The Tumultuous Road to W-Coin’s Airdrop Listing
Since its first announcement in December 2024, W-Coin—a “click-to-earn” game token based on Telegram—has experienced several delays. It is now finally scheduled to list on April 29, 2025. This date is 3 months later than originally planned. During this period, the team adjusted the schedule twice—initially set for January 25, then postponed to February 25, and finally finalized for the end of April.
The official explanation stated that the delays were necessary to ensure the completion of technical integration and compliance reviews, particularly regarding compatibility with the TON blockchain and the listing requirements of centralized exchanges. According to public information, the total supply of W-Coin is 100 billion tokens, with 70% distributed via airdrop to active players, and the remainder reserved for project development and liquidity.
Rule Adjustments: Activity Requirements and Controversies
W-Coin’s unique mechanism has sparked extensive community discussion. To maintain ecosystem activity, the team has introduced an “inactivity burn rule”: if a player is offline for more than three consecutive days, they lose 5% of their tokens each day. In contrast, similar projects like Notcoin allow a 30-day grace period. Some players consider this rule too harsh; however, the team explains that it is designed to filter long-term participants and prevent speculative behavior. Moreover, users of the paid version “W-Galaxy” can bypass this rule by purchasing the virtual currency “Star” to unlock special privileges. Despite the controversy, these rule adjustments have driven migration toward the paid version or prompted some players to use multiple accounts to evade the risk.
For ordinary investors, understanding these mechanisms is crucial. For example, after listing on compliant exchanges such as JuCoin, token liquidity may directly affect price stability. The team emphasizes that all airdrop token snapshots have been completed and that early participants’ rights will be protected.
Market Impact and Future Outlook
W-Coin’s listing is regarded as a critical test in the crypto gaming sector. If successful, it will validate the “social + gaming + airdrop” model and attract more developers to the TON blockchain. However, potential risks should not be ignored:
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Price Volatility: Similar projects such as Hamster Kombat experienced a 50%-74% price drop post-listing, mainly due to airdrop selling pressure and technical issues.
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Regulatory Pressure: The stringent inactivity rule might be criticized as a disguised “Ponzi scheme,” especially with the premium privileges in the paid version potentially drawing regulatory attention.
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Technical Risks: The TON blockchain has not yet been tested under high-concurrency conditions; if congestion or vulnerabilities arise after listing, user confidence could be damaged.
In the long term, W-Coin will need to expand its application scenarios (e.g., NFT and DeFi integrations) to maintain user stickiness. Currently, its lightweight gameplay on Telegram has attracted a large number of non-crypto users. If it expands to platforms like TikTok in the future, it could become a model for mass adoption of Web3.
How Investors Can Participate Rationally
For ordinary users, participating in W-Coin requires attention to three key points:
Transparency of Token Allocation
The team commits to distributing 70% of tokens via airdrop, but investors should be wary of early whale sell-offs.
Exchange Selection
Choose compliant platforms like JuCoin for trading to reduce risks (please refer to JuCoin’s listing announcements for details).
Long-Term Strategy
If you are bullish on the TON ecosystem, pay attention to its technological progress and partner dynamics.
Crypto gaming tokens often experience high volatility, so investors should consider their risk tolerance and avoid blindly following trends. The success or failure of W-Coin not only concerns a single project but could also reshape market confidence in the “play-to-earn” model.
For more insights, please follow the JuCoin Research Institute!
Neason Oliver
