Blockchain lottery platform Lucky Block, which only started trading publicly on January 26, 2022, has already hit a market capitalization of $100 million with over 10,000 holders.
At 15:59 GMT, the price touched $0.00100 on decentralized exchange PancakeSwap. That represents a gain of 566% 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 426% gain.
The presale finished early, and such was the demand for the innovative token, after raising $5.7 million from eager investors.
Aside from the strong fundamentals underpinning the crypto project, price momentum has been helped by its listing on leading crypto data site CoinGecko, within 24 hours of its exchange debut.
Also, in a first for the crypto world, Lucky Block donated $5,000 in crypto to the British Red Cross earlier this month.
Darnell McWilliams, Lucky Block’s head of marketing, commenting on the CoinGecko listing, said: “We got on there within 24 hours, which suggests that CoinGecko very much liked what they could see, standing us in good stead for an expedited listing on coinmarketcap – we sent in the application for that last week.”
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Lucky Block token set for launch
Asked when the Lucky Block token was likely to make an appearance on a centralized exchange (CEX), McWilliams added: “FTX will probably be the first CEX we list on and, again, our smooth launch means that could be happening very soon, especially now that we are on CoinGecko.”
Lucky Block has been dubbed the People’s Lottery because of its transparency and fairness. Charities will benefit from 10% of ticket sales revenue, players will get better odds than those available from traditional lottery promoters, and, uniquely, it pays a dividend from every draw to all LBlock token holders.
The Lucky Block mobile app is slated to launch on March 21 this year, with the first Friday night draw taking place on March 25.
Lucky Block has already lined up deals with three premier bar chains in the UK and a global advertising campaign is being ramped up across social media channels.
