Hotly-tipped crypto lottery Lucky Block raced to a $140 million valuation within days of its launch, and is now targeting a Binance listing in February.
The blockchain-based lottery platform, which gives players better odds and more transparency than traditional lottery games, also oversubscribed its presale and hit its hard cap 11 days earlier than predicted.
The crypto-powered ‘People’s Lottery’ raised $5.7 million from investors in its presale.
Lucky Block’s completed CoinGecko and Coinmarketcap listings saw it valued at $140 million within two days of its trading debut – and it’s since grown to $200 million.
Further upward price pressure is expected on its total supply of 100 billion tokens.
Just over 24 hours from being listed on decentralised exchange PancakeSwap, the price reached $0.001238 – a gain of 854% for investors who bought in the presale at a price of $0.00015.
Buyers who took advantage of the second presale price of $0.00019 are sitting on a 653% gain, Lucky Block says.
Lucky Block completed its presale with 8,611 holders – a figure that has since topped 17,000 – as it looks to start trading on centralised exchanges FTX and Crypto.com.
The lottery platform is promising to disrupt the $300 billion global lottery industry – giving 10% of ticket sale revenues to charities and offering players better odds and more chances to win.
All holders of the LBlock token are eligible for dividend payments whether or not they buy lottery tickets.
Lucky Block has given $5,000 to the British Red Cross as part of its ongoing commitment to good causes – a first for a crypto project.
Credit: Unsplash
It also boosts its environmental, social and governance (ESG) credentials by running on the energy-efficient Binance Smart Chain, and gives every holder of its token a stake in the lottery.
Commenting on the launch, Lucky Block’s chief executive officer Scott Ryder said: “Achieving a market cap valuation of more than $140 million after raising $5.7 in our presale is an achievement that sets us on a path to hit all our roadmap milestones as we set out to challenge the traditional lottery operators around the world.
“We are now looking to roll out our – up until now – largely UK-focused outdoor advertising campaign to other global cities, as we pursue listings on major crypto exchanges.
“We should be on FTX and Crypto.com fairly soon, with Binance to follow, although we can’t say too much about that just now. Our social media channels will keep everyone up to date.”
James Fennell, chief strategy officer of Lucky Block, commented: “We think that it is time to turn the promise of blockchain and so called ‘Web 3.0’ decentralised networks into a reality at the level of consumer mass adoption.
“At the moment we are working hard to deliver on our vision for a global lottery open to all and owned by its players.
“Key to realising that strategy is our app launch in March. The app will make playing the lottery and tracking winnings easy, as well as being the place where token holders can see their dividend payments compound and track the passive income they are earning.
“As we continue to build out our offering, which at a later date will include gaming, NFT and metaverse products, we will work towards achieving one of our other strategic goals – advancing our mission to transform philanthropy, in part through setting up our global not-for-profit Lucky Block Foundation.”
Full information about Lucky Block can be found on the official website: luckyblock.com
Featured image: Unsplash
Business
Manchester City sign record-breaking deal to extend Puma kit partnership for another DECADE
Danny Jones
Manchester City have officially signed a long-term extension with global sports brand Puma to continue making their kits for at least another decade in what has been reported as a record-breaking sponsorship deal.
The eight-time Premier League champions brought on Puma as their primary kit manufacturers six years ago, and the pair have been together during the most successful period in the club’s history.
Boasting a Treble, Champions League, FIFA Club World Cup and four consecutive league titles to their name throughout this time, it’s pretty much been a perfect marriage, so neither City nor Puma were likely to part ways anytime soon.
With that in mind, the collaboration has been extended by another decade in a deal reported to be worth a potential £1 billion – the same figure that made up the total prize pot for this year’s Club World Cup.
Not that we’re assuming you’re terrible at maths, but to put this into context further, this extension is worth a whopping £100 million a year, making it comfortably the most lucrative kit partnership in Premier League history.
The initial contract between Man City and the sportswear giants was worth £65 million (also spanning 10 years) back in 2019, but the prolific and highly profitable spell that has followed has led to this extension being welcomed by both parties.
Writing in a press release, the club said: “Commercially, Manchester City and PUMA have set new club sales global records, in addition to co-creating iconic, best-selling kits such as the 2022/23 Colin Bell-inspired home shirt worn during the Treble-winning season.
“PUMA and Manchester City have introduced industry-leading innovations both in terms of product and marketing campaigns over the past seasons.”
Citing crossovers with Puma subsidiary, stitchd, and brand activations such as the AI kit design competition for the 26/27 campaign, they insisted that their work together thus far has “delivered breakthrough innovation, cultural moments and commercial success, both on and off the pitch.”
#ManCity’s kit deal extension with Puma could eventually be worth £1 BILLION, with the agreement now running until at least 2034/35 and valued at £100M a season – making it the highest in Premier League history.
The club went on to add that, “This is a partnership built on shared values: performance, creativity, innovation, community and sustainability.”
Meanwhile, CFG (City Football Group) CEO Ferran Soriano, said of the fresh announcement: “We joined forces with PUMA with the ambition to challenge ourselves and go beyond the expectations. We have achieved this and more over the last six seasons.
“PUMA have seamlessly integrated into our organisation, and we’ve enjoyed many historic moments together, engaging fans globally. Today’s renewal and extension solidifies our relationship and projects it to an even brighter future.”
How would you rate Man City’s Puma shirt designs up till now out of 10, Blues?
Featured Images — Press shots (via PUMA/Manchester City)
Business
Bury Food and Drink Festival returns to the borough this month
Danny Jones
Bury, brace for unbuckling your belts, because the borough’s annual food and drink festival returns for 2025 this month.
Following the inaugural event last year, Bury Food and Drink Festival (BFDF) is officially back, hoping to go even bigger and better than last summer.
Promising more traders this time around, not to mention a more fully-fledged programme than the maiden Manc feast, BFDF ’25 is shaping up to be a brilliant weekend.
Better still, with the summer sun looking like it’s sticking around for a while, it’s set to be another scorcher across Greater Manchester – the perfect weather for some more al fresco face-stuffing.
Salford Rum CompanyIddons fruit and vegCredit: Bury Market (supplied)
This year, Bury Food and Drink Festival boasts 70 different independent traders from around the local area and beyond.
In fact, over in the town centre’s Kay Gardens, there’s set to be a brand-new Hong Kong-style market featuring over 50 traders alone.
Set up by nearby favourite, Moliuliu’s Store, visitors can find gifts, jewellery and artisan craft goods, as well as tonnes of amazing flavours from around the region.
There’s also set to be a new ‘Beer and Bands’ night on Bank Street, where the festival was first born, making way for an evening of live up-and-coming local talent and brilliant Bury brews.
Organised by the Bury Business Improvement District (BID) in partnership with the world-famous Bury Market and local council, Bury Food and Drink Fest remains a completely free town-centre celebration of native hospitality, cuisine and culture.
The Town Centre Director for Bury BID, Nigel Shields, said of their sophomore event: “It’s a pleasure to be announcing the return of the Bury Food and Drink Festival to the town centre, and to be able to build on the success of last year’s event.
“We’ve got an exciting and diverse range of local, authentic traders joining us, showcasing the very best flavours and cuisine from Bury and all over the world. The festival is a fantastic addition to our town and what it has to offer – we can’t wait to welcome guests from far and wide across the weekend!”
You can see a full map of the festival down below.
Spanning across three days and multiple central sites, BFDF 2025 kicks off this Friday, 18 July from 9:30am, and will close between 4:30/5pm every day until Sunday.
Part-funded by Local Growth & Place Flexible Grant Funding, the aim is to promote and help give back to popular indies like The Finest Fudge Co, The Thai Food Van, Sip & Sparkle and Daily Grind, just to name a few favourites.
Councillor Charlotte Morris added: “We’re delighted to bring the food and drink festival to Bury town centre once again. The fantastic range of businesses involved is testament to the strength of food and drink offering here in Bury, and the appetite (literally!) for exciting events.
“The festival will be a chance to explore Bury, support local business, try something new and enjoy flavours from all over the world. We look forward to welcoming visitors from Bury and beyond!”
Find all the details around timings and all the other important info HERE.
A trip to Bury Market usually ends with us spending far too much on two things: chocolate and cheeseThe Thai Food Van
The Manc -
1st February 2022 
