1win announces public sale of $1WIN token on October 15

1win, a crypto entertainment platform, has announced the upcoming public sale of $1WIN, a new Solana-based token designed to extend its existing gaming ecosystem with Web3 utility, user rewards, and revenue-linked mechanics. The token sale opens on October 15 at 4pm BST.

The public sale marks the next stage in the rollout of $1WIN to a platform serving 100 million registered players across international markets. 

Unlike token projects built around a future product roadmap, 1win’s existing business operates independently of the token and already generates revenue through its gaming and entertainment products.

Revenue-funded buybacks and burn mechanism link token supply to platform activity

$1WIN will have a fixed total supply of 1 billion tokens with no additional minting after the token generation event. 

Two mechanisms connect the token directly to activity on the existing platform: open-market buybacks funded by gaming revenue, and the permanent burning of 10% of $1WIN spent through supported platform products via smart contract.

Rather than financing buybacks from a finite pool of token reserves, 1win plans to fund regular $1WIN purchases using revenue generated by its existing gaming business.

The majority of the token supply is allocated around user participation. 51% of the total supply is designated for user-facing mechanisms, including 25% for platform game reward pools, 18% for Wager Rewards, and 8% for distribution through the 1win Telegram Mini App.

$1WIN will be issued as a native token on Solana, allowing it to integrate with standard Solana wallets and decentralized exchanges. 

The platform already supports multi-chain cryptocurrency deposits and withdrawals and introduced wallet-based authentication through Trust Wallet, MetaMask, and WalletConnect earlier this year.

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