Headline: 1win’s $1WIN debuts on Solana’s Meteora after oversubscribed $61M public sale
1win has opened trading for its new Solana-native token, $1WIN, on decentralized liquidity protocol Meteora after a two-week public sale that drew roughly $61 million in USDC commitments from more than 6,100 participants.
Sale mechanics and scale
- The public sale offered 130 million $1WIN at $0.03 USDC each, valuing the public allocation at $3.9 million. The sale finished about 15.647x oversubscribed, with the $61 million figure representing total commitments (including funds that will be refunded).
- Under the sale’s pro rata structure, each participant received tokens proportional to their share of total USDC committed; there was no “first-come” priority. Using the announced totals, roughly 6.39% of each commitment was applied to buy tokens and the remaining ~93.61% was returned via the sale’s refund mechanism.
- Example: a $1,000 commitment would translate to about $63.91 used to purchase ~2,130 tokens, with ~ $936.09 refunded (before minor rounding).
Trading, token standard and claiming
- $1WIN is an SPL token on Solana and is now tradable on Meteora. The project published the official token contract address and advises users to check slippage and price impact before swapping.
- Participants can claim allocations through the token website’s Claim section using the same Solana wallet they connected during the sale. Claiming requires signing a wallet transaction and a small SOL balance to cover network fees; allocated tokens and unused USDC are returned to the same wallet once confirmed. If tokens don’t appear automatically, users may need to import the token manually using the published contract address.
Tokenomics and issuance
- Total supply is fixed at one billion tokens; at the $0.03 sale price this implies a fully diluted valuation (FDV) of $30 million. The public sale represented 13% of total supply (130 million).
- According to the 1win Token Litepaper, approximately 267 million tokens (26.7% of supply) unlock at the token generation event (TGE). The company says no additional tokens will be minted post‑TGE.
Buybacks, burns and utility
- 1win plans market buybacks of $1WIN using revenue from its gaming operations; the company specifies these purchases will be funded from operating revenue rather than token reserves.
- Separately, the platform will permanently burn 10% of $1WIN spent through supported products. The first burn is scheduled 30 days after the TGE, with transactions to be visible via an on‑chain dashboard.
- 1win positions $1WIN as a utility and rewards token for its entertainment platform, which it says has served 100 million registered players since launching in 2016. The company states its gaming revenue is generated independently of the token.
Security, integrations and promotions
- Ahead of the sale, CertiK and Halborn performed independent security assessments of the Solana smart contracts supporting token, sale and burn functionality.
- Earlier this year 1win added crypto deposits and withdrawals across multiple blockchains and supports wallet authentication through Trust Wallet, MetaMask and WalletConnect.
- Public sale participants qualified for extra entries in the platform’s Lucky Drive promotion: each full $100 spent on $1WIN earned an additional ticket (up to a combined maximum of 32 tickets per user, including regular participation). Tickets are to be credited ahead of the Nov. 15 draw, whose top prize is a Lamborghini Urus.
What this means
The oversubscribed sale and immediate Meteora listing demonstrate strong early interest in $1WIN and 1win’s push to integrate tokenized rewards into its existing gaming ecosystem. Key next steps for users are to claim allocations, monitor the Meteora orderbooks for price action, and watch the planned buyback and burn mechanics as they unfold on‑chain.
1win has opened trading for its new Solana-native token, $1WIN, on decentralized liquidity protocol Meteora after a two-week public sale that drew roughly $61 million in USDC commitments from more than 6,100 participants.
Sale mechanics and scale
- The public sale offered 130 million $1WIN at $0.03 USDC each, valuing the public allocation at $3.9 million. The sale finished about 15.647x oversubscribed, with the $61 million figure representing total commitments (including funds that will be refunded).
- Under the sale’s pro rata structure, each participant received tokens proportional to their share of total USDC committed; there was no “first-come” priority. Using the announced totals, roughly 6.39% of each commitment was applied to buy tokens and the remaining ~93.61% was returned via the sale’s refund mechanism.
- Example: a $1,000 commitment would translate to about $63.91 used to purchase ~2,130 tokens, with ~ $936.09 refunded (before minor rounding).
Trading, token standard and claiming
- $1WIN is an SPL token on Solana and is now tradable on Meteora. The project published the official token contract address and advises users to check slippage and price impact before swapping.
- Participants can claim allocations through the token website’s Claim section using the same Solana wallet they connected during the sale. Claiming requires signing a wallet transaction and a small SOL balance to cover network fees; allocated tokens and unused USDC are returned to the same wallet once confirmed. If tokens don’t appear automatically, users may need to import the token manually using the published contract address.
Tokenomics and issuance
- Total supply is fixed at one billion tokens; at the $0.03 sale price this implies a fully diluted valuation (FDV) of $30 million. The public sale represented 13% of total supply (130 million).
- According to the 1win Token Litepaper, approximately 267 million tokens (26.7% of supply) unlock at the token generation event (TGE). The company says no additional tokens will be minted post‑TGE.
Buybacks, burns and utility
- 1win plans market buybacks of $1WIN using revenue from its gaming operations; the company specifies these purchases will be funded from operating revenue rather than token reserves.
- Separately, the platform will permanently burn 10% of $1WIN spent through supported products. The first burn is scheduled 30 days after the TGE, with transactions to be visible via an on‑chain dashboard.
- 1win positions $1WIN as a utility and rewards token for its entertainment platform, which it says has served 100 million registered players since launching in 2016. The company states its gaming revenue is generated independently of the token.
Security, integrations and promotions
- Ahead of the sale, CertiK and Halborn performed independent security assessments of the Solana smart contracts supporting token, sale and burn functionality.
- Earlier this year 1win added crypto deposits and withdrawals across multiple blockchains and supports wallet authentication through Trust Wallet, MetaMask and WalletConnect.
- Public sale participants qualified for extra entries in the platform’s Lucky Drive promotion: each full $100 spent on $1WIN earned an additional ticket (up to a combined maximum of 32 tickets per user, including regular participation). Tickets are to be credited ahead of the Nov. 15 draw, whose top prize is a Lamborghini Urus.
What this means
The oversubscribed sale and immediate Meteora listing demonstrate strong early interest in $1WIN and 1win’s push to integrate tokenized rewards into its existing gaming ecosystem. Key next steps for users are to claim allocations, monitor the Meteora orderbooks for price action, and watch the planned buyback and burn mechanics as they unfold on‑chain.