🔮 LuckyBits is a next-generation blockchain platform that reimagines mining with exciting features and a twist of luck. 🎲 With our unique multiplier-based block rewards, every block mined has the potential to multiply rewards from 0x to an incredible 1000x, using the parent block hash for randomness. 🔥
We combine aggressive block reward reductions, starting at 10 coins per block and decreasing by 1 coin every 100k blocks until it reaches 1 coin. ⚖️ This is backed by the proven security of decentralized Proof of Work (PoW). ⚙️ Additionally, LuckyBits integrates smart contracts and EVM compatibility, making it a powerful ecosystem for gaming, gambling, and beyond. 🕹️🎮
Read Whitepaper 📄Explore the unique features of LuckyBits that make it the most exciting blockchain for miners and the community. 💎🎉
LuckyBits ensures fairness with no premine, preventing early dumping and giving everyone equal opportunity to earn coins through mining. Designed for sustainable, long-term growth. 🌱
Unlock a wide range of rewards with our multiplier system, ranging from 0x to a staggering 1000x! 💥 Every block you mine could be a life-changing reward. 💰
Leveraging the cryptographic strength of parent block hashes, this secure and tamper-proof system ensures randomness, making every mining experience unpredictable and safe. 🔒🔄
Starting at 10 coins per block, rewards reduce by 1 coin every 100,000 blocks, ⚖️ until reaching a base reward of 1 coin. Scarcity-driven rewards that fuel long-term value. 🔥
LuckyBits is decentralized and powered by Ethash, a proven, strong, and secure algorithm that was previously used by Ethereum. This ensures robust security and fair participation for all miners. ⚒️
LuckyBits empowers its community with governance features, 🗳️ allowing token holders to participate in decision-making processes that shape the future of the network. 🌐
LuckyBits is fully compatible with Ethereum Virtual Machine (EVM), enabling users to deploy and interact with decentralized applications (dApps), NFTs and smart contracts seamlessly. 💻📱
A blockchain optimized for gaming and casino operations, 🕹️ ensuring fairness, transparency, and decentralization for immersive experiences in betting and online gaming. 🎲🎰
LuckyBits implements advanced security features to protect the network and users, including double-spend prevention and enhanced resistance to attacks, ensuring a secure environment for all participants. 🛡️
LuckyBits is built on a deflationary token model where block rewards gradually reduce, creating scarcity and long-term value. This model rewards early participants while ensuring that future emission is limited.
LuckyBits’ token supply will be distributed through mining over time. As block rewards reduce during each phase, early miners will benefit the most. Additionally, a portion of the transaction fees may be burned to reduce the circulating supply and increase token scarcity.
| 🔢 Block Range | 💰 Base Reward |
|---|---|
| 🏆 Block 1 to 100,000 | 10 LBIT |
| 🥈 Block 100,001 to 200,000 | 9 LBIT |
| 🥉 Block 200,001 to 300,000 | 8 LBIT |
| 💎 Block 300,001 to 400,000 | 7 LBIT |
| 🔥 Block 400,001 to 500,000 | 6 LBIT |
| ⚡ Block 500,001 to 600,000 | 5 LBIT |
| 🚀 Block 600,001 to 700,000 | 4 LBIT |
| 🎯 Block 700,001 to 800,000 | 3 LBIT |
| 📉 Block 800,001 to 900,000 | 2 LBIT |
| 💰 Block 900,001 onwards | 1 LBIT |
Our unique multiplier system gives every block you mine the chance to unlock life-changing rewards! Here's what you can expect:
| Multiplier | Probability | Reward Description |
|---|---|---|
| 1x | 40% | 🎯 The most common outcome, where you’ll earn the base reward. |
| 0.5x | 15% | 🟠 A slight reduction in rewards, but you're still in the game! |
| 0x | 12% | ❌ Sometimes, luck runs out and you earn no reward for this block. |
| 2x | 15% | 🔥 Double your base reward and enjoy a solid boost! |
| 3x | 8.58% | ⚡ Almost triple your rewards! A powerful increase. |
| 5x | 5% | 💪 Get a 5x multiplier for a significant increase in rewards! |
| 10x | 2.5% | 💥 Multiply your rewards 10 times for a huge gain! |
| 25x | 1% | 🌟 A rare multiplier! Boost your rewards by 25x! |
| 50x | 0.5% | 🚀 Hit this ultra-rare 50x multiplier for major rewards! |
| 100x | 0.25% | ✨ A dream come true! Multiply your base reward by 100! |
| 250x | 0.1% | 💰 Extremely rare, but imagine hitting a 250x reward! |
| 500x | 0.05% | 🏆 Legendary rewards with a 500x multiplier! |
| 1000x | 0.02% | 🎉 The ultimate jackpot! A 1000x multiplier could change your life! |
✨ Isn’t that exciting? Stay tuned for more details and get your mining rigs ready for a thrilling journey! ✨
🚀 Learn More 🚀LuckyBits employs a strategic approach to manage the supply and inflation of tokens, ensuring long-term value and sustainability for participants.
The LuckyBits chain will have an unlimited supply, but inflation is carefully controlled. It will take approximately 5 months to reach the base block reward of 1 token per block. After reaching the base reward, the reward will remain fixed for the lifetime of the chain.
Reaching a supply of 100 million tokens will take approximately 13 - 15 years. Only 73% of blocks will provide a full reward; 27% will yield a reduced reward of 0.5x or less. This gradual increase in supply ensures a slow and controlled inflation rate.
Similar to Binance’s BNB burn, LuckyBits may burn a portion of tokens periodically. The burn may come from revenues generated by products launched in Phase 2 (e.g., decentralized games and services).
An additional 10% house fee (similar to a casino fee) will be added to the total block reward. For example, if a block reward is 5 coins, the miner will receive 5 coins, and an additional 0.5 coins (10%) will be sent to the house for project development and improvements.
These combined mechanisms—slow inflation and regular token burns—will maintain a healthy balance between supply and demand. This approach ensures the longevity of the Proof of Work (PoW) chain while supporting long-term value for participants.
We have no premine. Instead, 10% of the block rewards will be allocated starting from block 1. This ensures continuous funding for the growth and development of the LuckyBits ecosystem over time. Here’s how the allocation will be utilized to foster the growth and development of the LuckyBits ecosystem:
A significant portion of the block fees is dedicated to advancing Phase 2 of LuckyBits, which includes the development of new decentralized products and smart contract-based games.
Resources will be allocated to marketing efforts, bounty programs, and campaigns designed to attract investors and expand the user base.
A portion of the block fees will be used for Phase 2 products, offering bonuses and incentives to encourage user engagement and interaction with our platform.
Part of the block fees will go towards covering salaries for the development team, ensuring that team can work full-time on the project and keep everything running smoothly.
Phase 1 focuses on building the foundation of LuckyBits, including blockchain development, launching the mainnet, and growing the community. This phase is critical for establishing the infrastructure that will support the innovative features and games of LuckyBits.
At LuckyBits, we’re committed to pushing the boundaries of blockchain gaming and decentralized entertainment. With Phase 2, we’re taking a bold step forward, introducing a suite of new games and features that promise to be a game-changer in the crypto space. Our vision is to create a fully decentralized ecosystem where players not only have fun but also stand a chance to win big in a transparent and secure environment. This is the next phase of innovation, and it’s set to roll out by mid-November.
Manage your LuckyBits coins and BIT20 tokens on the go with our upcoming mobile wallet. Securely store, send, and track your portfolio directly from your smartphone.
Dive into a world of decentralized casino games. Powered by smart contracts, every game ensures fairness, transparency, and trustless gameplay, from blackjack to poker.
In Phase 2, users can bet on global events, sports, or crypto prices in a fully decentralized manner. Smart contracts handle odds and payouts securely and transparently.
Join our regular lottery events for a chance to win big! With fully verifiable on-chain results, every player has a fair shot at substantial rewards in daily, weekly, and monthly draws.
Test your predictions on events like sports matches, elections, and crypto prices. Our smart contract-powered prediction markets ensure fair payouts based on real outcomes.
Challenge others in skill-based games or multiplayer tournaments. Compete for escalating prize pools and rise on the leaderboards to claim the top rewards!
LuckyBits Phase 2 is where strategy meets luck. With fast transactions, low fees, and an architecture designed for gaming, Phase 2 will bring even bigger rewards and opportunities.
🚀 Get Ready for Phase 2 🚀LuckyBits is more than just a blockchain—it's a vibrant community. Join our forums, participate in governance, contribute content, and engage with fellow miners and enthusiasts. Together, we are building a dynamic ecosystem where everyone has a role and every voice is heard.
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