Playnance GCOIN Surpasses 1 Million Holders, Launches New Protocol

Edgen Crypto

·Mar 23 2026, 21:17

Share to

Share to

Copy link

Key Takeaways

Tel Aviv-based Playnance announced its Democratic Social Gaming Protocol on March 23, reporting that its GCOIN holder base has crossed the 1 million mark. This milestone follows a series of strategic ecosystem developments, including a major exchange listing and a highly successful staking program that demonstrated significant investor demand.

Explosive User Growth: Playnance reported 1 million GCOIN holders, a significant increase from the 300,000 holders noted just before its recent exchange listing.
Staking Success: A new staking program launched on March 16 saw investors lock over 1 billion GCOIN within hours, signaling strong long-term confidence ahead of its Token Generation Event.
Strategic Expansion: The GCOIN token began trading on the MEXC exchange on March 18, increasing market access and liquidity for an ecosystem that already processes over 2 million daily transactions.

Playnance Reaches 1M GCOIN Holders With Protocol Launch

Web3 infrastructure firm Playnance announced on March 23, 2026, the launch of its Democratic Social Gaming Protocol, a move paired with the milestone of surpassing 1 million GCOIN token holders. The achievement marks a period of accelerated growth for the Tel Aviv-based company, which reported having just 300,000 holders prior to a series of key releases in mid-March. The rapid expansion underscores growing momentum in the GameFi and SocialFi sectors.

GCOIN Staking Locks 1B Tokens Before MEXC Listing

Playnance's holder growth was driven by a sequence of strategic initiatives. On March 16, the company launched a staking program that locked over 1 billion GCOIN within hours, indicating strong community commitment. This was followed by the GCOIN token's debut on the MEXC exchange on March 18 at 13:00 UTC. The GCOIN/USDT trading pair opened the asset to a global market, building on the demand seen in a pre-launch Kickstarter campaign that featured a 50,000 USDT airdrop. The staking mechanism offers holders rewards directly linked to ecosystem activity, with lock-up periods ranging from six to 18 months.

Ecosystem Processes 2M Daily Transactions to Onboard Mainstream Users

The Playnance network is built to handle significant volume, currently processing over two million daily on-chain transactions across more than 10,000 games. The company's stated strategy is to abstract away blockchain complexity to provide Web2-like experiences, lowering the barrier to entry for mainstream adoption. GCOIN serves as the core utility token for transactions and rewards across this ecosystem, which includes social gaming, prediction markets, and trading environments.

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.

— Pini Peter, CEO of Playnance.