1win to begin public sale of Solana-based 1WIN token on Oct. 15

Crypto entertainment platform 1win announced it will begin the public sale of its Solana-based token, 1WIN, at 3:00 p.m. UTC on Oct. 15. The token is set to be used across 1win’s games, lotteries and user rewards. 1WIN will have a fixed total supply of one billion tokens, with no additional issuance after the token generation event. 1win plans to use revenue from its existing gaming business to regularly buy back 1WIN in the market. It also said 10% of tokens used by users in games or lotteries will be permanently burned through a smart contract. A total of 51% of the supply has been allocated to user rewards and distribution, consisting of 25% for the gaming rewards pool, 18% for betting rewards and 8% for Telegram mini-app distribution.