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
Hundreds of jobs up for grabs in the hotel that’s transforming one of Manchester’s biggest eyesores
Treehouse Hotel, which is transforming a building long-seen as an eyesore in Manchester, has launched a huge recruitment drive.
The massive hotel is set to open early next year, turning the former Renaissance site at the northern end of Deansgate into a 216-room hotel, complete with ‘secret forest’ treehouse canopy and three new restaurants and bars.
As it prepares to open its doors, Treehouse has announced 220 new job opportunities across six different departments.
The recruitment drive, known as Let’s Grow Together, will be hiring people for 35 different roles, from the bar to the kitchen to housekeeping and everyone in between.
They say they’re hunting for people to join a team with ‘strong ethics, positive mindsets, and eagerness to help everyone develop together’.
Treehouse hotel itself is recruiting for front office attendants, housekeeping, banqueting and more, with further vacancies in The Nest (a 14th-floor restaurant and bar) and the ground floor dining space.
The Nest will be headed up by chef Sam Grainger (of critically-acclaimed Liverpool restaurant Belzan), restaurateur Luke Cowdrey and Justin Crawford, while the ground-floor all-day dining space comes from the mind of Mary-Ellen McTague.
Roles in the food and drink spaces include chefs, waiters, hosts, bartenders, serving teams and more.
Jules Furnival, people operations manager at Treehouse Hotel Manchester, said: “We look forward to growing the Treehouse family here in Manchester.
“This is a unique opportunity in the city for those in Hospitality and Leisure to finally find what they have been searching for. I feel truly lucky to be a part of such a diverse and people focused company, and I cannot wait to welcome our teams, so they can experience the wonder that is Treehouse with us.”
Takeaway with a takeaway – inspirational Christmas event with free lunch from The Manc, Deliveroo and Bruntwood
The ultimate lunch club is back in Manchester this week for a very special Christmas event.
The takeaway with a takeaway events are a collaboration between The Manc, Deliveroo, and Bruntwood, and features a different local business legend each month.
Those who come along are also given a free lunch from Deliveroo, which champions local restaurants.
This week’s event will take place at the beautiful Blackfriars House and will feature a discussion on how to make an impact.
The guest speaker on Wednesday 7 December will be Lauren Rosegreen, winner of the Northern Game Changer Awards, known for her work with Invisible Cities
As well as the free lunch and the inspiring speech from the chosen experts, each session includes a networking opportunity at one of Bruntwood’s buildings around Manchester.
The first lunch club took place in August at Blackfriars House, where Christopher Owen spoke to attendees about what it means to be a good person.
A spokesperson for Deliveroo said: “We are thrilled for the opportunity to showcase some of Deliveroo’s amazing Manchester restaurants while providing the business community with a delicious midweek treat by partnering with The Manc & Bruntwood for the new Lunchtime Takeaway event.”
Rosie Davis, business development manager for Bruntwood, said: “I am so excited to host this event in the Bruntwood Buildings with The Manc and Deliveroo and to bring the Manchester business community together with two of the best things in life; food and inspirational people!”
Kristen MacGregor-Houlston, head of brand partnerships at The Manc, said: “We’re genuinely buzzing to be collaborating with industry leaders like Bruntwood and Deliveroo for the lunchtime takeaway series.
“We’re going to be inspiring the business community of Manchester with this event series and it’s a fantastic opportunity to highlight some of our region’s delicious food and drink offering.”
All three businesses will come together at Blackfriars House on St. Mary’s Parsonage, in The Auditorium.