G Coin Surpasses 1M Daily On-Chain Transactions in Presale Surge

G Coin, a utility token developed by Playnance, has achieved a significant milestone by surpassing 1 million daily on-chain transactions during its presale phase. This surge in activity underscores the token’s active integration into Web3 platforms and highlights its operational scale ahead of any exchange listing. With 8.7 billion tokens sold to date, G Coin has raised $4 million in presale market capitalization and attracted over 10,000 token holders across more than 60 countries [1].

The token’s utility is driven by its role in facilitating transactions across platforms such as PlayW3, Sharker, and Playbita. These interactions include gameplay mechanics, prediction markets, rewards systems, and platform operations, all executed via smart contracts. The daily transaction volume reflects a shift from speculative interest to functional use, positioning G Coin as a utility token rather than a speculative asset. Sarah Peter, CMO at Playnance, emphasized that “G Coin gives real utility from Day 1 and the results are visible on-chain” [1].

G Coin operates on PlayBlock, a proprietary Layer 3 blockchain designed for high-throughput environments. Key features of PlayBlock include instant transaction execution, zero gas fees for users, and bridgeless transfers between USDT and USDP. The network also supports automated smart contract operations and simplified user access via Google, Apple, or social logins. Roman, CTO at Playnance, noted that the token’s ecosystem is already “scaled,” with “1 million+ daily smart contract interactions” and “thousands of real users” [1].

Tokenomics for G Coin are structured to ensure supply consistency and operational predictability. A 2% price increase is triggered automatically after every 54 million tokens sold, with a hard cap at Step 500. Additionally, a daily burn mechanism removes 25% of platform commissions from circulation. These mechanisms aim to maintain a stable supply while incentivizing continued usage.

The presale phase remains ongoing, with incremental pricing adjustments tied to predefined distribution steps. Over 1 million on-chain transactions per day and global adoption across partner platforms indicate strong early traction. The token’s integration into Web3 applications is further supported by its ability to power payouts in over 60 countries and facilitate user engagement initiatives like the Be The Boss program [1].

G Coin’s success highlights the growing demand for utility-driven tokens in decentralized ecosystems. Unlike many concept-stage tokens, its immediate functionality and transparent tokenomics align with real-world use cases. As the presale progresses, the project’s focus on scalable infrastructure and operational efficiency positions it as a case study in early-stage utility token adoption.

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/]