1win Unveils Dual-Chain Token With Buyback and Burn Model

1win, the iGaming company with thousands of global employees that has turned into one of the industry leaders in just eight years since its founding, is getting ready to roll out its own crypto asset, called 1win Token. 

The Bigger the Platform, the Bigger the Revenue 

The announcement comes in the context of the company’s intention to tie its gaming platform more closely to on-chain activity. The token will run on both Solana and BNB Chain, giving users access to two widely used blockchain networks with different strengths.

The launch is being paired with an airdrop aimed at users of the 1win Token TMA, a Telegram mini app built around a tap-to-earn game. Since its debut, the game has drawn in millions of players. 

Now, these players and others joining them will benefit from the main gateway to the initial token distribution, with the company already publishing the qualifying criteria.

According to 1win, which operates across Asia, Latin America, and Africa, the token will be more than a speculative asset, as it has been designed for everyday use across the platform, ranging from casino-style games and sports betting to lottery formats and seasonal features. 

Alex Filkin, head of crypto at 1win, explained the main idea: directly connect the token’s value to the way the platform performs. 

“The bigger the platform gets, the more revenue it generates, the more tokens are bought back and burned,” Filkin said. “It’s a transparent model directly linked to real product usage and platform growth.”

Two Systems Behind

The model relies on two automated systems. The first one is a weekly buyback tied to cashback. Each week, 1win will set aside a portion of revenue generated across both fiat and crypto activity to buy tokens from the open market. 

The respective tokens will then be distributed to users who choose to receive cashback in $1WIN. For users who choose to transact straight in the token, the platform will skip the repurchase step and use existing allocations instead.

The second mechanism refers to a daily token burn. On a daily basis, 10% of all tokens spent on the platform will be permanently removed from circulation. 

This procedure will apply to gameplay, lottery entries, BattlePass features, and other uses. Over time, the process will cut the total supply while increasing scarcity for the remaining tokens.

The supply itself is capped at 10 billion tokens, split between Solana and BNB Chain. That limit is hard-coded into the smart contracts and cannot be changed. 

Buybacks, burns, and cashback payouts will all be automatically handled via audited contracts, which means anyone interested in verifying how the system works can freely do so.

What does this all mean for players? In short, easier access to crypto deposit bonuses, quicker cashouts typically cleared in less than 90 seconds, and token-only features. 

As for DeFi (Decentralized Finance)users, the appeal comes from the weekly demand for buybacks, dual-chain liquidity, staking options, and vesting structures aimed at managing distribution. In 2025, the company chose MMA star Jon Jones as its global ambassador.