1win opened a two-week public sale for its Solana-based $1WIN token on October 15, 2026, according to a company announcement distributed through Chainwire. The sale offers 130 million tokens at $0.03 USDC each, with a token generation event scheduled for October 30.
Allocations will be determined after the sale window closes through an oversubscription model. The company says participants will receive proportional allocations if demand exceeds available supply, with unused USDC returned. This differs from a sale in which allocations are assigned solely by purchase order.
The announced total supply is fixed at 1 billion tokens, with no additional minting after the token generation event. Planned uses include gaming, lottery products, rewards and other functions within 1win’s existing platform.
Planned buybacks and burns link tokens to platform activity
1win says gaming revenue will fund open-market token purchases. A separate mechanism is intended to permanently remove 10% of $1WIN spent through supported products. These are the company’s announced token mechanics, rather than evidence of completed buybacks or an established trading record.
The token is designed to operate with standard Solana wallets and decentralized exchanges. Its introduction follows other Web3 features announced by 1win, including cryptocurrency deposits and withdrawals and wallet-based authentication through Trust Wallet, MetaMask and WalletConnect.
The October 15 release says CertiK and Halborn assessed the smart-contract infrastructure supporting the token, sale and burn functions. It also states that 1win’s existing gaming business operates independently of the token; the public sale precedes the planned October 30 token generation event.
