1win Begins Trading Its Token on Meteora After Offering 130 Million Units for Public Sale
Key Facts
Trading in 1WIN, the token of the 1win platform, began on the Solana-based Meteora protocol on November 3, according to a Finbold report. Trading began after the platform announced a public sale of 130 million tokens at 0.03 USDC each. The sale announcement said allocations would be distributed pro rata when demand exceeded the amount offered. The announcement had set October 30 as the scheduled date for the token generation event, while Finbold reported that trading on Meteora began on November 3. These dates place the October sale, the announced event date and the start of trading in the launch sequence reported by the sources.
1win set the amount offered in the public sale at 130 million tokens, priced at 0.03 USDC each, according to an announcement published by Chainwire in October 2026. The pro rata allocation mechanism means participants receive an allocation in line with supply and demand if purchase requests exceed the available amount. The official website says participation involves connecting a wallet on the Solana network and funding the purchase with USDC, with participants receiving the tokens upon distribution. The site also says public-sale tokens are not subject to a vesting period or distribution restrictions. The platform's example says that someone who deposits 10,000 USDC and receives an allocation worth 3,900 USDC gets 6,100 USDC returned to their wallet.
The sale announcement set the fixed total supply at 1 billion tokens and said no additional units could be issued after the token generation event. This announced cap sets the total amount under the published plan, while the amount each sale participant receives depends on pro rata allocation. 1win says the tokens can be used in casino games and sports betting on its platform. The announced usage mechanism adds that 10% of tokens spent through supported platform products will be permanently burned. The project thus links token use within its services to reducing some of the units spent, according to the percentage cited in the announcement.
The company describes 1win as an entertainment and gaming platform operating since 2016, and says its business and revenue are independent of the token. Regarding supply-management mechanisms, the sale announcement said open-market buybacks would be funded from gaming revenue. The announcement in the available material did not specify a date or volume for the buybacks. The company also said the first planned burn would take place 30 days after launch. This is in addition to the burn linked to token spending, while the announced total supply remains fixed at 1 billion units and no additional units can be issued after the generation event.