G Coin Surpasses 1M Daily On-Chain Transactions in Presale, Raising $4M

G Coin, a utility token developed by Playnance, has surpassed 1 million daily on-chain transactions during its presale phase, marking a significant milestone for a project in its early adoption stage. The token, built on PlayBlock—a proprietary Layer 3 blockchain designed for high-throughput, gasless transactions—has facilitated over 8.7 billion tokens sold to date, raising $4 million in presale market value. With more than 10,000 holders across over 60 countries, G Coin’s operational metrics highlight its active integration into gaming, prediction markets, and rewards systems, executed via smart contracts in a live environment [1].

The token’s utility is underpinned by its role in powering platform interactions across partner ecosystems, including PlayW3, Sharker, and Playbita. Daily on-chain activity includes user payouts, platform operations, and engagement initiatives such as the Be The Boss program. PlayBlock’s architecture supports these transactions with features like instant execution, no user gas fees, and automated smart contract operations. The blockchain also enables seamless transfers between stablecoins (USDT and USDP) without bridge fees, enhancing accessibility for global users [1].

G Coin’s tokenomics emphasize supply stability and transparency. A 2% incremental price increase is triggered automatically after every 54 million tokens sold, with a hard cap on minting after Step 500. Additionally, 25% of platform commissions are burned daily via smart contracts, further controlling supply dynamics. Sarah Peter, CMO at Playnance, noted, “Most people invest in ideas. G Coin gives real utility from Day 1 and the results are visible on-chain” [1].

Operational scalability is a core focus, with the PlayBlock network currently handling over 1 million transactions daily. Roman, CTO at Playnance, emphasized, “G Coin isn’t trying to scale. It’s already scaled,” citing its integration across 60+ countries and thousands of active users. The token’s utility extends to facilitating payouts and powering partner platform interactions, reflecting its adoption as a functional asset rather than speculative speculation [1].

The presale phase remains ongoing, with pricing adjustments tied to predefined distribution steps. While no exchange listings have occurred, the network infrastructure is fully operational, and token distribution continues. G Coin’s approach diverges from traditional presale models by prioritizing immediate utility, as evidenced by its live transaction volumes and ecosystem integrations.

G Coin is positioned as a next-generation utility token engineered for mass adoption, leveraging PlayBlock’s high-speed, gasless infrastructure. Its current metrics—1 million+ daily interactions, $4 million in presale capital, and global distribution—underscore its role in scaling decentralized applications within the gaming economy. The project’s focus on real-world usage aligns with broader trends in Web3 adoption, where utility-driven tokens are increasingly valued for functional outcomes over theoretical potential [1].

Source: [1] [From Utility to Global Adoption — G Coin Surpasses 1M Daily On-Chain Transactions] [https://cryptoslate.com/press-releases/from-utility-to-global-adoption-g-coin-surpasses-1m-daily-on-chain-transactions/]