1win's $1WIN token hits Solana Oct. 15 — finally, a token with an actual business attached to it 🪙

1win, the crypto entertainment platform that operates across Asia, Latin America, and Africa, will hold a public sale of its Solana-based $1WIN token on October 15th at 4 pm BST, the company announced. The sale marks the next stage in the rollout of a token designed to extend 1win's gaming ecosystem with Web3 utility, user rewards, and revenue-linked mechanics. 1win reports it has 100 million registered players across international markets.

Unlike many token projects tied to a future product roadmap, 1win's existing business operates independently of $1WIN 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 the token generation event (TGE). The token is being built for use across 1win products including gaming, lottery, rewards, and other ecosystem functions.

Two mechanisms will 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. 1win plans to fund regular $1WIN purchases using revenue from its existing gaming business rather than from a finite token reserve, while a smart contract will permanently remove 10% of $1WIN spent through supported products from supply.

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, enabling integration with standard Solana wallets and decentralized exchanges alongside its planned use within the 1win ecosystem.

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. 1win was founded in 2016 and collaborates with international public figures including UFC legend Ilia Topuria, Olympic champion and UFC fighter Gable Steveson, professional boxer Ryan Garcia, rapper Tyga, reggaeton star Nicky Jam, and UFC interviewer Nina Drama.