Web3 infrastructure firm Playnance has launched GCOIN staking on its social gaming platform PlayW3, marking a new step in its expanding entertainment ecosystem. The company said users locked more than 250 million GCOIN tokens within hours of the feature going live.
The rollout comes days before the scheduled GCOIN Token Generation Event on March 18. The staking mechanism aims to deepen community participation while adding a new economic layer to the platform.
Under the programme, GCOIN holders can lock tokens in smart-contract pools to earn ecosystem-driven rewards. The minimum participation threshold is set at 1,000 GCOIN. Users can choose lock periods of six, nine, 12, or 18 months. Longer commitments carry higher reward weight.
Rewards begin accumulating 24 hours after activation. Users can claim them once the staking term ends. Early withdrawals remain possible but will lead to forfeiture of rewards.
The company said voluntary locking could help reduce circulating supply and strengthen long-term alignment among token holders.
“Staking allows our community to grow together with the Playnance ecosystem,” said Pini Peter, CEO of Playnance. He added that as adoption expands, token holders can play a more active role in the network’s evolution through staking participation.
Playnance said staking rewards will not rely on fixed emissions or inflationary token distribution. Instead, rewards will come from ecosystem allocations linked to platform activity, including revenues from its products.
The company noted that as user participation increases, generated value will flow back to the staking community. This structure is designed to align platform success with user incentives.
GCOIN powers a Web3 entertainment ecosystem that includes social gaming, prediction markets, and trading environments. Playnance aims to bring mainstream entertainment experiences on-chain while maintaining non-custodial architecture and transparency.
Founded in 2020, the company develops blockchain-based consumer platforms with shared wallet systems and high-volume execution capabilities. Playnance claims its infrastructure currently processes nearly two million transactions daily.
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