20, 2024, the Australian Communications and Media Authority (ACMA) issued a Formal Warning to Igloo Ventures SRL following an investigation into violations of Australia's Interactive Gambling Act 2001 for providing unlicensed and prohibited interactive gambling services. Additionally, the project operates under an anonymous team structure and has faced unresolved user complaints involving account closures, fund confiscations, and withdrawal restrictions, alongside a near-total collapse in market valuation and liquidity.