1win, a crypto entertainment platform, has announced the sale of $1WIN, its own Solana-based token designed to extend the company’s existing gaming ecosystem with Web3 utility, user rewards, and revenue-linked token mechanics. The token sale starts here on October 15th at 4 pm BST.
The public sale marks the next stage in the rollout of $1WIN, which is being introduced 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.
$1WIN will have a fixed total supply of 1 billion tokens, with no additional minting after TGE. The token is being developed for use across 1win products, including gaming, lottery, rewards, and other ecosystem functions.
Two mechanisms will connect the token directly with 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.
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. Separately, 10% of $1WIN spent through supported products will be permanently removed from supply through a smart contract.
$1WIN will be issued as a native token on Solana, allowing it to integrate with standard Solana wallets and decentralized exchanges alongside its planned use within the 1win ecosystem. The upcoming public sale will give users their first broader opportunity to access $1WIN ahead of the wider ecosystem rollout.
The token is part of 1win’s broader expansion into Web3, and its structure is designed to make it an extension of an operating business. The platform already supports multi-chain cryptocurrency deposits and withdrawals and introduced wallet-based authentication through Trust Wallet, MetaMask, and WalletConnect earlier this year, allowing users to register, sign in, and deposit through a connected crypto wallet.