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1win launches $1WIN token on Solana after $61M public sale
The gaming platform completed its token generation event following a heavily oversubscribed two-week sale.
Key takeaways
- Oversubscribed sale. The public sale attracted 15.647 times more commitments than available tokens, with 130 million $1WIN tokens offered at $0.03 each.
- Token economics tied to gaming. 1win plans to use gaming revenue to buy back tokens on the open market and burn 10% of tokens spent through platform products, with the first burn scheduled 30 days after launch.
- Security audits completed. CertiK and Halborn reviewed the smart contracts before launch and found no critical or high severity vulnerabilities.
What happened
1win, a crypto entertainment platform, completed the Token Generation Event for $1WIN, its native token built on Solana. The token is now live for trading on Meteora, a liquidity protocol on Solana. The launch came after a two-week public sale period that concluded with $61,024,107.76 in USDC commitments from more than 6,100 participants.
The public sale offered 130 million $1WIN tokens at a price of $0.03 per token. The offering attracted significantly more demand than available supply, with commitments reaching 15.647 times the available tokens. The sale used a pro-rata allocation model, meaning each participant received a share of tokens proportional to their commitment amount, rather than a first-come-first-served approach. Participants with unused USDC received refunds when claiming their allocation.
$1WIN has a fixed total supply of one billion tokens with no additional minting planned after the token generation event. At launch, approximately 267 million tokens, roughly 27% of total supply, were unlocked according to the project's distribution schedule. Participants in the public sale can claim their token allocation by connecting their Solana wallet at 1wintoken.com.
First $121.53Latest $93.44-23.1% over the period
Points are daily observations, not closing prices.
Why it matters
The token launch represents 1win's effort to integrate cryptocurrency more deeply into its platform ecosystem. The platform states it has 100 million registered players globally and has operated since 2016. By creating a native token, 1win aims to establish a token economy within its gaming services, incorporating $1WIN into rewards, lotteries, and other gaming services. The token's integration with Solana provides access to the blockchain's broader DeFi infrastructure and liquidity.
Background
1win's tokenomics are designed to connect token supply with the platform's gaming business performance. The company plans to conduct regular open-market buybacks using gaming revenue rather than drawing from token reserves. Additionally, 10% of $1WIN spent through supported platform products will be permanently burned. The first burn event is scheduled for 30 days after the token generation event, with subsequent burns tracked on a public on-chain dashboard. These mechanisms are intended to reduce circulating supply over time while tying token dynamics directly to platform activity.
1win expanded its cryptocurrency infrastructure earlier in 2026 by adding multi-chain cryptocurrency deposits and withdrawals, alongside wallet-based authentication through Trust Wallet, MetaMask, and WalletConnect. Before the public sale and token launch, independent security audits were conducted by CertiK and Halborn, covering the Solana smart contracts supporting the token, the public sale mechanism, and the burn functionality. Neither audit identified critical or high severity vulnerabilities in the reviewed code.
What to watch
Key milestones to monitor include the first scheduled token burn 30 days after launch and the long-term effectiveness of the buyback program in maintaining token value. The platform's ability to integrate $1WIN meaningfully into its gaming products and drive user adoption of the token will also be important to track. Additionally, traders should watch how liquidity on Meteora evolves as the market settles after the initial launch period.
Questions readers ask
How can I claim my tokens from the public sale?
Public sale participants can claim their allocation by visiting 1wintoken.com and connecting the Solana wallet they used during the sale. The platform will calculate the pro-rata share based on their commitment amount.
What happens to unused USDC from the sale?
If participants committed more USDC than their pro-rata share required, the excess USDC is automatically returned to their wallets at the time of claiming tokens.
Will more $1WIN tokens be created after launch?
No. The token supply is only expected to decrease through the burn mechanism.
