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first_img The cryptocurrency entertainment platform 1win will publicly sell 1WIN tokens

The cryptocurrency entertainment platform 1win announced that it will publicly sell the Solana native token 1WIN on October 15, 2026, at 4 PM (BST). The announcement states that the token will be used to expand the Web3 applications of the existing gaming ecosystem, user rewards, and a token mechanism linked to revenue. The total supply of 1WIN is fixed at 1 billion tokens, with no further issuance after the Token Generation Event (TGE). Its uses include gaming, lotteries, rewards, and other ecosystem functions.The announcement lists two mechanisms: to repurchase 1WIN on the open market using gaming revenue; and to permanently destroy 10% of 1WIN spent on supported platform products through smart contracts. In terms of supply distribution, 51% is allocated to users, with 25% for the platform's gaming reward pool, 18% for Wager Rewards, and 8% distributed through the 1win Telegram Mini App. The token can be accessed via standard Solana wallets and decentralized exchanges.1win claims that the platform has 100 million registered players in international markets, and its existing business operates independently of the token, generating revenue through gaming and entertainment products. The platform has supported multi-chain cryptocurrency deposits and withdrawals and stated that earlier this year it introduced wallet login through Trust Wallet, MetaMask, and WalletConnect. 1win was established in 2016, with operations covering Asia, Latin America, and Africa.

first_img WHUF Founder: When the token price is below the ICO price, redeeming tokens will result in destruction

The founder of the WHUF project posted on X that the WHUF trading price is below the ICO price. He stated that the price guarantee is functioning as designed, and the redeemed WHUF will be destroyed and permanently removed from circulation. The team originally expected this mechanism to reduce sell-offs close to $3.57, but 23% of the original purchase amount did not receive guarantees within the protection window, which currently constitutes the largest outflow.The founder mentioned that the team focuses liquidity on Coinbase, hiring two market makers and allocating 175 basis points of centralized exchange liquidity, with only about 25 basis points on-chain. The launch pool has about 20,000 WHUF and less than $100,000 USDC, with auction buyers selling about 101,000 WHUF in the first hour after unlocking. A single $10,000 sell order caused the price to fluctuate nearly 20%. Of the 1,402 auction wallets, 298 sold, with 92% occurring in the first 3 hours. The team refused to pay for listings, and the exchange's +/-2% depth sometimes only amounts to $10,000 to $40,000. Of the $7.14 million raised from the ICO, $7.14 million has been reserved for price protection.The founder stated that if the auction is redone, they would choose Uniswap CCA and use the Sonar platform fees to inject liquidity. Redemptions must check against the sanctions list, and Sumsub has flagged 5 individuals who did not pass, with reasons including terrorism and crime. Redemptions for non-sanctioned users have been automated, and the team will return USDC in batches and destroy the corresponding WHUF, which is expected to take at least several days. At the time of the project's issuance, 20% of the supply was sold, mainly raised from the community, and provided protocol usage rewards and ICO price protection.

first_img The UK sanctions platforms such as Cryptomus and TokenSpot

On October 8, the UK added Xeltox Enterprises, Processing KG, TokenSpot, and Tsunami Payments to the sanctions list, identified as RUS3755, RUS3756, RUS3758, and RUS3763 respectively. This batch includes a total of 38 new designations, including three cryptocurrency exchanges and two payment platforms. The government stated that two of the companies had processed transactions related to the Kremlin-backed A7 network, which claims to have transferred over $90 billion last year; the announcement did not specify the exact companies, and this figure is based on A7's claims as reported by the UK.The measures go beyond asset freezes, and the listed companies also face restrictions on banking, payment processing, and internet services within the UK. The Secretary of State stated there are reasonable grounds to suspect that Xeltox benefits from or supports the Russian government by operating in the Russian financial services sector, and is associated with activities linked to Cryptomus and those continued through Heleket. Cryptomus, Heleket, and Certa Payments Ltd are listed as major name variants of Xeltox. TokenSpot is a closed joint-stock company based in Bishkek, Kyrgyzstan, with reasonable grounds to suspect it supports the Russian government or benefits from it by operating in the Russian financial services sector.Processing KG is an open joint-stock company based in Bishkek, with websites processing-kg.com and vexpay.net, and records indicate that the parent company is the Kyrgyz Ministry of Finance, engaged in business of economic significance to the Russian government;
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