1win launches $1WIN token on Solana after $61 million public sale

1win has completed the Token Generation Event (TGE) for its native Solana token, $1WIN, and the token is now trading on Meteora. For PSPs and other high-risk operators, the interesting part is not the logo on the announcement, but the mechanics: a fixed supply, a pro-rata public sale, on-chain liquidity, and token economics tied to gaming revenue.

1. The two-week public sale raised $61,024,107.76 in USDC commitments from more than 6,100 participants. 1win sold 130 million $1WIN tokens at $0.03 USDC each, and the sale ended 15.647 times oversubscribed.
2. The allocation model was pro-rata rather than first-come-first-served. In practice, each participant received a share of the 130 million tokens proportional to their total commitment, while unused USDC was returned at the time of claiming.
3. $1WIN has a fixed total supply of one billion tokens, with no additional minting after TGE. About 267 million tokens, or around 27% of total supply, unlocked at TGE. Public sale participants can claim their allocation at 1wintoken.com by connecting the Solana wallet used during the sale.
4. As a native SPL token, $1WIN is compatible with standard Solana wallets and decentralised trading infrastructure. The Meteora listing adds on-chain liquidity from the platform’s liquidity allocation.
5. 1win says the token’s buyback and burn mechanics are linked to its gaming business, which has operated since 2016 and serves 100 million registered players. Regular open-market buybacks will be funded from gaming revenue, while 10% of $1WIN spent through supported platform products will be permanently burned. The first token burn is scheduled for 30 days after TGE, with burns tracked through an on-chain dashboard.

Before the public sale and TGE, CertiK and Halborn conducted independent security assessments of the Solana-based smart contracts covering the token, sale, and burn functionality. Earlier this year, 1win also introduced multi-chain cryptocurrency deposits and withdrawals, along with wallet-based authentication through Trust Wallet, MetaMask and WalletConnect.