Hassan Maishera
Playnance, the Web3 infrastructure firm behind the expanding GCOIN ecosystem, has launched GCOIN Staking, a new feature aimed at boosting long-term engagement within its growing Web3 entertainment network.
Playnance Unveils GCOIN Staking
Playnance announced on Monday, March 16th, that it has launched GCOIN Staking, a new feature aimed at boosting long-term engagement within its growing Web3 entertainment network.
In a press release shared with Cryptowisser, the team said the staking program is now live on PlayW3, the company’s flagship Web3 social gaming platform, where more than 250 million tokens were locked within hours of its debut.
Thanks to GCOIN Staking, GCOIN holders can lock their tokens in smart-contract staking pools and participate in ecosystem-driven rewards. The structure is designed to encourage long-term participation, reduce circulating supply through voluntary token locking, and support the sustainability of the GCOIN economy.
This latest development comes ahead of the upcoming GCOIN Token Generation Event on March 18.
Participants can stake a minimum of 1,000 GCOIN across four lock-up periods—6, 9, 12, or 18 months—with longer commitments receiving greater reward weight. Rewards begin accruing 24 hours after staking activation and can be claimed once the lock-up period concludes. Early withdrawals are permitted, although doing so forfeits any accumulated rewards.
While commenting on this launch, Pini Peter, CEO of Playnance, stated that,
“Staking allows our community to grow together with the Playnance ecosystem. As adoption expands, GCOIN holders can take a more active role in the network’s long-term evolution, participating in the ecosystem through staking rewards.”
Unlike traditional staking models that rely on fixed emissions or inflationary rewards, Playnance’s approach links rewards directly to activity within its ecosystem. Staking incentives are distributed from an ecosystem allocation connected to platform usage, including revenue generated from ecosystem products. As user activity grows, a portion of that value flows back to the community of stakers, aligning incentives between platform growth and user participation.
The team explained that GCOIN powers a growing Web3 entertainment economy spanning social gaming, prediction markets, and trading environments.
Playnance aims to drive the transition toward decentralized entertainment economies by bringing more elements of the global entertainment industry on-chain through the GCOIN token. Staking provides community members with an opportunity to participate in the ecosystem’s evolution while supporting greater stability across the network.
Playnance has been around since 2020 and is a Web3 infrastructure company developing live, non-custodial, on-chain products designed to onboard mainstream Web2 users into blockchain environments.
The company develops consumer-facing platforms built on shared wallet systems and high-volume on-chain execution, currently processing approximately 2 million transactions per day. Playnance focuses on reducing friction between user experience and blockchain infrastructure by abstracting complexity while maintaining full on-chain transparency and non-custodial architecture.
