- According to Playnance’s public tracker, the token presently has more than 200,000 holders, with about 13 billion G Coin issued during the presale phase.
- G Coin serves as the Playnance ecosystem’s single economic layer, enabling games, forecasts, settlements, incentives, and other types of involvement across all of the network’s platforms.
On March 18, Playnance, a Web3 infrastructure firm that specializes in blockchain-based digital entertainment platforms, will introduce G Coin, the utility token that drives activity across its network of interactive financial platforms, prediction markets, and on-chain games.
G Coin joins the market as a part of a live ecosystem that is currently handling a significant amount of daily activity, in contrast to many token launches that come before product acceptance. According to Playnance’s public tracker, the token presently has more than 200,000 holders, with about 13 billion G Coin issued during the presale phase and an estimated market valuation of over $38 million ahead of its Token Generation Event.
G Coin serves as the Playnance ecosystem’s single economic layer, enabling games, forecasts, settlements, incentives, and other types of involvement across all of the network’s platforms. The currency runs on PlayBlock, Playnance’s blockchain technology, which preserves non-custodial ownership and on-chain transparency while facilitating quick, gasless transactions.
Through a network of digital entertainment platforms, the larger Playnance ecosystem functions at scale. Over 300,000 registered users, over 10,000 on-chain games, and over 30 game companies are all supported by the infrastructure. Every day, the network handle’s over 2 million on-chain transactions and provide engagement with over 2.5 million sporting events. When combined, these platforms provide a high-volume on-chain ecosystem where G Coin powers millions of daily interactions in financial prediction markets, sports events, and gaming.
Prior to the token launch, ongoing activity increase was mirrored in recent ecosystem advances. Playnance said earlier this year that its “Be The Boss” program paid out more than $2 million in actual cash to participants, while the ecosystem as a whole brought in more than $5.3 million.
G Coin has a fixed supply approach with a 77 billion token ceiling and no further token minting. A structured lock and release system that is intended to limit circulating supply is used to manage supply. While unsold tokens during the Token Generation Event are subject to a 12-month cliff followed by a 24-month linear vesting timeline, tokens lost via gameplay are frozen for 12 months before going back into circulation in accordance with their original loss date.
Playnance connects gaming, sporting events, prediction markets, and partner platforms into a unified on-chain ecosystem with the introduction of G Coin, formalizing the economic layer underpinning its digital entertainment infrastructure.
Playnance is a Web3 infrastructure firm that was established in 2020. Its live, non-custodial, on-chain solutions are intended to integrate ordinary Web2 users into blockchain settings. Currently processing over 2 million transactions daily, the business creates consumer-facing solutions based on shared wallet systems and high-volume on-chain execution. By abstracting complexity while preserving complete on-chain transparency and non-custodial design, Playnance aims to lower friction between the user experience and blockchain infrastructure.
Source: https://thenewscrypto.com/playnance-launches-g-coin-to-power-its-web3-gaming-and-prediction-ecosystem/
