Playnance Announces Launch Date for G Coin, With 200K Users Already Locked In – Crypto News – Crypto News
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Playnance Announces Launch Date for G Coin, With 200K Users Already Locked In Playnance Announces Launch Date for G Coin, With 200K Users Already Locked In

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Playnance Announces Launch Date for G Coin, With 200K Users Already Locked In – Crypto News

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2 weeks ago

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Summary:

  • Playnance’s G Coin will power interactions like gameplay activity, predictions, settlements, rewards etc.
  • In addition to 300,000 user accounts, Playnance ecosystem has 10,000+ games and has partnered with 30+ game developers
  • G Coin has a fixed limit of 77 billion tokens as per its tokenomics

Playnance, a Web3 infrastructure and consumer platform company, is set to launch G Coin, the utility token powering activity across its ecosystem, on March 18th. G Coin functions as the unified economic layer of the Playnance ecosystem, facilitating gameplay activity, predictions, settlements, rewards, and other forms of participation across the network’s platforms.

The token operated on PlayBlock, Playnance’s blockchain infrastructure and it enables users to interact fast and without gas fees while keeping ownership and transparency on the chain. The G Coin token launch, unlike most tokens which are typically launched without real utility yet, shows up right in the middle of a working system buzzing with daily action. Instead of waiting on promises, it lands where things are already moving fast.

Playnance is launching G Coin to create the economic foundation for its digital entertainment network. This system connects partner platforms, markets, games, and sports events. The Playnance system is operates at scale, covering many digital entertainment platforms. It currently handles over 300,000 accounts, works with 30+ game developers, and runs 10,000+ on-chain games.

These platforms manage about 2 million on-chain transactions daily and handle 2.5 million+ sports events each year. Together, they form a busy on-chain place where G Coin fuels millions of interactions every day.

Recent developments in the ecosystem show steady momentum building up before the token drops. Earlier in the year, Playnance revealed that winners in its “Be The Boss” challenge had pulled in over $2 million in cash rewards, whereas the entire system clocked past $5.3 million in earnings overall.

G Coin Tokenomics and Supply

G Coin has a fixed limit of 77 billion tokens, with no provision for future minting. Supply is controlled through a system that locks and releases tokens to manage the amount available. Tokens lost in games are locked for a year before going back into circulation based on their original loss date. Any unsold tokens from the Token Generation Event will be locked for a year, then released gradually over two years.

Ahead of its Token Generation Event, the G Coin has already accumulated a market cap of about $38 million. Over 200,000 people already hold it, based on data from Playnance’s public tracker. About 13 billion G Coin were distributed during the presale period.

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