1win Announces Public Sale For $1WIN Token
1win will launch the public sale of its Solana-based $1WIN token on 15 October, introducing Web3 utility, rewards and revenue-linked mechanics across its existing gaming ecosystem.
1win has announced the upcoming public sale of $1WIN, a Solana-based token designed for use across its gaming and entertainment ecosystem.
The public sale is scheduled to begin at 4pm BST on 15 October, marking the next stage in the rollout of the token.
According to 1win, its existing platform serves 100 million registered players across international markets and operates independently of the new token.
$1WIN will have a fixed total supply of one billion tokens, with no additional tokens set to be minted following the Token Generation Event (TGE).
Revenue-Linked Buybacks And Token Burns
The token is intended for use across 1win products, including gaming, lottery and rewards, alongside other planned ecosystem functions.
1win said two mechanisms will connect $1WIN with activity generated through its existing platform.
The company plans to fund open-market purchases of $1WIN using revenue generated by its gaming operations. Separately, 10% of $1WIN spent through supported platform products will be permanently removed from circulation through a smart contract.
According to the company, the buyback model will use operating revenue rather than a finite reserve of tokens.
51% Of Supply Allocated To User-Facing Mechanisms
More than half of the total $1WIN supply has been designated for user-focused distribution and reward mechanisms.
Of the one billion-token supply, 25% will be allocated to platform game reward pools, 18% to Wager Rewards and 8% to distribution through the 1win Telegram Mini App. Together, these allocations account for 51% of the total supply.
$1WIN will be issued natively on Solana, allowing compatibility with standard Solana wallets and decentralised exchanges alongside its planned integration with 1win products.
The public sale will provide broader access to the token ahead of its wider rollout across the ecosystem.
1win Expands Web3 Integration
The token forms part of 1win’s wider expansion into Web3 services.
The platform already supports multi-chain cryptocurrency deposits and withdrawals and earlier this year introduced wallet-based authentication through Trust Wallet, MetaMask and WalletConnect.
The functionality allows users to register, sign in and make deposits through a connected cryptocurrency wallet.
