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Trending New Crypto GCOIN by PlayNance Debuts With 14 Billion Tokens Sold Already

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PlayNance, a unified on-chain infrastructure specifically engineered to power the entire world of gaming, betting, and prediction, has launched its highly anticipated native cryptocurrency, GCOIN.

This represents a massive milestone when it comes to the expansion of its Web3 entertainment ecosystem.

GCOIN Deposits at MEXC Now Live, 200K Holders Already

GCOIN will start trading on one of the most popular altcoin-oriented exchanges in the industry – MEXC, and deposits are already open. Speaking on the matter was the CEO of PlayNance, Pini Peter, who said:

“Today marks a defining moment for Playnance. […] We identified early the opportunity to bring real scale into Web3 entertainment, and we’re building one of the leading ecosystems to support it. With GCOIN now live, we’re opening the door to what comes next – a new wave of users, new models, and a much larger shift in how entertainment moves on-chain. This is just the beginning.”

The coin has already attracted over 200,000 holders, with the presale selling over 14 billion tokens.

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It’s worth noting that the project’s entire ecosystem has built its token model around rewards, linking the value distribution directly to platform activity rather than relying on fixed emissions.

Playnance already hosts more than 10,000 on-chain games and processes more than 2 million on-chain transactions per day, which reflects a strong user engagement, as well as growing adoption across the entire network.

GCOIN: Powering an Impressive Ecosystem

GCOIN represents the utility token that powers the economic execution across the protocol’s ecosystem. It’s used as a unit for value movement and settlement, and it incentivizes distribution across the PlayBlock layer-3 solution and applications powered by Playnance.

By design, it is intended for high-frequency and real-time use.

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That said, the team has also highlighted principles of wallet-based ownership and execution. This means that users hold the cryptocurrency directly in their wallets. Balances and state changes are written on-chain for complete transparency, while users can also verify all network activity through the explorer.

In terms of functionality, GCOIN is designed as a shared utility layer across all applications on Playnance.

This means:

  • One wallet balance per user
  • One token standard across the ecosystem
  • No user-side bridging to move value between supported applications
  • Gasless user experience

It’s also worth noting that the team recently launched GCOIN staking, providing yet another mechanism for users to earn rewards simply by staking their tokens. Naturally, the longer the staking period, the larger the reward. This model has proven to attract considerable interest, with more than 250 million tokens staked within hours.

Disclaimer: The above article is sponsored content. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and to do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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Crypto World

Polymarket Acquires Brahma in DeFi Infrastructure Push

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Polymarket Acquires Brahma in DeFi Infrastructure Push

Blockchain prediction markets platform Polymarket is acquiring Brahma, a crypto startup that provides decentralized finance (DeFi) infrastructure.

“As part of this transition, our team will dedicate itself to evolving Polymarket’s stack and product suite,” Brahma stated in an announcement on Wednesday.

Brahma, founded in 2021, says it has processed over $1 billion in volume and may be used by Polymarket to reduce friction around wallet creation, deposits, and token redemptions.

The acquisition could also bring more liquidity to niche, low-volume prediction markets on Polymarket. 

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“Building reliable infrastructure across blockchain networks and traditional financial rails is hard—there are no shortcuts,” Shayne Coplan, founder and CEO of Polymarket, told Fortune.

He added that the Brahma team has shown it can design, operate and scale complex products for sophisticated users. Financial details of the acquisition were not disclosed at the time.

Brahma to wind down products

In its four years of operation, Brahma has developed three main products: Strategy Vaults for automated DeFi strategies; Brahma Accounts, smart accounts for DeFi users; and Swype.fun, a Visa card linked to DeFi positions for real-world spending.

The firm stated that each product will be wound down over the next 30 days as the acquisition proceeds.

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Related: Prediction markets boom on Iran bets as Congress eyes ban

Polymarket has quickly grown to a reported $20 billion valuation amid rapid growth in prediction markets. 

Polymarket TVL and volume have surged in recent months. Source: DeFiLlama

Polymarket acquisition spree continues 

Polymarket has continued to invest in expansion despite a broader crypto market decline and a surge in interest in AI.

The company announced on March 10 that it was partnering with Palantir Technologies and TWG AI to develop an AI-powered sports integrity platform. 

It also acquired Y Combinator-backed startup Dome in February, which provides developer tools for prediction markets, and Lunch, a boutique firm specializing in recruiting and assembling teams for tech startups. 

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However, the platform has faced resistance across the globe, most recently in Argentina, over its unregulated gambling markets and war bets.

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