Since its release in March, ApeCoin has already earned a name for itself in the cryptocurrency world. Since then, there has been a massive increase in price as well as a great deal of volatility in the market. A very popular and pricey non-fungible token (NFT) collection known as the Bored Ape Yacht Club is closely linked to the token. Some feel that ApeCoin might be highly successful because of the popularity of these NFTs and the community that surrounds them. However, LuckyBlock is a newcomer to the cryptocurrency industry and might give Apecoin a rough time. Lucky Block is a system built on the Binance Smart Chain (BSC) that seeks to revolutionize the online gaming world. The project’s appeal comes from its user investment scheme, votes on how the project is run, and the chance for long-term investors to make money from jackpots.
Let us examine each of them and determine which one is superior. In this article, we will thoroughly analyze both tokens in order to determine which one is better. Continue reading below for further details.
What Is Apecoin?
The Bored Ape Yacht Club has become a prominent NFT collection ever since its premiere in April 2021, when it was first released. ApeCoin (APE) is a utility token that serves as a means of governing the APE ecosystem. It is an open-source protocol layer that helps the APE community develop Web 3.0.
There are a total of 1 billion APE tokens in circulation. All APE token holders can participate in the ApeCoin DAO, which is a decentralized organization that makes governance choices on behalf of the token. APE is the principal token for all goods and services at Yuga Labs.
The ApeCoin Ecosystem
The APE ecosystem includes the ApeCoin community and other APE-based goods and services. Yuga Labs is a web 3.0 company that created the Bored Ape Yacht Club. It will join the ApeCoin DAO and use APE as its main token in future initiatives. When ApeCoin first launched, members of Mutant Ape Yacht Club and Bored Ape Yacht Club NFTs received 15% of the ApeCoin supply.
The Bored Ape Yacht Club is the first APE NFT collection. It includes 10,000 distinct Ape NFTs on the Ethereum blockchain, which has become really prominent in the crypto scene. In terms of appearance and uniqueness, each ape is one of a kind.
The Mutant Ape Yacht Club is a part of the APE ecosystem. It’s an NFT collection with 20,000 modified BAYC Apes. To add to the uniqueness of traits, 10,000 of them were airdropped to the initial BAYC NFT holders. BAYC holders were able to produce a variety of mutant apes using the various serum tiers they got. Each BAYC can develop just one mutant from a single kind of serum, and the serum is discarded after usage.
The Bored Ape Kennel Club is another NFT collection featuring dogs that are made accessible to all BAYC members. Holders can get a random Club Dog NFT for free, but they must pay a gas price for each Bored Ape NFT they own.
What Is LuckyBlock?
Lucky Block (LBLOCK) is a simple concept. It is developing a decentralized lottery with the help of the blockchain. This project aims to address many of the current system’s shortcomings, including security, liquidity, and payment delays.
Lucky Block is the newest version of this sort of gambling that incorporates blockchain technology. By combining the concepts, LuckyBlock aims to make the system more equal and lucrative. In addition to earning passive income, Lucky Block (LBLOCK) crypto investors will have the option of purchasing a lottery ticket. The BEP-20 cryptocurrency, LBLOCK, is part of the Binance Smart Chain.
Coming from London, Scott Ryder is the project’s CEO. With a banking background, he moved into cryptocurrencies in 2017 as sales director at CryptoGo. His LinkedIn page says Ryder currently has three crypto positions. He co-founded DeFi Coins and is the CEO of StakeMoon Coin.
Lucky Block has yet to organize its first event but has described the process. First, every LBLOCK transaction contributes 4% to the lottery fund. By locking in their tokens, investors may choose whether or not to participate in the daily jackpot. This prize includes the lottery money and LBLOCK. In addition, during the lottery, 70% of the jackpot goes to a single winner, 10% goes to a charity, 10% goes to advertising, and 10% goes to all LBLOCK investors, who get it in equal shares.
LuckyBlock’s Promising Future
As we mentioned above, Lucky Block is a newcomer to the crypto industry, and it has already made a favorable impression. The presale for LBLOCK, which was supposed to finish on February 1, 2022, sold out on January 21. Their 9,000 holders raised approximately $6 million.
After the presale, LBLOCK aimed to release the token on PancakeSwap. But since the token sold out, they decided to move it to January 26. The projects Telegram group is also flourishing. A contribution to charity is a core aspect of Lucky Block’s goal and tokenomics. The crypto lottery paid $5,000 to the British Red Cross, a prominent consumer of its funds.
LBLOCK’s price jumped from $0.0008 on January 28 to roughly $0.002 on January 31. This price persisted for a month. Anyone who’s ever dabbled in the world of cryptocurrency knows that this is a very good price jump. Lucky Block announced its initial exchange listing on February 11th. LBLOCK reached a high of $0.007 on the day of the listing. And experts predict the token might gradually increase in value.
LuckyBlock Vs. Apecoin
There is a good chance that one of the two tokens might have a brighter future than the other. LuckyBlock has the distinction of being the world’s first cryptocurrency gaming platform. The NFT scene, on the other hand, has experienced a decline in interest in recent months.
Despite ApeCoin’s strong support and well-known name in the crypto community, it falls short of expectations. Here, LuckyBlock takes the lead since it is trying to provide an entirely new concept: a well-executed crypto gaming platform that is simple to use.
Even though both projects have a ton of potential, based on our analysis, we have come to the conclusion that LuckyBlock potentially has more to offer. However, you should do your own research and only invest what you can afford to lose.
Takeaways
- Since ApeCoin came out in March, it has already made a name for itself in the cryptocurrency world.
- LuckyBlock is a newcomer to the world of cryptocurrency with the aim of making the best crypto gambling platform out there.
- The ApeCoin community and other APE-based goods and services make up the APE ecosystem.
- LuckyBlock aims to make the system more fair and profitable by combining different concepts.
- One of the two tokens is likely to outperform the other in the long run.
- Even though both projects have a lot of potential, we believe LuckyBlock has more to offer.