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.
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
Manchester City named the most valuable football club brand in the world
Manchester City have been named the most valuable football club brand in the world, topping the Brand Finance Football 50 Report for the first time in their history.
Following yet another successful season punctuated with a fifth Premier League title in six years, another FA Cup following their historic Manchester derby victory and potentially a first-ever Champions League trophy in just a few days’ time, the club has arguably never been in a stronger position.
In monetary terms, it is a simple fact: according to this year’s Brand Finance Football 50 report, Man City’s brand value has grown 34% since the COVID-19 pandemic, rising to more than £1.3 billion and overtaking European giants Real Madrid to become the most valuable club in world football.
Despite Man United being named the most valuable club in the Premier League according to Forbes’ latest rankings at the start of this month, this report suggests that Man City took in the most revenue on a global scale, reaching their all-time high notwithstanding the pandemic recovery period.
Further backing up the numbers, City also topped Deloitte’s Money League for the second year running after announcing a record revenue of £613 million and profits of £41.7 million, the latter being more than double the previous Club record — and that was before the two most recent major honours. Crikey.
Elsewhere in the report, United did jump back above Liverpool into fourth overall, with Arsenal seeing the most growth over the last year following an impressive runner-up season. As for around Europe, PSG leapfrogged German giants Bayern Munich, and AC Milan are said to be the fastest-growing Italian club.
The City Football Group’s Chief Operating Officer, Roel de Vries, said the following after the announcement: “Being recognised as the world’s most valuable football club brand reflects the phenomenal growth story that Manchester City has had in recent years.
“This achievement recognises the evolution of not just the brand, but the Club as a whole. The Club has been performing consistently and has broken records on and off the pitch this season…
“As we look to the future, we want to keep investing in the right things – our football talent, the city of Manchester and our local community, infrastructure and fan experience. We have a proven track record of innovation and are excited for the next chapter in this Club’s great history.”
Pep Guardiola and his squad are now just one game away from winning the treble, an achievement which would not only see them join an exclusive club of just seven teams to do so, such as United’s famous 1999 team, but would no doubt see their value skyrocket even further. Can they do it?
Manchester United named Premier League’s ‘most valuable’ club in Forbes’ 2023 ranking
Manchester United has been named the most valuable club in the Premier League for 2023, according to an annual ranking by Forbes.
Every year, the business magazine is known for publishing a list of clubs within each sport that are considered to be of the most value, and ranks them from highest to lowest based off how much they’re worth – and, as you can imagine, the top 10 is usually made up of some of the most famous and well-known global franchises.
When it comes to football in 2023 though, according to Forbes, the “soccer pitch is filled with more green than ever”.
The world’s top 20 most valuable football teams have an average value of $2.89 billion in 2023, which is 14% higher than the year previous.
With a current value of $6 billion, Manchester United has taken the number two spot on the global 2023 rankings, just behind Spanish superclub Real Madrid at $6.07 billion – making the Red Devils the most valuable club in the Premier League.
The rest of the top five is made up of Catalan giants Barcelona in third place with a value of $5.51 billion, fellow North West club Liverpool at number four with a value $5.29 billion, and rounded out by cross-town rivals Manchester City.
The Sky Blues have a current value of $4.99 billion, according to Forbes.
Top 10 Most Valuable Football Clubs 2023
Real Madrid – $6.07bn
Manchester United – $6bn
Barcelona – $5.51bn
Liverpool – $5.29bn
Manchester City – $4.99bn
Bayern Munich – $4.86bn
Paris St-Germain – $4.21bn
Chelsea – $3.1bn
Tottenham Hotspur – $2.8bn
Arsenal – $2.26bn
Other Premier League teams featuring in Forbes’ top 30 list of the most valuable for 2023 include London clubs West Ham and Crystal Palace, the North East’s Newcastle United, Midlands-based Aston Villa, rival Liverpool club Everton, and the recently-relegated Leicester City.
Manchester United has been named as the second most valuable football team in the world, despite what Forbes has called the ongoing “sale saga with seemingly no end in sight”.
United fans will know that the club’s controversial current owners, The Glazer family – who have owned the club since 2005 – are apparently asking for a world-record price to buy the team, which would mean a higher figure than the $6.05 billion that the US-based NFL team, Washington Commanders, sold for this past April.
At the moment, it’s thought that only two bidders – Sheikh Jassim bin Hamad Al Thani of Qatar, and Sir Jim Radcliffe’s Ineos Group – submitted final bids to buy Manchester United before the club’s dealine on 28 April.
However, Finnish businessman Thomas Zilliacus notably tweeted that his bid for the club was still on the table.