1win launches $1WIN on Meteora after $61 million public sale draws 15x oversubscription
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- 1win completed the Token Generation Event (TGE) for $1WIN, its native Solana token, which is now live for trading on Meteora
- The two-week public sale attracted $61,024,107.76 in USDC commitments from more than 6,100 participants and was 15.647 times oversubscribed.
- Regular open-market buybacks will be funded by gaming revenue, while 10% of $1WIN spent through supported platform products will be permanently burned.
1win, a crypto entertainment platform, has completed the Token Generation Event (TGE) for $1WIN, its native Solana token, with $1WIN now live for trading on Meteora, a Solana-based liquidity protocol.
The launch follows a two-week public sale that attracted $61,024,107.76 in USDC commitments from more than 6,100 participants. The sale offered 130 million $1WIN at $0.03 USDC and was 15.647 times oversubscribed.
Pro-rata model returns unused USDC to participants
The $1WIN public sale used a pro-rata oversubscription model rather than a first-come-first-served structure.
Each participant received a share of the 130 million $1WIN proportional to their share of total commitments, and unused USDC was returned to the same wallet together with the $1WIN allocation at claim.
How sale participants can claim their $1WIN
Public sale participants can now claim their allocated $1WIN in three simple steps:
- Visit 1wintoken.com and open the Claim section. Connect the same Solana wallet used to participate in the token sale.
- Select Claim and approve the transaction. Participants should have a small amount of SOL available to cover the Solana network fee.
- Once the transaction is confirmed, together with the $1WIN, any unused USDC is returned to the same wallet upon claiming. If the token is not displayed automatically, users may need to import $1WIN manually using the official token contract address provided through 1win’s official channels.
Meteora listing brings $1WIN into the Solana ecosystem
Alongside the TGE, $1WIN is now available for on-chain trading through Meteora, bringing the token into the wider Solana ecosystem.
As a native SPL token, $1WIN is compatible with standard Solana wallets and decentralized trading infrastructure. The Meteora launch provides on-chain liquidity from the Liquidity allocation and enables users to trade $1WIN after the public distribution is complete.
$1WIN has a fixed total supply of 1 billion tokens, with no additional minting after TGE. Based on the schedules provided in the 1win Token Litepaper, approximately 267 million tokens (around 27% of the whole supply) unlock at TGE.
Gaming revenue to fund buybacks as burns shrink supply
$1WIN enters the market as the token of an established gaming business that has operated since 2016 and generates revenue independently of the token. 1win serves 100 million registered players across international markets, with $1WIN adding Web3 utility and rewards to an existing gaming ecosystem.
Its tokenomics connect $1WIN with activity generated by 1win’s existing business. Regular open-market buybacks will be funded using gaming revenue rather than token reserves. Separately, 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 to be publicly trackable through an on-chain dashboard. Combined with the fixed one-billion-token supply and no additional issuance, the mechanisms are designed to progressively reduce available supply as $1WIN is used across the platform.
CertiK and Halborn audits underpin 1win’s Web3 push
Ahead of the public sale and TGE, CertiK and Halborn conducted independent security assessments of the Solana-based smart contracts supporting the $1WIN ecosystem, including its token, sale, and burn functionality.
The TGE and launch on Meteora build on 1win’s wider move into Web3. Earlier this year, the platform introduced multi-chain cryptocurrency deposits and withdrawals alongside wallet-based authentication through Trust Wallet, MetaMask, and WalletConnect, allowing users to register, sign in, and deposit using a connected crypto wallet.
Sale participants earn tickets for Lamborghini Urus draw
Public sale participants were also eligible to earn tickets for 1win’s Lucky Drive promotion. Every full $100 spent on $1WIN during the sale earned an additional ticket for qualifying users, subject to a maximum of 32 tickets per user, including tickets obtained through regular participation. Tickets will be credited ahead of the November 15 draw, where the top prize is a Lamborghini Urus.
More information about $1WIN, token claiming, and trading is available here.
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